Season One - Scheme Funding

On the 27 March the TPR told trustees to be open to employer requests to suspend or reduce deficit recovery contributions (DRCs) for up to three months as scheme sponsors battle the economic downturn arising from the pandemic.

The update also included an allowance for late submissions of recovery plans, pre-crisis assumptions for ongoing valuations, and suspensions of transfer activity.

This episode will look at how trustees are reacting to changes in scheme funding and how they are dealing with sponsor requests for help with scheme funding.