Implications of the new pensions funding and investment regime
Implications of the new pensions funding and investment regime
03 Mar 2023
New requirements for defined benefit schemes to have long-term funding and investment strategies are expected to come into force from 1 October 2023.
By the time they are significantly mature, schemes will need to be fully funded on a low dependency basis and follow a low dependency investment strategy. The significant rise in yields in 2022 has reduced the durations of many schemes so it is important to understand how much time you have until significant maturity, and how the new regime will affect your scheme and business.