Aon says lack of flexibility could have unintended consequences for schemes
Legislating schemes to buy gilts to match their liabilities could worsen systemic risks
Schemes call for flexibility on contingent assets and allowances for open schemes
Second consultation set for autumn with code to be operational from September 2023
Regulator says it will engage with industry to explain how its thinking has changed and why
Revised DB funding code was initially expected to launch by end of 2021
Findings come as scheme valuations strengthen despite Covid setbacks
The revised defined benefit (DB) funding code is not likely to be live until late 2022, The Pensions Regulator (TPR) has said.
Jonathan Stapleton speaks to Hymans Robertson senior partner John Dickson and managing partner Shireen Anisuddin as the firm celebrates its 100th anniversary, discussing the consultancy’s first 100 years and looking to the future of both its business...
The potential loss of scheme flexibility outlined in The Pensions Regulator’s (TPR) interim response to its defined benefit (DB) funding code should not be a concern as long as schemes can manage risk, the watchdog said.