On this page...
- 2017 statements
- 2016 statements
- 2015 statements
- 2014 statements
- 2013 statements
- 2012 statements
- 2011 statements
- 2010 statements
- 2009 statements
- 2008 statements
Annual defined benefit funding statement 2017 (PDF, 104kb, 12 pages)
Published: May 2017
This statement is relevant to trustees and employers of all defined benefit (DB) pension schemes but is primarily aimed at those undertaking valuations with effective dates in the period 22 September 2016 to 21 September 2017 (2017 valuations).
Prohibition orders (PDF, 125kb, 9 pages)
Published: July 2016
This statement explains the policy the regulator will adopt in exercising its power to prohibit a person from being a trustee if the Determinations Panel is satisfied that they are not a 'fit and proper' person.
Market volatility following the EU referendum: guidance statement from TPR
Published: July 2016
Sets out our main messages and key areas for action to trustees of DB and DC pension schemes in light of the recent referendum vote in favour of leaving the EU.
Changes to State Pension age and communications with members (PDF, 61kb, 1 page)
Published: June 2016
Information for trustees from the Department for Work and Pensions (DWP) about changes to the State Pension age.
Annual defined benefit funding statement 2016 (PDF, 89kb, 8 pages)
Published: May 2016
This statement is relevant to trustees and employers of all DB pension schemes but is primarily aimed at those undertaking valuations with effective dates in the period 22 September 2015 to 21 September 2016 (2016 valuations).
Summary of the key messages from the annual funding statement 2016 (PPT, 187kb)
This presentation summarises the key messages from this year’s annual funding statement and can be downloaded to use in meetings and discussions.
Annual funding statement analysis 2016 (PDF, 284kb, 39 pages)
A review of DB pension schemes with valuation dates between September 2015 and September 2016 (Tranche 11).
- Summary of the key messages from the annual funding statement 2016 (PPT, 187kb)
Notes for insolvency practitioners: trustees and statutory notices statement (PDF, 43kb, 5 pages)
Published: September 2015
Assists insolvency practitioners (IPs) to understand The Pensions Regulator’s views on scheme trustee appointments and statutory obligations to notify.
Annual defined benefit funding statement 2015 (PDF, 151kb, 10 pages)
Published: May 2015
Sets out our key messages on current market conditions and how trustees and employers can agree appropriate funding plans which protect members’ benefits without undermining the sustainable growth of the employer.
Annual funding statement analysis (Tranche 8 review) (PDF, 290kb, 34 pages)
An overview of funding outcomes for DB schemes with effective valuation dates in the period between 22 September 2012 and 21 September 2013 (Tranche 8).
Annual funding statement analysis (Tranche 10 expected positions) (PDF, 999kb, 36 pages)
A look forward to DB pension schemes with valuation dates between September 2014 and September 2015 (Tranche 10).
- Annual funding statement analysis (Tranche 8 review) (PDF, 290kb, 34 pages)
'Bridge statement' – Changes to the definition of money purchase benefits (PDF, 69kb, 5 pages)
Published: July 2014
From 24 July 2014, section 29 of the Pensions Act 2011 (‘2011 Act’), which amends the statutory definition of money purchase benefits contained in section 181 of the Pension Schemes Act 1993, comes into effect.
Annual defined benefit funding statement 2014 (PDF, 76kb, 6 pages)
Published: June 2014
Sets out our key messages for DB schemes undertaking 2014 valuations in light of current market conditions.
Scheme funding analysis (Tranche 7 review) (PDF, 320kb, 20 pages)
A review of valuation and recovery plans for DB scheme valuations with effective dates in the period September 2011 to September 2012 (Tranche 7).
Scheme funding analysis (Tranche 9 expected positions) (PDF, 582kb, 27 pages)
Our analysis of the expected positions as at March 2014 of DB pension schemes with valuation dates between September 2013 and September 2014 (Tranche 9).
- Scheme funding analysis (Tranche 7 review) (PDF, 320kb, 20 pages)
2014 Budget: update for DC pension schemes (PDF, 72kb, 5 pages)
Published: April 2014
For trustees of occupational, trust-based, DC schemes and others involved in their governance and administration, to help them understand some of the key measures announced in Budget 2014 and what this may mean for schemes and members.
Identifying your statutory employer (PDF, 80kb, 12 pages)
Published: December 2013
This statement is aimed at the trustees of schemes with defined benefits and their advisers, to help them understand why it's important to be clear who legally stands behind their scheme, and what they need to do.
Statement on double counting - section 75 debts / scheme funding obligations (PDF, 99kb, 11 pages)
Published: October 2013
This statement is aimed at trustees and employers of multi-employer defined benefit (DB) schemes, and their advisers. These are the schemes where double counting is most likely to arise. It will also be of interest to trustees of other DB schemes.
Statement on Uniq - revised Section 89 report (PDF, 108kb, 2 pages)
Published: May 2013
Statement from the regulator about the revised Section 89 report on the Uniq pension scheme.
Uniq - revised Section 89 report (PDF, 96kb, 5 pages)
Published: March 2012
The regulator's role and the types of factors the regulator may consider when deciding whether or not to grant clearance or approve a regulated apportionment arrangement (revised May 2013).
- Uniq - revised Section 89 report (PDF, 96kb, 5 pages)
Annual defined benefit funding statement 2013 (PDF, 90kb, 8 pages)
Published: May 2013
Statement to help trustees and sponsoring employers to agree valuations and deficit recovery plans that protect the interests of savers, whilst also being affordable for employers.
Supporting analysis and evidence (PDF, 603kb)
Analysis of the landscape affecting 2013 valuations.
Research report on the 2013 scheme funding statement (PDF, 772kb, 45 pages)
Findings from the quantitative survey that we conducted following the publication of our DB annual funding statement 2013.
- Supporting analysis and evidence (PDF, 603kb)
Incentive exercises (PDF, 56kb, 6 pages)
Published: July 2012
Statement for employers considering an incentive exercise, the trustees of the affected defined benefit schemes and those who advise them
Annual defined benefit funding statement 2012 (PDF, 121kb)
Published: April 2012
Statement for trustees and employers of defined benefit (DB) schemes setting out the regulator's views on acceptable approaches to the valuation process in the current economic environment
Scenarios for scheme funding plans in the current economic conditions (PDF, 339kb, 8 pages)
Three scheme scenarios which illustrate how we see the approaches set out in our annual funding statement working in practice
Research report on the 2012 scheme funding statement (PDF, 84kb)
Published: May 2013
Summary of research findings relating to the statement on scheme funding in the current environment.
- Scenarios for scheme funding plans in the current economic conditions (PDF, 339kb, 8 pages)
The role of trustees in DC schemes (PDF, 85kb, 9 pages)
Published: October 2011
Statement reminding trustees of the key differences between defined benefit (DB) and defined contribution (DC) schemes
Improving administration standards: The Pensions Regulator's expectations (PDF, 95kb, 6 pages)
Published: March 2011
Statement clarifying the regulator's approach to scheme administration and our expectations of schemes and the wider industry
Improving pension scheme administration: how NISPI can help (PDF, 117kb, 3 pages)
Published: February 2011
Statement setting out how The Pensions Regulator and the National Insurance Services to Pensions Industry (NISPI) will be working more closely together to improve administration standards
Member record-keeping: what trustees can expect from statutory auditors (PDF, 138kb, 4 pages)
Published: February 2011
Statement helping trustees to understand the extent and limits of the auditor's work in a statutory pension scheme audit
The importance of good scheme administration (PDF, 60kb, 4 pages)
Published: February 2011
Statement for trustees and administrators on the importance of scheme administration in enabling good outcomes from pensions saving
Employer related investments (PDF, 88kb, 6 pages)
Published: November 2010
Statement setting out what trustees should consider when potentially at risk of breaching restrictions relating to employer related investments
Regulated apportionment arrangements (RAAs) and employer insolvency (PDF, 57kb, 3 pages)
Published: August 2010
Statement describing the process to be followed for RAA applications
Enhanced transfer value exercises (PDF, 91kb, 3 pages)
Published: July 2010
A joint statement by the Financial Services Authority (succeeded by the Financial Conduct Authority and Prudential Regulation Authority in April 2013) and The Pensions Regulator setting out a strengthened position on transfer incentives
Understanding employer support for defined benefit (DB) schemes (PDF, 71kb, 4 pages)
Published: June 2010
Sets out the regulator's main expectations of trustees with regard to the employer covenant
Understanding and managing the risks of securities lending (PDF, 215kb, 3 pages)
Published: January 2010
Help for trustees in understanding the specific investment practice of ‘securities lending’ and managing the risks involved for schemes
Statement by the Pensions Regulator on the treatment of pension deficits in schemes sponsored by employers subject to price regulation (PDF, 48kb, 2 pages)
Published: December 2009
Pension deficits can be a significant issue for employers subject to price regulation, for example in those industries providing monopoly infrastructure services
Good governance - keeping pensions safe (PDF, 315kb, 3 pages)
Published: November 2009
Good scheme governance underpins secure pensions and enables the effective management of risk
Scheme funding and the employer covenant (PDF, 348kb, 6 pages)
Published: June 2009
The importance of trustees and advisers continuing to focus on proper consideration of the employer covenant in setting prudent funding targets and appropriate recovery plans
Alert to risks in the economic downturn (PDF, 137kb, 3 pages)
Published: April 2009
High standards of professionalism demonstrated by those responsible for running and advising pension schemes remain of critical importance in the current economic climate
Statement to employers sponsoring defined benefit (DB) schemes (PDF, 234kb, 3 pages)
Published: February 2009
Statement reassuring employers that the current scheme funding regime is flexible enough to cope with the impact of the economic downturn
Statement to trustees about current financial pressures (PDF, 171kb, 4 pages)
Published: October 2008
Statement setting out The Pensions Regulator’s general position with regard to developments in financial markets and the implications for pension schemes
How The Pensions Regulator will regulate the funding of defined benefits (PDF, 199kb, 24 pages)
Published: September 2008
Statement informing trustees, employers and their respective advisers on how the regulator will regulate the funding of defined benefits
The regulation of schemes in wind-up and in a Pension Protection Fund assessment period (PDF, 138kb, 10 pages)
Published: June 2008
A joint statement by The Pensions Regulator, the Pension Protection Fund and the Financial Assistance Scheme (as part of the Department for Work and Pensions)