TPR: Contribution rates and recovery periods to rise following deficit increase

Jonathan Stapleton
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The vast majority of schemes with valuation dates between September 2014 and September 2015 will need to consider extending recovery periods and increasing contribution rates, The Pensions Regulator says.

At a glance TPR says most schemes with valuations this year will see increased deficits  The majority will need to hike contributions over 50%, or extend recovery plans more than three years...

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