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ARTICLE · 04 SEPTEMBER 2023

What's Happening In Pensions

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The Pensions Regulator has published its 2023/24 Corporate Plan. This is the third year of the Regulator's latest threeyear planning cycle. The Plan included the following updates and new points of interest...

United KingdomEmployment and HR
Daniel Gerring
Daniel Gerring
Susie Daykin
Susie Daykin
Niamh Hamlyn
Niamh Hamlyn
David James
David James
Andy Lewis
Andy Lewis
Dan Naylor
Dan Naylor
Nick White
Nick White
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TPR Corporate Plan

The Pensions Regulator has published its 2023/24 Corporate Plan. This is the third year of the Regulator's latest threeyear planning cycle. The Plan included the following updates and new points of interest:

  • A further delay to the Regulator's DB funding code of practice (see WHiP Issue 99) is confirmed. It is now due to take effect for valuations with effective dates from April 2024, rather than October 2023. There was no mention in the Plan of whether the associated regulations will start to apply at the same time but the Regulator's later-published annual funding statement (see below) mentions that they will.
  • The Regulator expects the outcome of the joint consultation on proposals for extending DC value for money assessment and reporting requirements (see WHiP Issue 100) to be published this summer. Legislation is likely to be needed to progress this. The Regulator will work with the Government and the FCA to explore how the value for

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