Final DB scheme funding regulations confirmed by the DWP

'It is particularly important that funding standards are crystal clear'

Holly Roach
clock • 1 min read

Regulations which set out the requirements for defined benefit (DB) pension schemes when determining their funding and investment have been published today (29 January) by the Department for Work and Pensions (DWP).

The final regulations  - the Occupational Pension Schemes (Funding and Investment Strategy and Amendment) Regulations 2024 - are set to come into force from April and will apply to scheme valuations from September. The DWP said revisions to the code since it was in draft stage include making clearer the flexibilities that were intended, and providing assurance that the investment in the sustainable growth of sponsoring employers' businesses is a matter to consider alongside the affordability principle. Also, making it explicit that open schemes can take account of new entrants and fut...

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