UK pension plans halve recovery time

News

An analysis of scheme funding recovery plan data by the Pensions Regulator has shown a halving in the time that schemes should expect to take to pay off their pension deficit, from 15 to seven and a half years.

The 2004 Pensions Act replaced the discredited minimum funding requirement (MFR) regime, and requires schemes to submit an estimate of how long it will take to recover from a deficit. Calculations made by the Pensions Regulator at the time estimated this to be an average of 15 years, b

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: