DB funding code

As TPR’s consultation on the principles underlying the revised code of practice for DB funding enters the final straight, David Fairs set outs why you should give the watchdog your views.

The Pensions Regulator’s (TPR) proposed revisions to the defined benefit (DB) funding code could reduce member security, Lane Clark & Peacock (LCP) has warned.

An “early warning” tool has been launched by Hymans Robertson to help defined benefit (DB) schemes understand which potential regulatory approach will be more suitable for their current funding strategy.

The economic crisis caused by Covid-19 has reinforced The Pensions Regulator’s (TPR) view that its defined benefit (DB) funding principles are “right”, says David Fairs.

It would not be appropriate to rethink or completely abandon the planned revision to the defined benefit (DB) funding code, The Pensions Regulator (TPR).

David Fairs set outs why the regulator believes the economic fallout from Covid-19 is not a reason to abandon revisions to the DB funding regime.

A poll of UK defined benefit pension schemes shows many are no longer in support of The Pension Regulator’s (TPR) proposed funding code after a second look at its implications, according to Aon.

With the DB funding code set for a major revision at the same time as upgraded powers for the regulator, Paul McGlone says it is important to watch how these interact with each other.

A two-track approach to DB funding valuations is expected to improve regulatory compliance while maintaining a level of scheme-specific flexibility where needed. James Phillips looks at some of the proposals

The Pensions Regulator (TPR) has set out plans for twin-track defined benefit (DB) funding rules mixing clearer regulatory expectations with scheme-specific flexibility.