From The Pensions Regulator:
Following consultation, the Pensions Regulator has published guidance to help trustees of occupational pension schemes meet Government expectations that key wind-up activities are completed within two years; an approach broadly welcomed by industry.
This expectation, set-out in a joint statement by the regulator, PPF and FAS (as part of DWP), forms part of an aligned approach aimed at speeding up both the wind-up and passing through a PPF assessment period of schemes to ensure that:
Alongside the guidance and the statement, the regulator, PPF and FAS have published a joint consultation report explaining that the majority of respondents supported our overall approach, particularly our commitment to joint working.
The regulator has also developed e-learning modules as part of its Trustee toolkit, covering the key elements of the…