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flag UK regulator shifts focus for pension schemes from deficit recovery to endgame planning, amid surplus.

flag The UK Pensions Regulator (TPR) has issued a new annual funding statement for occupational defined benefit (DB) schemes, encouraging a shift from deficit recovery to planning for the endgame. flag Most DB schemes are in surplus, with 85% on a technical provisions basis. flag The TPR advises trustees to update their strategies in light of macroeconomic changes and suggests a policy for surplus release. flag Additionally, the UK Supreme Court ruled that 'sex' in the Equality Act 2010 refers to a person's biological sex at birth.

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