Moving to a superfund

With ever increasing costs associated with defined benefit (DB) pension schemes and buyouts being out of reach for many, the advent of DB superfunds may offer some employers an alternative.

Whilst a legislative framework for DB superfunds is still awaited, the Pensions Regulator (TPR) has recognised that the industry is not going to stand still. TPR has therefore set out its own regime to regulate this area in the meantime. 

This brochure sets out some key considerations for trustees and employers to take into account when considering if transferring to a superfund is appropriate for them. It also summarises how the two current superfunds operate as well providing a guide on the process for a superfund transfer in accordance with TPR’s guidance.