UK Pensions Webinar: Pensions Regulator’s 2020 DB funding statement

In a slightly delayed DB Annual Funding Statement against a backdrop of the coronavirus pandemic and the related drama in financial markets, the Regulator sets out what it expects of trustees and employers of defined benefit schemes. The expectations of trustees and employers are to work collaboratively to manage the Covid-related funding risks facing their schemes, and to protect savers’ benefits. The Regulator sets out how it expects schemes to address the current funding difficulties and make clear what it does, and does not, consider compliant behaviour.