TPR's 'universally applicable' principles for DB

The principles that will govern the watchdog's DB regulation in future

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The Pensions Regulator's draft code on defined benefit funding sets out nine high-level principles it believes are universally applicable to DB schemes. They are:

Working collaboratively: Trustees and employers should work together in an open and transparent manner to reach funding solutions that recognise the needs of the scheme and the employer's plans for...

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