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DB Funding: The Scheme Whose Position Changed While the Trustees Were Not Looking

Pensions  ·  4 min read

DB Funding: The Scheme Whose Position Changed While the Trustees Were Not Looking

Defined Benefit scheme trustees are legally accountable for funding decisions but formally measure the funding level every three years. The market conditions and sponsor covenant that determine whether those decisions are appropriate change continuously in between.

12 May 2026 DB Funding Covenant Assessment