The new DB funding code

The Pensions Regulator’s revised Defined Benefit (DB) Funding Code of Practice applies to all valuations after 22 September 2024 – but what does it mean for your scheme? On this hub page, you can find resources to help you plot a route through the regulatory changes.

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4 Themes In TPR’S New Code Of Practice On Funding
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Gearing up for your first valuation under the new DB Funding Code

As of 22 September 2024, The Pensions Regulator's (TPR's) new funding code is now in effect, so any valuations in 2025 will need to comply with the new regulatory requirements. Read our report to help you prepare for your first valuation under the new funding code.

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DB Funding Code: Fast Track or Bespoke?

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

Find out more about our interactive tool

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Funding Code, reprised & revised

Read our briefing note on the Pensions Regulator’s Code of Practice on Funding Defined Benefits. We discuss the backdrop of the Code, what it means for schemes, requirements and more.

Read our Funding Code, reprised & revised

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DB funding code

If you are a trustee or sponsor getting ready for the new code you need to understand its key terms and what they mean. Check our glossary to learn more.

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DB funding code: routes to compliance

TPR offers two routes to compliance. Read our latest guide to see which is best for your scheme.

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DB funding changes move closer

A new framework for funding defined benefit pension schemes will come into force later this year. Where are we now and what details are still to come?

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Understanding TPR’s new DB funding code

The Pensions Regulator (TPR) has released its final DB Funding Code of Practice, representing the most significant shift in defined benefit pension scheme funding and investment regulation in nearly two decades. In this on-demand webinar we delve into the practical implications for your scheme.

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What the new DB funding code means for you

The Pensions Regulator (TPR) has been consulting on its new DB funding code for some time. Read our case study to see what industry experts think.

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Considerations for companies

Now that the revised DB Funding Code of Practice has finally arrived what should companies and DB pension scheme sponsors be considering?

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What the new DB funding code means in practice

The draft DB funding code is coming into force on 1 April 2024. 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.

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