BN154 - Annual Funding Statement 2017

Briefing Notes posted on 8 June, 2017

The Pensions Regulator has recently issued the annual defined benefit funding statement for 2017. The statement is particularly aimed at trustees and employers undertaking valuations with effective dates between 22 September 2016 and 21 September 2017. It highlights the key issues the Regulator sees for the 2017 round of valuations and stresses its related guidance on integrated risk management, assessing employer covenant, DB Investment and Code of Practice 3 on funding, all of which the Regulator expects trustees to take into account for such valuations.

This briefing note summarises the statement.