The Pensions Compass - February 2023

Following the problems with the BHS scheme and other schemes in 2016 and later, the Government decided to tighten DB Schemes’ approach to funding, scheme investment and covenant. Some five years later this is reflected in Pension Schemes Act 2021. However, these provisions are still not in force as they depend on: The Funding Strategy Regulations being made; and TPR’s revised DB Funding Code of Practice. Read on to discover more