The Pensions Regulator (TPR) is the UK regulator of workplace pension schemes. We make sure that employers put their staff into a pension scheme and pay money into it. We also make sure that workplace pension schemes are run properly so that people can save safely for their later years.
DB schemes have seen significant changes over the last couple of years and, for many, the improvement in funding levels has been a significant turning point.
The Pension Regulator's 2024 Annual Funding Statement shows most schemes have seen material improvements in funding levels and calls for trustees and employers to reassess their long-term objectives.