Revised code of practice on defined benefit funding
13 June 2014
The Pensions Regulator has published adraft code of practice on defined benefit (DB) funding.The Pensions Regulator says that their new draft code of practice on defined benefit (DB) funding will help trustees and sponsoring employers agree funding plans that provide security for retirement savings, whilst enabling employers to invest in sustainable growth.
The draft code is part of a significant change in their approach to DB schemes. It recognises that a strong ongoing employer alongside an appropriate funding plan provides the best support for a well-governed scheme.