DB funding

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.

Panellists at an industry roundtable discuss their need for more clarity and balance from the regulator. James Phillips reports

Funding standards for DB schemes have increased exponentially over the past decades. Con Keating says such significant overstatement of liabilities will lead to pushback through the courts.

Stephanie Baxter says some local councils' attempts to find new ways to make savings are welcome but must have strong safeguards