The Pension Regulator’s (TPR’s) draft DB funding code is coming into force on 1 April 2024.

This code outlines how pension schemes should de-risk and allocate investments towards low-dependency funding. It emphasises the importance of employer covenant, which impacts investment strategy and compliance with the code.

To help you understand the potential challenges the Fast Track requirements pose, we have outlined a base case that meets them and then explored variables that could make compliance more difficult. This case study give insights on how to overcome these challenges while still ensuring compliance with the broader requirements of the code.

Gain a comprehensive understanding of the code’s provisions and discover effective strategies to navigate the changing landscape of pension schemes in our case study.