The Pensions Regulator (TPR) has issued its 2019 Annual Funding
Statement for defined benefit pension schemes. It builds on the
Government's white paper 'Protecting defined benefit
pension schemes' published in March 2018, and indicates the
direction which TPR is likely to take when updating the DB funding
code later this year. More focused strategic clarity may also
explain why this is the earliest TPR has issued this annual
statement (in previous years it has often been May before it has
been issued).
While of particular interest to trustees and employers of
defined benefit pension schemes completing a valuation with an
effective date between 22 September 2018 and 21 September 2019, it
should also be read by anyone involved in managing or funding
defined benefit pension schemes.
