30% of trustees will risk TPR 'triggers'

Findings from Mercer Human Resources Consulting’s ‘Statutory Funding Objective (SFO) Valuations Survey’ reveals out of 230 pension schemes which were studied, 49 have so far presented scheme-specific funding plans to the Regulator. The SFO requires trustees to set scheme specific funding targets, but as no precise rules have been set out by the Regulator for the appropriate level of target Mercer says it has ‘hinted’ at its preferences by setting ‘trigger points’ below which point schemes could be subject to additional investigation. Tim Keogh, worldwide partner at Mercer, says: “The da...