DB funding code

Code aims to enhance the system as well as protect savers

Hymans Robertson says funding levels and general election could impact covenant

Society says some areas of TPR’s consultation will be ‘challenging’ and ‘costly’ for schemes

Industry welcomes findings of report which called for improvements to DB surplus management

Buzz survey finds nearly three-quarters of respondents support further reflection by TPR

Consultation another step towards the new funding regime but challenges remain

Louise Davey talk on general code encourages trustees to ‘be honest’ about gap analysis

Revised regs are welcome but much now depends on TPR’s final code and strategy requirements

LCP’s David Fairs welcomes code but says questions for overfunded schemes remain

Industry bodies say DWP has listened but now call on TPR to act swiftly over funding code