The new DB funding
code – the good, the bad and the (potentially) ugly
11 January 2023
The Pensions Regulator (TPR) has published its second major consultation on the new funding and investment regime, including the proposed Funding Code of Practice. This is built on DWP’s consultation on draft funding and investment regulations earlier this year – although these have yet to be finalised, and many commentators including LCP expressed serious concerns with aspects of them.
The combination of the regulations and Code is the biggest shake up of DB pension scheme funding and investment for nearly 20 years.
Watch our on-demand webinar to find out what you need to know about TPR’s consultation on the new code, from both a trustee and a sponsor perspective, and with input from LCP experts across funding, investment and covenant.
As well as focussing on the positive aspects of TPR’s proposals (the good), we cover any challenges we see with what is proposed (the bad) and any potential unintended negative consequences (the ugly). Our webinar includes:
- Key points from the proposed Code
- The expected consequences of the new regime, intentional and unintended – including initial scheme benchmarking
- Our “best guess” at how the regulations and Code will further evolve before being finalised
- Actions trustees and sponsors should take now and over the coming months
1 hour (inc Q&A)