Industry welcomes 'balanced approach' of new DB funding code of practice

Code offers regulatory certainty but industry ‘not fully clear of the tunnel just yet’

Jonathan Stapleton
clock • 8 min read
Joe Dabrowski: The final draft code provides greater clarity and flexibility
Image:

Joe Dabrowski: The final draft code provides greater clarity and flexibility

The Pensions Regulator (TPR) has taken a “balanced approach” to the final draft of the defined benefit (DB) funding code, the industry says.

The code – which was laid before parliament this morning – sets out to trustees, sponsoring employers and advisers TPR's guidance and expectations on how to comply with the funding and investment s...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

Growth in DC pots likely to lead to increased fraud risk, pensions minister says

Growth in DC pots likely to lead to increased fraud risk, pensions minister says

Torsten Bell says expanding DC pots will attract increased attention from fraudsters

Martin Richmond
clock 10 June 2026 • 2 min read
Industry praises consultation on DB surplus release

Industry praises consultation on DB surplus release

Sector welcomes the additional clarity but warns ‘the devil will be in the detail’

Holly Roach
clock 10 June 2026 • 10 min read
Industry backs revised transfer regs but calls for 'clear and practical' guidance

Industry backs revised transfer regs but calls for 'clear and practical' guidance

Industry welcomes key changes to traffic-light transfer conditions

Jonathan Stapleton
clock 10 June 2026 • 5 min read
Trustpilot