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ARTICLE · 27 MAY 2020

TPR Annual Funding Statement 2020

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Each spring, the Pensions Regulator ("tPR") publishes its Annual Funding Statement on what it expects for defined benefit pension scheme actuarial valuations.

United StatesEmployment and HR
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Each spring, the Pensions Regulator ("tPR") publishes its Annual Funding Statement on what it expects for defined benefit pension scheme actuarial valuations. With the recent 2020 publication, it is of particular interest to employers because of the COVID-19 pandemic.

Whilst aimed at pension schemes with valuation dates between 22 September 2019 and 21 September 2020, it is also relevant for schemes experiencing significant changes and which have to review funding and investment risk.

The importance of trustees and employers working together to manage immediate COVID-19 issues, while retaining a focus on the long-term is a key theme. The best support for a pension scheme is a strong employer.

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