TPR’s revised DB Funding Code of Practice applies to all valuations after 22 September 2024, with a new twin track approach for demonstrating compliance. Our updated interactive tool will help you quickly identify whether your current strategy is more suited to the ‘Fast Track’ or ‘Bespoke’ route.
Give our Fast Track tool a try now!
By combining elements such as your scheme’s maturity, and funding and investment plans, our tool quickly assesses how your scheme compares against each of 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.
Before you get started
You will need the following information to use this tool (approximate figures are fine, as this is an approximate model).
-
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.
Related insights
Event
Insurance & Financial Services Annual Conference
Register for our IFS annual conference in London on Thursday 9 October
Webinar
Webinar: The DC provider roundtable
The latest DC provider roundtable with expert speakers from Hymans and the top UK providers
Publication
Our 2024 Stewardship Code Report
Every year, the Financial Reporting Council (FRC) gives organisations the opportunity to become signatories to its Stewardship Code. Now in our fifth year of reporting our stewardship activity, we do so at a time when stewardship and sustainability more generally are being challenged.
Publication
DB surpluses and run-on: a checklist for corporates
We’ve now set out a checklist of actions we think corporates should be taking to future proof their run-on strategies. You can click the button below to read more.
Explore trending insights topics
Related services
Setting your corporate DB endgame strategy
Toolkit for corporate sponsors
Corporate DB
Our clear, simple and straightforward advice helps sponsors navigate a complex environment and achieve better outcomes.
Trustee DB actuarial services
It’s more important than ever to have a robust, long-term plan to pay members' benefits.
