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The new Funding Code

At the end of 2022, The Pensions Regulator published its long-awaited draft Funding Code and consultation.

The code is not meant to significantly impact well-run schemes. There is however a lot of detailed information to absorb, as well as ambiguity as to how everything fits together.

Our experienced team explain the key points in four short bitesize videos.

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Funding Code at a glance

In this video we share a high-level summary of the Funding Code including the twin-track approach to regulation.

 

Video: 3 minutes 45 seconds

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How to assess covenant under the Funding Code

In this video we look at how trustees are expected to look at covenant under the new code.

 

Video: 3 minutes 25 seconds

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How to factor covenant into journey planning

Covenant is the ultimate underpin for scheme risks, so it makes sense that the new regulations and code are putting covenant at the heart of journey planning.

We talk through TPR’s proposed approach and our existing approach for integrating covenant and journey planning.

 

Video: 4 minutes 30 seconds

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Getting ready for the new Funding Code

We would urge trustees to start getting ready now for the new funding code as the underlying principles are not likely to change.

We share 10 questions to help you think about your specific situation.

 

Video: 3 minutes 10 seconds

Journey planning and integrated risk management Survey

Are you a pension Trustee or  Pensions Manager? Take part in our survey to help uncover key trends as we approach a year of big regulatory change.

Respondents will be entered into our FREE prize draw to win £100 of retail vouchers or £100 donation to a charity of your choice.