From The Pensions Regulator:
The Pensions Regulator today publishes a
Following a series of nationwide funding workshops, the regulator is setting out its approach to scheme funding valuations and the importance of the employer covenant through the economic downturn.
This message is reinforced with a series of online
Chair of the Pensions Regulator, David Norgrove, said:
“Where sufficient prudence has been built into funding targets, a sensible consideration about the length of the recovery plan and schedule of annual payments can occur.
That’s the balance we need to strike to best secure member benefits for the long-term and to enable employers to play their part in the economic recovery.”
The key points in today’s statement ‘Scheme funding and the employer covenant – prudence, affordability, applying…