XPS: Long-term TPR funding targets could add £260bn to scheme liabilities
The introduction of long-term funding targets for defined benefit (DB) schemes could create an accounting gap of £260bn between the liabilities reported by companies and schemes, XPS Pensions has warned.
The advent of such targets is expected either this year or next, with The Pensions Regulator (TPR) expected to publish rules and guidance on what these targets should be and how can they be arrived at....
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