Given that spring is just around the corner and with it the IMAP submission dates this letter provided some timely feedback for those working towards an IMAP date this year or indeed those considering a future application.
The PRA issued its latest Solvency II Directors’ update on 12 February. This covered, at a high level, a large variety of topics demonstrating the sheer numbers of priorities firms are currently trying to juggle.
Over the last few months recovery and resolution planning for insurers has become an increasing area of interest for many following the issue of the PRA’s approach to insurance supervisions and PS5/14 ‘The PRA Handbook’ in June last year.
In this month's News on Pensions we provide an trivial commutation, pensions liberation, late retirement factors, pension overpayments and PPF's 7800 index of schemes' funding.
Our Pension Administration Technical Help highlights pensions news and legislation that has particular interest to what we do in Pension Administration.
Our most recent quarterly newsletter on current and topical pensions issues includes trivial commutation, HMRC: VAT on pension schemes costs, PPF news, an auto-enrolment update and a spotlight on Executive Pensions.
In 2013 the Trustees of a Charity asked us to use modelling to illustrate possible future investment returns and volatility resulting from the Charity’s current asset allocation, and then to suggest possible alternative asset allocations.
During early 2012, one of our schemes was constrained by the funding basis and the availability of contributions from the employer to the extent that it could not afford to reduce the level of risk and purchase additional protection.
We carried out an innovative buy-out for part of the Lloyd’s Superannuation Fund (LSF), a £500m multi-employer defined benefit scheme associated with the Lloyd’s of London insurance market.
For many years we have read about the ever increasing pain that defined benefit (DB) pension schemes have piled onto employers, be it additional funding requirements or unwelcome volatility on the balance sheet.
Our thirteenth annual survey of the assumptions adopted by FTSE100 companies for determining the value of their pension liabilities for accounting ...
Following on from our research of French companies with UK DB schemes, we have carried out two further research reports for German and Dutch companies with UK DB schemes.
Two Barnett Waddingham figures, senior partner Nick Salter and senior consultant Malcolm McLean, are featured in Pension Insight’s annual who’s who of pensions ‘Top 50 People in pensions’ list this year.
Barnett Waddingham has been named as Pension Adviser of the Year at the Corporate Adviser Awards 2015.
David Hughes and Jody Glennie join our Insurance Consulting team as we look to grow our insurance consulting business.