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DB scheme funding and costs

Includes information on ensuring your DB scheme is appropriately funded, the employer covenant, and comparing costs.

Funding your DB scheme

You need to ensure your defined benefit (DB) pension scheme is appropriately funded and that contributions are paid on time.

Manage scheme funding risks

You should work with the trustees of your defined benefit pension scheme to manage risks to scheme funding objectives in a proportionate and integrated way.

Employer covenant: supporting your DB scheme

You should work openly and transparently with the trustees of your defined benefit pension scheme so that they can properly assess your legal obligations and financial ability to support your scheme now and in the future (the 'employer covenant').

Comparing costs for DB schemes

It’s important that you understand how much it costs to run your defined benefit (DB) pension scheme. These costs can include fees for administration, advice and services to members.