TPR Issues DB Funding Statement

May 25th, 2017

The Pensions regulator has published its annual funding statement (AFS) aimed at trustees and employers of DB schemes. The AFS is primarily aimed at schemes undertaking valuations with effective dates in the period 22 September 2016 to 21 September 2017 (2017 valuations), but is relevant to all trustees and sponsoring employers of DB schemes

The AFS highlights some of the key issues we have identified facing schemes with 2017 valuations. Schemes will have been affected differently by market conditions and the TPRs analysis has identified groups of schemes which have been impacted in particular ways. The TPR has identified actions that trustees and employers falling into those groups should take in light of that impact. Trustees and employers should use the statement to identify whether their scheme falls into those groups and take appropriate action.