New DB funding
regime - action list for sponsors


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:

  • A News Alert which includes an overview of the Code consultation
  • Our 11 January 2023 webinar walks through the detail and what it may mean in practice
  • Our 26 January 2023 webinar focuses on the new covenant requirements.

Read the action list

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.

The new DB funding code – a whole new world for covenant advice

The new DB funding code – a whole new world for covenant advice

On-demand webinar

Watch our on-demand webinar as we take a deeper look into the covenant aspects of the proposed Code and its underpinning draft DWP Regulations.

Watch now