In this short podcast (5 min), Tim Smith, professional support lawyer, discusses DB consolidation, which is an emerging de-risking solution for defined benefit (DB) pension schemes. In particular, he:
- examines the proposed regulatory regime for DB consolidators,
- outlines the potential benefits of consolidation for sponsors and trustees, and
- considers whether consolidation is something that trustees can agree to (and whether they may, in fact, find it hard to say “no”).
Look out for our next podcast in which you can hear the views of former Pensions Minister, Steve Webb, on UK pensions policy.