The Pensions Regulator (TPR) is set to issue a new code of practice on pension scheme funding in 2020.
The new code comes at a time when TPR is to be granted new powers making it a ‘clearer, quicker, tougher’ regulator - as well as heralding a subtle shift in TPR’s approach to DB scheme funding. Tyron Potts looks ahead and advises on actions to take in order to help schemes with the upcoming challenges.
“It’s a case of watch this space. The next 12 months could get interesting for scheme funding, even if other events at Westminster continue to hog centre-stage.”
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