UK Pensions - Pensions Regulator publishes annual funding statement

Trustees and sponsoring employers of defined benefit (DB) pension schemes should familiarise themselves with the Pensions Regulator’s annual funding statement, published yesterday.

The statement is particularly relevant for those schemes whose valuations have effective dates between 22 September 2019 and 21 September 2020, but it will also be of interest to other schemes. The statement sets out what the Regulator expects of employers and trustees, as well as the Regulator’s views on some topical issues – including, of course, the impact of Covid-19.

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