UK Pensions - Pensions Regulator consults on defined benefit scheme funding
The Pensions Regulator is consulting on a proposed new regulatory approach to funding for defined benefit (DB) pension schemes. This represents the most fundamental shift in the scheme funding regime since it was introduced in 2005.
For sponsoring employers and trustees of DB schemes keen to understand the impact on the future funding of their scheme, this is compulsory reading. But the true impact won’t become clear until the Regulator consults on the draft DB funding code of practice itself later in the year.