Government sets out conditions for unlocking ‘trapped capital’ in defined benefit pension schemes

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The government has published a consultation setting out conditions on freeing ‘trapped’ capital from defined benefit pension schemes, in a bid to keep pace with the rapidly changing pension landscape and free up greater amounts of capital.

The consultation, published on Wednesday by the Department of Work and Pensions, set out plans to give trustees https://www.cityam.com/government-sets-out-conditions-for-unlocking-trapped-capital-in-defined-benefit-pension-schemes/">[...]