Funding code changes for final salary schemes delayed until April 2024

In its new corporate plan for 2023/24, TPR said the launch of its DB funding code, which was originally due to be published later this year, would be pushed back until the first half of 2024. The code is set to be the biggest change in DB funding and investment strategies in almost two decades and covers all aspects of funding including covenant, investment and the actuarial valuation process. In December, the regulator published its draft funding code of practice and consultation - noting the final regulations and code were planned to come into force in October 2023. The delay - c...