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22 November 2024

DB Scheme Funding: Regulator's New DB Funding Code Of Practice Comes Into Force

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Norton Rose Fulbright Hong Kong

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Norton Rose Fulbright provides a full scope of legal services to the world’s preeminent corporations and financial institutions. The global law firm has more than 3,000 lawyers advising clients across more than 50 locations worldwide, including London, Houston, New York, Toronto, Mexico City, Hong Kong, Sydney and Johannesburg, covering Europe, the United States, Canada, Latin America, Asia, Australia, Africa and the Middle East. With its global business principles of quality, unity and integrity, Norton Rose Fulbright is recognized for its client service in key industries, including financial institutions; energy, infrastructure and resources; technology; transport; life sciences and healthcare; and consumer markets.

Effective November 12, 2024, the DB Funding Code consolidates guidance on valuation and funding requirements with new strategies for long-term funding and investment, streamlining compliance for defined benefit pension schemes.
United Kingdom Employment and HR

The DB Funding Code has been brought into force with effect from November 12, 2024. The Code brings together guidance on the pre-existing valuation and funding regime with guidance on the new longer-term funding and investment strategy regime.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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