DB funding code

Hymans Robertson paper calls for TPR and PPF policy changes as well as tax incentives

Resources consist of updated interactive fast-track tool, factsheet and information hub

Implementation of the code will involve ‘tightening of the herd’ and reducing ‘outliers’

Regulator’s corporate plan reveals delay to code as well as priorities for upcoming year

PP survey respondents say implementation should be pushed back by at least six months

TPR encouraged to increase simplicity ahead of the code’s publication in the spring

Steve Hitchiner says it is debatable how much impact the code will have on outcomes

Hymans Robertson webinar advises schemes to determine covenant reliability periods

TPR has been urged to simplify the draft DB funding code to avoid burden on schemes

TPR says it will work with DWP to ensure the code supports the evolving maturity of funds