Source · Select Committees · Work and Pensions Committee
Recommendation 5
5
Accepted
Concerns raised about the reliability of reported pension scheme funding level improvements.
Conclusion
According to TPR the majority of pension schemes emerged from 2022 with improved funding levels. However, external analysis raises questions as to how confident we can be about these improvements. We are concerned that some schemes had their funding levels negatively affected as a result of the events of September
Government response summary AI-generated
TPR is collaborating with the FCA and NCAs to review the effective implementation of LDI guidance, setting clear expectations for trustees, and keeping guidance under review for potential amendments.
Government Response
The government responded to this report on 20 November 2023. No passage in that response could be matched to this conclusion. Read the response document ↗