DB funding code

New DB funding code focussing pension schemes on future planning

DB funding code, buy-in deals, joint statement on NTL v Virgin Media ruling, pensions tax

Code offers regulatory certainty but industry ‘not fully clear of the tunnel just yet’

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