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Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Order)

This Order appoints 12th November 2024 as the day for the coming into effect of the Pensions Regulator’s Defined Benefit Funding Code of Practice. The Defined Benefit Funding Code of Practice provides practical guidance on the new scheme funding regime. It is for trust-based occupational pension schemes providing defined benefits and is primarily for the scheme’s trustees and the scheme’s sponsoring employer.

The Defined Benefit Funding Code of Practice is available on the Pensions Regulator’s website: https://www.thepensionsregulator.gov.uk/en/document-library/code-of-practice/funding-and-investment/funding-defined-benefits. Copies may be obtained by post from the Pensions Regulator, Telecom House, 125-135 Preston Road, Brighton, BN1 6AF.

A full impact assessment has not been published for this instrument as it has no, or minimal, impact on the private sector, the voluntary sector or civil society organisations.