• Jump to main content
  • Jump to main navigation
  • About us
  • Careers
  • Media Centre
  • Contact
  • The Brain
Hymans Robertson
  • Pensions
    • Back to Main Menu
    • Defined Benefit Consulting
      • DB Actuarial
      • DB Investment
      • DB Pensions Administration
      • DB Risk Transfer
      • DB Member Choice – At retirement
      • DB Governance
      • DB Consolidation
      • DB Wind-up
      • DB Endgame Strategy
      • Expert Actuarial Services
      • Fiduciary Oversight
      • Climate Change Services
      • Responsible Investment
      • Project Planning and Management
    • Defined Contribution Consulting
      • DC Pension Strategy
      • DC Scheme Structure
      • DC Investment
      • DC Engagement
      • DC Member Choice - At-retirement
      • DC Governance
      • Guided Outcomes
      • DC Master Trusts
      • Benefits and Rewards Strategy
      • Project Planning and Management
      • Climate Change Services
      • Responsible Investment
      • Communications
    • Public Sector Consulting
      • LGPS Actuarial
      • LGPS Investment
      • LGPS Governance, Administration and Projects
      • LGPS Employers
      • LGPS Online Learning Academy
      • Ill Health Liability Insurance
      • Climate Change Services
      • Responsible Investment
  • Financial Services
    • Back to Main Menu
    • Insurance
      • Longevity Management
      • Product Development
      • Risk and Capital Management
      • Investment and ALM
      • Property and Casualty
      • Regulated Roles
      • Insurance Transactions
      • Project Planning and Management
    • HRIS
      • Tailored Portfolio Service
    • Pension Providers
      • Digital Tools and APIs
      • Competitive Benchmarking
      • Proposition development
      • Operational Support
    • Digital Wealth
      • GO™ For Investment Pathways
      • Economic Scenario Service
      • API Catalogue
      • Strategic Asset Allocation
  • Digital & Innovation
    • Back to Main Menu
    • Digital & Innovation
      • API Catalogue
      • Economic Scenario Service
      • Digital Products
      • PRISM - Digital Pension Administration
    • Economic Scenario Service
      Explore the consequences of today's business decisions
    • Digital and Innovation
      We apply data science, technology expertise and innovation to help our clients build a better financial future.
  • Insights
    • Back to Main Menu
    • See all Insights
      • Webinars
      • Podcasts
      • Research and Publications
      • Blogs
      • Case studies
      • Press Releases
      • Events
    • Webinars
      Register for upcoming webinars as well as visiting our extensive webinar replay library.
    • All Insights
      See our latest thinking.
  • Team
  • About us
  • Careers
  • Media Centre
  • Contact
  • The Brain
  • Search

Our website uses cookies (what’s this?). These cookies allow us to distinguish you from other users of our website, which helps us improve our website and to deliver many of the functions that make your browser experience more user-friendly. Some of the cookies that we use are essential for parts of the website to operate. By using this website you agree to our use of cookies. To find out more, including how to opt out, please read our Cookies Policy.

OK

Fast Track or Bespoke?

Which approach is right for you? 

The Pensions Regulator (TPR) published their first consultation on the new DB Funding Code of Practice back in March, introducing a new twin track approach for demonstrating compliance.

Our new interactive tool will help you quickly identify whether your current strategy is more suited to the ‘Fast Track’ or ‘Bespoke’ route.  

Fast track or bespoke?

Give our Fast Track tool a try now!

By combining elements such as your scheme’s employer covenant, maturity, and funding and investment plans, our tool quickly assesses how your scheme compares against each of the TPR’s proposed Fast Track tests. The results will highlight what aspects pass or fail, potential areas for improvement and what the additional cost of compliance could be.

We hope this helps you to navigate the upcoming regulatory change and to plan and prioritise next steps. We recommend you read the information below before you start.

Get started

Before you get started

You will need the following information to use this tool (approximate figures are fine, as this is an approximate model).

  • Your sponsor covenant rating
  • A Technical Provisions (TP) liability value and discount rate
  • The proportion of your liabilities that relates to pensioners
  • Current asset value, with its allocation to growth/income assets and hedging level
  • Recovery plan length and annual amounts

TPR has not yet disclosed the final parameters for Fast Track, but this model can help you understand which areas you may need to focus on.

Related content

Current Issues - July 2022

Publications 01 Jul 2022

DB Schemes give extra focus on ESG in risk transfer decisions

News 24 Jun 2022

Direct Lending, a Decade On

Podcasts 22 Jun 2022

To buy-out or not to buy-out, is that the question?

Webinars 20 Jul 2022

Subscribe to our news and insights

Menu

About

    • Abelica Global
    • About us
    • Award-winning advice
    • Careers
    • CSR
    • Diversity & Inclusion
    • Our Centenary

Legal

  • Accessibility
  • Modern Slavery Act Transparency Statement
  • Trust centre
  • Privacy notice
  • Terms of use

Resources

  • Conflicts of Interest
  • Coronavirus (COVID-19)
  • Responsible Investment
  • Gender Pay Gap
  • Sitemap

Contact

  • Our offices
  • Get in touch
  • Subscribe
    • Visit us on Linkedin
    • Visit us on Twitter
    • Visit us on Instagram
    • Visit us on Vimeo
    • Visit us on Spreaker
Hymans Robertson

Copyright © 2022 Hymans Robertson LLP. All rights reserved.