Sections

The Pensions Regulator

Regulatory guidance

Regulatory guidance

Clearance

Part I – type A events

  1. It is clear that there are many events that could be detrimental to the ability of a scheme to meet its liabilities. However, in line with its commitment to operate in a risk-based and proportionate manner, the regulator expects a clearance statement to be sought only in relation to type A events. Type A events are all events that are materially detrimental to the ability of the scheme to meet its pension liabilities. Employer-related events will only be type A events if the scheme has a relevant deficit. Scheme-related events are always type A events regardless of whether the scheme has a relevant deficit.