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ARTICLE · 06 AUGUST 2019

DB Scheme Funding: All About The Long-Term

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The possibility of a Pensions Bill in the next parliamentary session should provide clarity on the funding framework for defined benefit (DB) schemes.

United KingdomEmployment and HR
Helen Parrott
Helen Parrott
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The possibility of a Pensions Bill in the next parliamentary session should provide clarity on the funding framework for defined benefit (DB) schemes.

The Government's white paper in March 2018 proposed that the Pensions Regulator should issue a revised code of practice focusing on how prudence is demonstrated when assessing scheme liabilities, appropriate factors for recovery plans, and ensuring that a long-term view is considered when setting the funding objective. Some or all of the funding standards contained in this revised code would be given statutory force.

Since then it's gone pretty quiet. That is, until the Regulator's blog post:

https://blog.thepensionsregulator.gov.uk/2019/05/09/protecting-db-savers-our-expectations-are-clear/

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