The Pensions Regulator introduces a new Defined Benefit funding code in Parliament for the £1.3 trillion pensions market.
The Pensions Regulator (TPR) unveiled its new Defined Benefit (DB) funding code in Parliament, a significant milestone in the £1.3 trillion defined benefit pensions market. The new code, replacing the 2014 version, complements recent regulatory changes, providing a framework to protect savers while maintaining market flexibility. The TPR intends to guide trustees, sponsoring employers, and advisors on fulfilling funding and investment strategy requirements, encouraging good long-term planning and risk management behaviors.
July 29, 2024
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