In December 2022, The Pensions Regulator (TPR) published its draft Code of practice on DB funding. This is the biggest shake up in DB pension scheme strategy for almost 20 years and there is a lot for sponsors of schemes to consider.
Here is our view of the key actions sponsors should consider undertaking, both immediately and as part of your next valuation. Other resources which would be of interest to sponsors are:
How we can help
We help sponsors of pension schemes understand and manage the costs and risks associated with supporting their current and legacy pension schemes as well as other employee benefits.
We help trustees understand and monitor the employer covenant.
Our team works with trustees and sponsors of pension schemes to help them maximise their investment returns, while ensuring risk is well managed.