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The Pensions Regulator (TPR) has said that new defined benefit (DB) pension models must offer both clear benefits and proper protections, raising particular concerns over a possible new offering to pay DB pensions to defined contribution (DC) savers.

In a blog post, TPR interim director of supervision, market oversight, David Walmsley, said that TPR is seeing an increasing amount of innovation in the evolving pensions landscape, highlighting scheme consolidation as a specific "hot spot" of innovation








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