Trigger happy TPR?


The Pensions Regulator’s Code of Practice on scheme funding is at pains to stress that the new statutory funding objective (SFO) is not just “son of MFR”, but is scheme specific with the trustees taking the leading role. However, the Regulator’s role and attitude in policing compliance will be crucial to the viability of this approach. With this in mind we look at the Regulator’s recently published Guidance on “How the Pensions Regulator will regulate the funding of defined benefits”.

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