DB funding code

The industry has responded to TPR’s DB funding code consultation

A separate consultation on the ‘fast track’ approach has also been published

David Fairs says long-term funding remains key part of the watchdog’s approach

Alison Hatcher looks forward to a year of consolidation, but most importantly, no shocks

Aon says lack of flexibility could have unintended consequences for schemes

Legislating schemes to buy gilts to match their liabilities could worsen systemic risks

Schemes call for flexibility on contingent assets and allowances for open schemes

Second consultation set for autumn with code to be operational from September 2023

Regulator says it will engage with industry to explain how its thinking has changed and why

Revised DB funding code was initially expected to launch by end of 2021