News: Another piece of the superfund regulatory jigsaw
TPR releases guidance for trustees and employers considering a transfer to a superfund
The release of the interim regime back in June provided a regulatory framework for superfunds. But until today it was not clear what requirements trustees and sponsors have to meet in order to transfer their scheme into a superfund.
Today’s guidance leaves the superfund door wide open for schemes in distressed situations. Whilst this is another piece of the superfund jigsaw, one key final step remains. Read our take on the guidance and what’s in store for superfunds over the next 6 months.