Most private sector pensions accrual in the UK is now on a DC basis. When legislators think about DB, it is only to worry about protecting past service benefits; never to wonder about whether the framework for future benefits is fit for purpose.
Changes to Regulation 64 of the LGPS Regulations 2013 will offer greater flexibility. Annemarie Allen provides some insight on what has changed and what this means for scheme employers and administering authorities.
Following last year’s green paper, the Department for Work and Pensions published its long-anticipated white paper, ‘Protecting Defined Benefit Pension Schemes’, giving us a taste of how the pensions industry might be re-shaped in the coming years.
The Department for Work and Pensions published its white paper on Protecting Defined Benefit Pension Schemes. Although not offering much in the way of new legislation, it does encourage The Pensions Regulator to make more of the current legal framework
It is a great time to take a deep breath and do our own annual financial health check. The findings of Barnett Waddingham’s fourth annual “Generation WHY?” survey does just this; providing an insight into the financial wellbeing of the UK workforce.
Now is a good time for companies with June year-ends to consider how their pension scheme liabilities will affect their balance sheet - despite recent falls in equity markets IAS19 funding levels are likely to have held up reasonably well.
The Government published its much anticipated white paper ‘Protecting Defined Benefit Pension Schemes’ on Monday 19 March. Here we outline for employers the three main issues it addressed.
The Pensions Regulator released its 2018 annual funding statement, and once again risk management was high up its agenda. This is perhaps not surprising in light of recent high profile employer insolvencies and the resulting reduction in member benefits.
We carried out a survey that relates to constituent companies of the Spanish IBEX and Italian FTSE MIB share indices that have UK subsidiary companies with defined benefit (DB) pension schemes.
The final transaction figures for 2017 confirmed total buy-in and buy-out business volumes have exceeded £10bn, with a combined market figure of £12.2bn for the year. Head of bulk annuities, Gavin Markham explores.