The Pensions Regulator releases new research illustrating issues in smaller DB schemes
Trustees Agenda posted on 11 September, 2018
New research published by the Pensions Regulator (tPR) has revealed that 92% of trustees and 87% of employers have read tPR's funding code of practice or a summary of it, with a large majority of trustees and employers meeting each of tPR's expectations under the working collaboratively principal.
This research also revealed that although the majority of DB savers are in well-run larger schemes which exhibit year-on-year improvements, smaller DB schemes are falling behind in terms of their governance and meeting the principles of tPR's funding code.
In response to the issues raised by this survey, tPR is pledging more proactive involvement with smaller schemes to ensure standards are met. The Regulator also warned that schemes which do not act upon feedback from tPR may face further action