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Defined benefit

Trustees

You should work openly and transparently with the sponsoring employer to ensure your scheme is run and funded effectively. In order to have the best chance to be in a position to pay members' benefits, you will need to manage risks to the scheme and understand how they affect each other.

Business advisers

You should help your clients to run their scheme in line with the principles of the updated code. You will need to advise clients on processes that oversee, monitor and mitigate risks effectively.

Employers

You should work collaboratively with the trustees to understand the risks to your scheme and explore how you can best meet your funding obligations whilst still investing in sustainable business growth.

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