The Regulator’s update on scheme funding

The Pensions Regulator has updated last year’s report into scheme funding where recovery plans have been put in place. This year, data has also been included on applications for clearance – the voluntary process to obtain assurance from the Regulator that it will not use its powers in relation to transactions that affect a pension scheme. The report shows that positive steps have been made to address pension deficits through the scheme funding regime, and that clearance activity is on a downward trend.