Pensions - Articles - BW comments on tPR’s Dockland Light Railway investigation

 "While the Pensions Regulator is willing to put its powers on hold to enable trustees of a well-governed scheme to reach an agreement with the sponsoring employer, late valuations should be the exception rather than the rule.
 “We expect that in the current challenging conditions, and while trustees are getting to grips with the Regulator's new guidance on scheme funding and monitoring the employer covenant, trustees and employers may face protracted negotiations regarding funding.

 “Schemes may wish to prepare early, even in advance of the valuation date, to ensure they are able to meet statutory deadlines.
 “This might mean obtaining estimates of funding levels to help trustees and employers understand the deficit, and to assist employers with budgeting for a likely increase in deficit contributions."