Pensions - Articles - TPRs Scheme funding analysis 2023

 The tables in the annex are prepared in accordance with the UK Code of Practice for Official Statistics.

 The update is based on tranche 16 schemes with effective valuation dates falling from 22 September 2020 to 21 September 2021 inclusive.[1] These valuations fall within the sixth triennial cycle of scheme funding with due dates for receipt falling within the period December 2021 to December 2022.

 This report shows funding trends in the context of market conditions, assumptions and scheme characteristics that impact on valuations. It also describes reported arrangements for recovery plans, employer contributions and contingent security.

 The report is comprised of several sections. Specifically, Section 2 summarises the key figures in the current tranche. Section 3 discusses market conditions associated with the current tranche. Funding levels are summarised in Section 4 and funding strategies are summarised in Section 5. Valuation assumptions are reported in Section 6. Data summaries (tables) contained in the annex provide more detail on the high-level trends presented in this document. Note that tranche 16 schemes belong in the cohort with tranches 1/4/7/10/13, meaning comparisons with other years will generally be limited to these tranches.

 The Pensions Regulator's Scheme Funding Analysis - Full Report