Hogan Lovells

Key Dates

Interim response issued on 14 January 2021.

Consultation paper issued on 3 March 2020.

Pensions Regulator blog in relation to DB funding issued on 8 December 2020.




Summary

The Pensions Regulator has issued an interim response to its consultation last year on a revised defined benefit (DB) funding code.  The consultation was issued in March 2020 but the time for responses was extended to September 2020 to make allowances for the disruption caused by Covid-19. 

Areas the 2020 consultation asked for views on included:

Concerns raised in responses to consultation included:

Second consultation

A further consultation is planned, expected to cover the draft code of practice itself and details of the Regulator’s proposed regulatory approach, including:

The Regulator expects to issue its further consultation in the second half of 2021, after the Pension Schemes Bill completes its passage through Parliament and the DWP has consulted on draft regulations (expected for the first part of 2021).



Date Accessed: 03/12/2021