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Regulatory guidance

Our regulatory guidance is intended to help trustees, employers and others understand what the law requires with regard to regulating pension provision.

You can reproduce the text in any of these publications, as long as you quote the name and title of the publication. And you can reproduce the text on this website, as long as you identify our website as the source of the material.

Abandonment of DB pension schemes

Issued:December 2008

Relevant for: Employers - Professionals - Trustees

This guidance outlines how trustees should deal with a proposal which involves the abandonment of a defined benefit pension scheme....

Assessing and monitoring the employer covenant

Issued:August 2015

Relevant for: Employers - Professionals - Trustees

Provides practical guidance on how to assess the employer covenant of a DB pension scheme as part of an integrated approach to managing scheme risks, monitor the covenant and take action to improve scheme security....

Asset-backed contributions

Issued:November 2013

Relevant for: Professionals - Trustees

This guidance is based on the regulator’s recent experience in relation to asset-backed contributions and sets out our expectations of trustees when considering such arrangements....

Clearance

Issued:March 2010

Relevant for: Employers - Professionals - Trustees

This guidance provides support to trustees and employers when dealing with events that may impact upon their pension scheme, and when there is an application for a clearance statement....

Conflicts of interest

Issued:October 2008

Relevant for: Employers - Professionals - Trustees

This guidance aims to provide educational support for trustees and employers for addressing conflicts of interest. You can read a summary version or the full guidance...

Corporate transactions

Issued:June 2009

Relevant for: Employers - Professionals

The role of the employer and what they need to think about in relation to their scheme if considering a corporate transaction....

Cross-border schemes

Issued:December 2005

Relevant for: Employers - Professionals - Trustees

This guidance sets out the application process for authorisation and approval from the Pensions Regulator for trustees to accept contributions in respect of European members....

Cyber security principles for pension schemes

Issued:April 2018

Relevant for: Employers - Professionals - Trustees

Pension schemes hold large amounts of personal data and assets which can make them a target for fraudsters and criminals. Trustees and scheme managers need to take steps to protect their members and assets against the cyber risk....

DB investment

Issued:March 2017

Relevant for: Professionals - Trustees

Investment guidance for trustees and advisers running schemes that offer defined benefits....

DB to DC transfers and conversions

Issued:April 2015

Relevant for: Employers - Professionals - Trustees

Assists DB pension scheme trustees and managers of private and funded public service schemes to manage transfer requests and their impact....

Incentive exercises

Issued:July 2012

Relevant for: Employers - Professionals - Trustees

The regulator has reviewed its guidance and replaced it with a short principles-based statement for employers considering an incentive exercise, the trustees of the affected defined benefit schemes and those who advise them....

Integrated risk management

Issued:December 2015

Relevant for: Employers - Professionals - Trustees

This guidance provides practical help on what a proportionate and integrated approach to risk management might look like and how trustees could go about putting one in place. It should be read in conjunction with the DB funding code....

Lump-sum death benefits

Issued:June 2006

Relevant for: Employers - Professionals - Trustees

Trustees may need to know whether lump sum death benefits can be provided from their scheme or whether a separate scheme, which only provides these benefits, should be set up....

Mortality assumptions

Issued:September 2008

Relevant for: Professionals - Trustees

This guidance outlines how trustees should go about deciding on mortality assumptions in an actuarial valuation for a defined benefit pension scheme...

Multi-employer schemes and employer departures

Issued:July 2012

Relevant for: Employers - Professionals - Trustees

This guidance is to help trustees and employers of multi-employer schemes understand the different mechanisms by which an employer can depart from the scheme....

Record-keeping

Issued:June 2010

Relevant for: Professionals - Trustees

This guidance describes an approach that we consider to be good practice for measuring the presence of member data items which are important in the administration of a pension scheme...

Relations with advisers

Issued:May 2008

Relevant for: Professionals - Trustees

This best practice guidance sets out some key issues for trustees to consider in their relations with advisers...

Scheme funding and clearance case studies

Issued:June 2009

Relevant for: Employers - Professionals - Trustees

These scheme funding case studies (original versions published in 'scheme funding: an analysis of recovery plans' in December 2008) demonstrate how the regulator, employers and trustees have worked together to resolve funding issues....

Scheme funding FAQs

Issued:March 2010

Relevant for: Employers - Professionals - Trustees

This section contains some FAQs in relation to scheme funding along with our responses. ...

Transfer values

Issued:September 2008

Relevant for: Professionals - Trustees

This guidance helps trustees of private sector occupational pension schemes providing defined benefits to understand the requirements for calculating transfer values. References are set out at the end of the guidance and are linked within the text...

Trustee guidance

Issued:December 2007

Relevant for: Employers - Professionals - Trustees

Our guidance for trustees outlines some of the wide-ranging responsibilities placed on pension scheme trustees and some of the powers they usually have...

Trustee knowledge and understanding

Issued:April 2005

Relevant for: Professionals - Trustees

The law requires that trustees have knowledge and understanding of (among other things) the law relating to pensions and trusts, as well as the principles relating to the funding of pension schemes and the investment of scheme assets...

Winding up

Issued:October 2012

Relevant for: Professionals - Trustees

This guidance provides suggestions of good practice to help trustees and others meet the two-year time frame in relation to winding up occupational pension schemes. ...

Automatic enrolment detailed guidance

Provides detailed help with implementing the new employer duties.