This is a transcript of the Annual Funding Statement 2020 infographic with key messages from our Annual Funding Statement 2020.
Annual funding statement
How to approach DB valuations and funding
Trustees
- Engage and work with your employer.
- Set long-term funding targets and journey plans.
- Get independent advice to support covenant assessments.
Employers
- Support trustees and advisers when assessing employer covenant.
- Provide regular updates on your outlook and contingency planning.
- Document your position regarding the treatment of your schemes.
What you can expect from us
- Reasonable, pragmatic and proportionate approach to regulation.
- We will consider specific flexibilities or restrictions.
- A refocus on our supervisory activity.