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Introduction TPR published its promised consultation on DB scheme funding on 2 December 2013, setting out the principles for DB funding and how TPR plans to regulate it. A new code of practice and other documents look forward to the new...
Ten things to know now We understand that the draft Code of Practice on scheme funding is due to be published on 4 December 2013. The new affordability objective for TPR is included in the Pensions Bill 2013, which we expect to receive...
Background The DWP’s consultation and draft regulations seek to address defective drafting in The Occupational Pension Schemes (Employer Debt and Miscellaneous Amendments) Regulations 2010, which, if adopted, will amend...
Introduction The Pensions Bill 2013 (“the Bill”) was published on 10 May 2013. While its main purpose is to implement the new single tier state pension, it also contains several key measures for occupational pension schemes. In...
Introduction TPR published its 2013 annual funding statement on 8 May 2013. This year’s annual statement is relevant for trustees and employers of all DB pension schemes, but is primarily aimed at those who are undertaking valuations...
Introduction In a Budget that generally contains little that is new for workplace pension schemes, the Chancellor has announced the introduction of a new objective for TPR. In this Alert: Key points A new statutory objective for TPR...
Background The Call for Evidence by the DWP on “Pensions and Growth” asks whether there is a need for: legislation to explicitly allow the ‘smoothing’ of asset values and liabilities in funding valuations (i.e....
