The Pensions Regulator (TPR) has recently increased its focus on the endgame (sometimes called journey plan) of UK defined benefit (DB) pension schemes.
TPR are actively asking trustees how their schemes are approaching their endgame and at the same time, they’re also scrutinising the relationship between dividends and deficit contributions paid by sponsors of DB plans. Companies paying dividends that are higher than the deficit contributions should expect more focus and challenge on this from their trustees and the Regulator.
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