- Corporate activity
- Automatic enrolment
- DB schemes
- DC schemes
- Finance & investment
- International pensions
- Pension Protection Fund
- Pension de-risking
- Pensions & investment litigation
- Public sector pensions
- State pension changes
- Scheme funding
- Scheme governance
- The Pensions Regulator
Trustees of DB schemes must ensure that the statutory funding objective is met.
Trustees need to obtain either annual full actuarial valuations or a triennial valuation backed up by annual actuarial reports on developments. If the scheme is underfunded the trustees, with actuarial advice, will have to devise a “recovery plan” setting out proposals to make up the shortfall. All the relevant documents must be sent to the Pensions Regulator.
How we can help
- Advice to employers and trustees of DB schemes on the statutory requirements of scheme funding
- Analysis of the legal rights and obligations under Scheme trust deeds and rules
- Preparation of key scheme funding documentation
- Negotiation with TPR on behalf of trustees and employers on scheme funding matters
- Advice to schemes selected for TPR’s programme of proactive engagement
- Advice on the legal requirements for investment arrangements to meet scheme funding requirements.
- Advice to the trustees of the EMI pension scheme following a Warning Notice on scheme funding issued by TPR
- Advice to schemes on TPR’s latest annual statement on scheme funding
- Advice to schemes selected for TPR’s early engagement programme.
For more information