Regulator Guides Trustees On Long-Term Pension Funding
Law360, London (March 5, 2019, 4:37 PM GMT) -- Trustees and employers should set out the long-term financial goals that they have set for defined benefit retirement schemes in a clear strategy, which should include information about the investment risks the pension could face, The Pensions Regulator said in guidance published Tuesday.
Trustees and employers should include a long-term funding target in their plans, the regulator said as part of its annual funding statement. The target should be the level of funding that the scheme will need to reduce its dependence on the employer sponsoring the pension and pay out promised returns to its investors. This will make the pension...
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