We remain to be convinced that the PPF underpin would be an effective incentive to trustees to consider increasing their investment risk. DWP and TPR should consider whether there are changes to the funding regime that could give trustees confidence to take appropriate investment risk. (Paragraph 74) 56 Defined benefit pension schemes

We remain to be convinced that the PPF underpin would be an effective incentive to trustees to consider increasing their investment risk. DWP and TPR should consider whether there are changes to the funding regime that could give trustees confidence to take appropriate investment risk. (Paragraph 74) 56 Defined benefit pension schemes Type: conclusion | Number: 8 | Response status: not_accepted Government response: The amount of risk that is taken in a scheme’s investment allocation is based on many factors. Sponsors and trustees must agree the scheme’s technical provisions, which involves making assumptions about investment returns. This therefore sets a planned risk budget for scheme investment. Actual inves