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...

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 Industry

Diversification must not come at expense of fiduciary duty, PMI warns

Diversification must not come at expense of fiduciary duty, PMI warns

CEO Gareth Tancred says allocation to private markets must be ‘measured and transparent’

Holly Roach
clock 21 November 2025 • 2 min read
News Digest: Breaking triple lock could double pensioner poverty, data shows

News Digest: Breaking triple lock could double pensioner poverty, data shows

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 21 November 2025 • 1 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Smart acquires WS Stakeholder scheme, XPS DB funding analysis, TPTIM signs up first external FM client

Professional Pensions
clock 21 November 2025 • 1 min read
Trustpilot