The Pensions Regulator has announced further changes to the schedule for its work after the Department of Work and Pensions yesterday announced it is extending the deadline for compliance with EU rules on scheme-specific funding to 30 December.
This is the second time the DWP has put back the deadline for implementing regulations under the EU Pensions Directive which were due to come into force on 23rd September. When they do come into force, the regulations for SSF will replace the minimum funding rule which currently regulates how many assets a company must hold to meet pensions liabilities. The Pensions Regulator says it will publish the Funding Defined Benefits Code of Practice once the regulations are published by the DWP, to ensure the code accurately reflects the regulations. Specimen funding documents designed to ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes