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ARTICLE · 14 OCTOBER 2024

Defined Benefit Scheme Funding – TPR Issues Statement Of Strategy Templates To Support Trustees

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Following on from the laying of the 'Defined benefit funding code of practice' before Parliament in July 2024, in September, the Pensions Regulator (TPR) published revised statement...

CanadaEmployment and HR
Ben Goldby
Ben Goldby
Ian Chapman-Curry
Ian Chapman-Curry
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Following on from the laying of the 'Defined benefit funding code of practice' before Parliament in July 2024, in September, the Pensions Regulator (TPR) published revised statement of strategy templates for schemes with valuation effective dates of 22 September 2024 and later.

The statement of strategy is one of the key building blocks of the DB funding regime, and we discussed this new regime in our insight 'Defined benefit scheme funding – the new regime takes final shape' (9 September 2024).

Statements of strategy will need to be submitted to TPR in digital form through a new digital service which TPR is launching in spring 2025.

The DB funding regime in a nutshell

Schemes with actuarial valuations with effective dates on and from 22 September 2024 must:

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