TPR: The fundamental principles of DB

The nine key points from the regulator's new code of practice

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The Pensions Regulator (TPR) has published a set of "broad principles" for running defined benefit (DB) schemes as part of its latest code of practice.

The nine principles are: • Trustees and employers should work together in an open and transparent manner • Trustees should manage funding, covenant and investment risks in a way which takes a...

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