Market volatility following the EU referendum: guidance statement from the Pensions Regulator
Details
The Pensions Regulator (tPR) has issued a guidance statement to pension trustees following the UK’s vote to leave the EU, as market volatility has led to uncertainty about scheme funding plans and investments.
The Pensions Regulator (tPR) has issued a guidance statement to pension trustees following the UK’s vote to leave the EU, as market volatility has led to uncertainty about scheme funding plans and investments.
Key messages
Trustees should, as a matter of course, remain vigilant and be regularly reviewing the circumstances of their scheme, but they should remain focused on the longer term and not be overly influenced by short-term market fluctuations;
Trustees are expected to have an open and collaborative discussion with their sponsor about the possible effects to their business; and
tPR will continue to monitor the markets and other economic developments, and will provide more guidance to trustees of both defined benefit (DB) and defined contribution (DC) schemes as necessary.
Please see the full guidance statement here.
For our fuller round up on Brexit and pensions, please click here.
