The Pensions Regulator has launched its consultation on a revised code of practice and regulatory approach to funding defined benefit pension schemes. The consultation period closes on Friday, 7 February 2014 and we expect that the new code to be in force by July 2014.
You’ll find the consultation guidance release on the Pensions Regulator website, which also links to the regulating defined benefit pension schemes consultation (which has the three consultation documents).
This short summary highlights our key observations after reviewing the consultation documents.
This article represents the views of the author only, and does not necessarily represent the views or professional advice of KPMG in the UK.