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Annual Funding Statement 2020 infographic – transcript

This is a transcript of the Annual Funding Statement 2020 infographic with key messages from our Annual Funding Statement 2020.

Annual funding statement

How to approach DB valuations and funding


  • Engage and work with your employer.
  • Set long-term funding targets and journey plans.
  • Get independent advice to support covenant assessments.


  • Support trustees and advisers when assessing employer covenant.
  • Provide regular updates on your outlook and contingency planning.
  • Document your position regarding the treatment of your schemes.

What you can expect from us

  • Reasonable, pragmatic and proportionate approach to regulation.
  • We will consider specific flexibilities or restrictions.
  • A refocus on our supervisory activity.