Pensions in a pod (UK): The new DB funding regime – legal and regulatory insights
September 19, 2024
United Kingdom
United Kingdom
United Kingdom
In the latest episode in our monthly podcast series, Jeremy Goodwin and Ele Lovering, were joined by special guest David Fairs, partner at LCP (and former Executive Director of Regulatory Policy, Analysis and Advice at The Pensions Regulator) to discuss the new DB funding regime, which applies to valuations from 22 September 2024.
Their discussion covers key issues related to the new DB funding regime, including:
important changes contained in the final DB funding code
how stringent are the requirements relating to the adoption of a low dependency investment strategy?
the crucial role of understanding the employer covenant in the evolving regulatory environment, and
the treatment of open schemes
They also outline practical steps and immediate actions for trustees to take in response to the new DB funding code.
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