TPR warns trustees to check suitability of long-term funding targets

Regulator’s funding statement urges trustees to take a fresh look at their strategies

Holly Roach
clock • 5 min read
TPR Interim director of regulatory policy, analysis and advice Lou Davey
Image:

TPR Interim director of regulatory policy, analysis and advice Lou Davey

The Pensions Regulator (TPR) has urged trustees to review their long-term funding targets to ensure they are still appropriate after funding improvements.

In its 2023 Annual Funding Statement - published today (27 April) - the regulator said despite defined benefit (DB) scheme funding positions improving, there is "variation between schemes" and warn...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

DC consolidation concern, TPO order for trustee director, CDC consultation responses

Professional Pensions
clock 22 November 2024 • 1 min read
Mansion House proposals 'ambitious' and 'huge task' for industry

Mansion House proposals 'ambitious' and 'huge task' for industry

Industry experts says consolidation into megafunds presents ‘complexity’

Holly Roach
clock 22 November 2024 • 2 min read
XPS Group revenues up 23% to £113.4m in six months

XPS Group revenues up 23% to £113.4m in six months

Consultancy says advisory and administration accounting grew for tenth half year of year-on-year growth

Jasmine Urquhart
clock 21 November 2024 • 2 min read
Trustpilot