Last year, The Pensions Regulator’s (TPR) Annual Funding Statement explicitly set out what you were expected to consider to better manage risk and avoid regulatory intervention. These expectations were set out by grouping schemes into segments, A to E, based on three criteria: employer covenant, recovery plan length, and strength of funding target. Scheme maturity, then created a further layer of segmentation.
The 2020 Annual Funding Statement continues to segment employers into these categories to be clearer about what it expects. Providing additional guidance on dealing with the impact of COVID-19 whilst continuing to help schemes focus on long term planning and managing risks.
In just five simple steps, our segment identifier can tell you which of TPR’s segments is most relevant to your scheme and the key actions you should be taking on covenant, investment and funding in response.
Don't worry if you don't know the exact numbers, approximate figures are all we need.
Please note the outputs from this tool are intended for Trustee or Employer use only. Any outputs sent to you upon completion of this tool do not constitute a definitive analysis of the subjects covered and should not be regarded as a substitute for specific advice nor should it be relied upon. Hymans Robertson LLP accepts no liability for errors or omissions or reliance upon any statement or opinion.