New TPR blog post: DB funding consultation The Pensions Regulator (TPR) has published a ‘myth-busting’ blog post commenting on its first DB funding code consultation. It notes that TPR is still considering responses to the consultation and has not firmed up its proposals for its next consultation (and that, in any event, the new regime will depend on the relevant legislation which is not yet in place – that is, both the Pension Schemes Bill, and regulations made under it). The blog post also comments on some specific issues, including the treatment of open DB schemes compared to closed schemes, de-risking and liquidity.