With The Pensions Regulator (TPR) continuing to be clearer, quicker, tougher, its 2019 Annual Funding Statement explicitly sets out what you're expected to consider to better manage risk and avoid regulatory intervention. It’s important that you understand what this means for your scheme.
These expectations are 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 creates a further layer of segmentation.
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.