TPR will not set firm ratio for dividends and DRCs
Employers whose dividend to deficit recovery contribution (DRCs) ratios fall outside the "normal range" should expect to see higher regulatory scrutiny, although no fixed ratio will be set.
The Pensions Regulator (TPR) said, while it plans to be clearer about its expectations, intervention over dividends will be decided on a case-by-case basis. Guidance on what it considers a normal range...
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