New code of practice for funding defined benefit schemes
By Louisa Knox
The Pensions Regulator has published its revised draft code of practice for funding defined benefits. The revised code is expected to take effect on 22 July 2014.
In this article, we look at the principles set under the new code, in which the regulator has taken account of its new statutory objective to minimise any adverse impact on the sustainable growth of an employer. The aim is to achieve more flexibility in the funding regime and to allow for investment and growth.
Focusing on an integrated risk management approach is the cornerstone of the new code. The code is intended to be principles based rather than prescriptive — whether that will be borne out in practice will be seen over time…
Click on the link below to read the rest of the Shepherd and Wedderburn briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Shepherd and Wedderburn
News from The Lawyer
Briefings from Shepherd and Wedderburn
Implications for public sector pensions, and the local government pension scheme in particular.
The practical application of e-tools when a company suspects it has been the victim, or perpetrator, of dodgy behaviour.
Analysis from The Lawyer
With banking, personal injury and M&A all down, law firm mergers are in the bracing Scottish air