The impact of TPR's 2023 Annual Funding Statement

Overview

The Pensions Regulator (TPR) published its 2023 Annual Funding Statement on 27 April.

As DB funding continues to improve, the 2023 Annual Funding Statement increasingly speaks to schemes that are well-funded and close to buy-out, as well as those focussed on repairing deficits. TPR is encouraging trustees’ thinking on long-term planning, protecting gains and, if insurance is the goal, getting buy-out ready. 2023 is set to be a very busy year in the risk transfer market as many schemes re-assess their end game journey plans and seek quotations.

High inflation, high interest rates and slow economic growth all affect pension scheme funding and sponsoring employers. Whilst investment changes and longevity uncertainty throw up other questions, giving you plenty to think about.

Watch our webinar on-demand as our panel of experts including Ryan Cox (Covenant and Financial Analysis) and Fiona Etheridge (Pensions Actuary) from The Pensions Regulator:

• provide an overview of this year's Statement;

• discuss key themes for investment strategy, covenant reviews and endgame; and

• look at what all this means for 2023 valuations, longer term planning and getting buy-out ready.

Don't worry if you can't join live, sign up anyway and you'll be able to access the webinar on-demand, at a time convenient to you. In the meantime, if you have any questions, please don't hesitate to get in touch.