How the DB pension scheme funding regime is changing has been saved
How the DB pension scheme funding regime is changing
Given that changes to the UK’s defined benefit (DB) pension scheme funding regime were first signposted in a 2018 White Paper you could be forgiven for forgetting that changes were afoot. Indeed, it has been some time (pre-lockdowns in the UK) since we first heard the terms “Fast track” and “Bespoke” from the Pensions Regulator (TPR) and we are still waiting on consultations from both the DWP and TPR.
So, by way of reminder, a summary of what we already know and what we are expecting to come is set out in our briefing note, available to download at the link opposite.