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ARTICLE · 16 MAY 2019

DB Pension Scheme Funding – Pensions Regulator Annual Statement

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The Pensions Regulator has published its 2019 annual DB funding statement. The statement will be relevant to all DB pension schemes, but is targeted at schemes undergoing a valuation

United KingdomEmployment and HR
Richard Evans
Richard Evans
Katherine Carter
Katherine Carter
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The Pensions Regulator has published its 2019 annual DB funding statement. The statement will be relevant to all DB pension schemes, but is targeted at schemes undergoing a valuation with an effective date between 22 September 2018 and 21 September 2019, and schemes undergoing significant changes that require a review of their funding and risk strategies. The statement sets out the Regulator's views on various funding issues and what the Regulator expects from trustees and employers.

Long-term funding targets

The Regulator expects trustees and employers of all schemes to agree a long-term funding target for the scheme and a journey plan for reaching that target. The target should be consistent with how the trustees and the employer expect to deliver the scheme's ultimate objective, and trustees and employers should be prepared to demonstrate that the scheme's shorter-term funding and investment strategies are aligned with it.

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