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The draft funding and investment strategies for defined benefit (DB) schemes need greater flexibility to react to everchanging financial conditions, according to Aon.
The draft funding and investment strategy regulations for defined benefit (DB) pension schemes are too prescriptive and not fit for purpose and will worsen system risks by forcing schemes to buy gilts, according to Hymans Robertson.
Pension schemes have called for additional funding code flexibilities, especially as they reach the point of significant maturity.
The second of The Pension Regulator’s (TPR) consultations on the defined benefit (DB) funding code will now be launched in autumn.
The Pensions Regulator’s (TPR) thinking on its new defined benefit (DB) code has evolved significantly, the watchdog’s executive director of regulatory policy, analysis and advice says.