The scheme funding consultation gives a clear indication of TPR's expectations of trustees, schemes & sponsors around long-term funding targets and journey planning. However, it will still be sometime yet before the new regime is fully in force. Ahead of the expected release of the draft code later this year, and following publication of TPR’s latest thinking in their ‘Annual Funding Statement’, we will explore the key considerations. This will include how to approach valuations currently in progress and how you can position your scheme to take full advantage of the ‘Fast-Track or ‘Bespoke’ approach.
We reserve the right to decline registrations in line with our policy.