The guidance sets out the standards expected to be met in the period before longer-term legislation is in place (the interim period).
It covers how trustees of a superfund’s pension scheme should approach managing the funding and governance risks associated with being part of this model. It also contains important information on setting up and running a superfund, including directors and senior managers.
The market for superfunds, generic consolidation vehicles and other business models facilitating risk-transfer is developing rapidly. This guidance is for those setting up and running a defined benefit (DB) superfund model, including directors, senior managers and trustees.