XPS Group has launched a new guide to help DB trustees and sponsors respond to the new funding and investment strategy regulations.
All DB schemes now have to comply with these new regulations in their triennial valuations.
This Funding and Investment Strategy (FIS) Companion is a a practical six-part series that aims to be a vital resource as schemes approach triennial valuations under the new regulations and funding code.
The guide covers setting a long-term strategy, covenant considerations, investments, funding and journey planning and includes guidance on fast-track versus bespoke valuations.
XPS Group says these new rules represent on of the biggest regulatory change for UK pension schemes for a generation, and is likely to have a significant impact on almost all DB schemes.
XPS Group senior consultant Pauline McConville says: “Trustees and employers have been grappling with the new funding and investment strategy regulations and are looking for clear practical guidance on what the changes mean for their schemes and what actions they should be considering.
“This was evident in a recent XPS poll which found that over 85 per cent of pension professionals said they needed to know more to feel ready to tackle the new requirements. Our FIS Companion gives trustees and employers the information (and therefore the confidence) they need to explore the changes and be better prepared to engage with their advisors.”
