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DB Funding Code regs to be introduced in 2024


By Sophie Smith

The Pensions Regulator (TPR) has confirmed that the Defined Benefit (DB) Funding Code regulations will be introduced in the new year, with TPR’s DB Funding Code to be shared “on the appropriate timeline”.

Asked about the expected timing for the code as part of the Work and Pension Committee’s DB inquiry, TPR interim director of regulatory policy, analysis and advice, Louise Davey, confirmed the code remains on track for the April 2024 launch date


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PLSA ESG 23: ‘Opportunity’ to evolve into narrative-based ESG disclosures

Industry experts have highlighted a potential opportunity to evolve environmental, social and governance (ESG) disclosures from being highly data driven to a more narrative-based approach

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DB trustees urged to prioritise data work amid push to buyout

Defined benefit (DB) pension scheme trustees should be prioritising work to get their data buyout ready, Hymans Robertson has said, warning that data quality has become a key factor for schemes approaching the buyout market

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PLSA ESG 23: Industry has ‘failed’ if it waits for biodiversity regulation

Biodiversity is not something that the pensions industry can wait for regulations on and it has “failed” if it postpones action in anticipation of future regulation, according to Van Lanschot Kempen Investment Management chief investment officer, Nikesh Patel

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Nearly £500m paid to address state pension underpayments

The Department for Work and Pensions (DWP) repaid £497m to individuals impacted by historical state pension underpayments as of 31 October 2023, having identified 82,323 underpayments

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FCA confirms final sustainability disclosure requirements

The Financial Conduct Authority (FCA) has confirmed its new sustainability disclosure requirements for asset managers and FCA-regulated asset owners

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Clara Pensions completes Sears pension deal

Clara Pensions has now completed its agreement with the Sears Retail Pension Scheme, confirming that the pension benefits of the scheme’s 9,600 members have now been transferred into the superfund

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Pension schemes can meet their impact investing objectives while fulfilling their fiduciary responsibility of maintaining satisfactory financial returns, a research paper by Pensions for Purpose has concluded


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