Overview

Regulating a new DB funding regime

Learn how the proposed new funding regime will affect your scheme and hear from the Pensions Regulator’s Executive Director of Regulatory Policy, Analysis and Advice, David Fairs, on how TPR proposes to regulate the new regime.

Watch the recording of our webinar where we discussed:

• A quick round up on a myriad of consultations and the current timeline
• What TPR’s draft funding code means for schemes
• How schemes can use TPR’s proposed ‘Fast Track’ approach
• What it means to ‘go bespoke’
• Next steps for trustees and corporate sponsors

We discussed with David any outstanding questions, as well as the issues important to you.

Who should view the recording: Trustees and corporate sponsors of defined benefit and hybrid pension schemes that fall under the Scheme Funding regime.

Speakers

The Pensions Regulator's General Code is coming. This will introduce new pension scheme governance requirements. It addresses the governance requirements arising from the UK’s implementation of IORP II and reflected in UK legislation which expects trustees to have an “effective system of governance” (“ESOG”) and for schemes with 100 members or more to complete an “own risk assessment” (“ORA”) to assess the ESOG.

We'll be running a webinar as soon as the new code is released to explain the requirements and what you can do to ensure you are compliant.