TPR updates DB covenant guidance

Guidance for DB trustees is aligned with regulator’s funding code

Holly Roach
clock • 7 min read
TPR updates DB covenant guidance

The Pensions Regulator (TPR) has updated its guidance on defined benefit (DB) covenant, in a bid to “deliver better saver outcomes”.

The regulator's guidance for DB trustees is aligned with its funding code and was revised to provide the market with "greater certainty over how TPR expects trustees to assess their employer covena...

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