Pensions Regulator Pushes Back Funding Code Shake-Up

By Martin Croucher (December 15, 2021, 5:05 PM GMT) -- The U.K.'s retirement savings watchdog said on Wednesday that it will push back a long-awaited shake-up in funding of pension schemes, as experts warned of prolonged market uncertainty over the scope of the changes.

The Pensions Regulator said its second consultation on the defined benefit funding code — which changes the way companies and retirement plans apply for approval from the watchdog for their funding plans — will not take place early next year as planned. It will go ahead in the summer.

TPR had planned to publish detailed draft rules on the code next spring, at the same time as the...

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