Bridging the Gap

The balance of power in UK pensions is shifting, and the way companies act given the new order could profoundly affect the future prospects of company pensions

In years to come pension fund trustees and sponsors may well look back on the latter part of 2005 and think of it as a watershed period. In the UK, the new scheme-specific funding requirements will come into force at the end of the year, and the UK's Pensions Regulator last month published a consultation document on how it proposes to regulate the new regime for defined benefit schemes. Meanwhile, Ericsson's takeover of Marconi, a deal which hinged on getting the Regulator's approval for a