Draft Occupational Pension Schemes (Funding and Investment Strategy and Amendment) Regulations 2023

Summary:

The consultation outcome document provides a response to the draft Occupational Pension Schemes (Funding and Investment Strategy and Amendment) Regulations 2023. The document outlines the views raised by respondents, and the final draft of the Occupational Pension Schemes (Funding and Investment Strategy and Amendment) Regulations 2024. The consultation aimed to gather views on the draft regulations, which set out the detail of new requirements for defined benefit pension schemes to have a funding and investment strategy and submit a statement of strategy to the Pensions Regulator. The consultation also invited comments on proposals to amend the Occupational Pension Schemes (Scheme Funding) Regulations 2005 and the requirement for defined benefit schemes to appoint a Chair. The outcome includes a summary of the views raised and the final draft regulations.