The Pensions Regulator

Code of practice 03
Funding defined benefits

This code of practice assists trustees who must comply with the requirements found in Part 3 of the Pensions Act 2004 relating to the funding of defined benefits. It also covers duties under the new requirements to disclose information relating to the scheme funding provisions and sets out “reasonable periods” in relation to the provision of certain information.

This code came into force on 15 February 2006.

In this section...

Requirements at a glance

Introduction

Using the code

Preliminary considerations

Approaching the valuation process

Meeting the key statutory obligations

Between actuarial valuations

Providing information to members: the summary funding statement

Appendix A - Corresponding Northern Ireland legislation

Download PDF version of the final code issued (242kb)

Associated links

Links to relevant legislation and professional guidance notes.