What the final changes to the DB funding code mean for you

Hymans’ Laura McLaren looks at the impact of the code and how changes could affect schemes

clock • 5 min read
Hymans Robertson head of DB actuarial consulting Laura McLaren
Image:

Hymans Robertson head of DB actuarial consulting Laura McLaren

The Pensions Regulator (TPR) published its long-awaited Code of Practice for funding defined benefit (DB) schemes on 29 July 2024.

This fills in the important detail on how the new funding regime will operate in practice. With little time remaining before this comes into force for valuations after 22 September, it's a big r...

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 Defined Benefit

BAE Systems reports £800m UK pensions surplus
Defined Benefit

BAE Systems reports £800m UK pensions surplus

Triennial funding valuation at 31 March 2024 reveals funding ratio of 104%

Jonathan Stapleton
Jonathan Stapleton
clock 19 February 2025 • 1 min read
UK DB company profit warnings reached four-year high last year
Defined Benefit

UK DB company profit warnings reached four-year high last year

Research finds almost one in four UK firms with DB schemes issued a profit warning

Jasmine Urquhart
Jasmine Urquhart
clock 11 February 2025 • 2 min read
Bond market volatility sees DB surpluses rise by £12.8bn in January
Defined Benefit

Bond market volatility sees DB surpluses rise by £12.8bn in January

PPF 7800 index shows aggregate funding level for DB schemes has risen to 127%

Jonathan Stapleton
Jonathan Stapleton
clock 11 February 2025 • 2 min read
Trustpilot