Source · Select Committees · Work and Pensions Committee
Recommendation 6
6
Paragraph: 59
Monitor trends in pension scheme buy-out demand and alternatives, working with financial regulators.
Conclusion
Many trustees and scheme sponsors will want to enter an arrangement to buy-out scheme benefits with an insurer and we welcome the security for scheme members this provides. However, not all will be able to do so, at least in the short-term. Well-funded schemes should also be supported to run on as there are potential advantages for scheme members, sponsoring employers and the economy. As part of its work to take account of financial stability considerations, TPR should monitor trends in demand for buy-out and its alternatives and work with financial regulators to understand the implications.
Paragraph Reference:
59
Government Response
A response document is linked to this report, dated 30 April 2025. Response attribution to this conclusion has not been verified. Read the response document ↗