DB Funding Code Consultation Briefing

The Pensions Regulator (TPR) has published the first of two consultations on the revised DB Funding Framework. 

This briefing outlines the details of the TPR’s proposals, including plans for the new framework, including its eight key principles, and its twin-track regulation approach, ‘Fast-Track’ and ‘Bespoke’. The outcome of this consultation is intended to clarify expectations from trustees and employers, to protect schemes’ long-term sustainability and members’ outcomes.

The consultation will be open for 12 weeks and will close on 2 June 2020. We will be engaging with members to inform the PLSA’s response.