Pensions Regulator postpones scheme funding mortality changes | Practical Law
The Pensions Regulator has announced that it is postponing changes to its guidance for trustees on the mortality assumptions they should use under the scheme-specific funding regime. In February 2008, the Regulator issued a consultation paper which proposed good practice guidance for trustees when choosing mortality assumptions for their schemes' technical provisions, and set out specific triggers which could lead to regulatory intervention (see Legal update, Pensions Regulator consults on good practice when choosing assumptions). The proposed changes were due to apply to scheme recovery plans based on valuations with effective dates from March 2007 onwards.