Trustees of defined benefit (DB) pension schemes face a quandary. How can they best help members make good decisions when it comes to accessing their pension benefits, ask Barnett Waddingham’s Jane Ralph and Liam Mayne?
Large funding deficits and low yields have meant that, for many trustees, annuities haven’t been considered a suitable asset over the last decade. However, that picture is changing slowly.
Many schemes are addressing the short-term issues around GMP equalisation, but they must think how they adjust the benefits for members and operate with those adjustments in place.
Trustees of DB schemes must consider many factors when considering a superfund transaction; buy-outs offer more security but are not always affordable.
Managing the risks is just as important in DC as it is in DB. By using the right kind of risk measures, we can focus on investment strategies on the end goals that actually matter.
With recent news highlighting the ever increasing number of people being caught by the LTA, we explain what it is and how pension schemes and their members can navigate their way through the pension tax maze.
By mid-2017, the UK population was estimated to be the largest it’s ever been and is expected to continue rising. As well as increasing in size, the ageing population is proportionately growing at a higher rate than the overall population.
Trustees of defined contribution pension schemes face increasing responsibility, as information must now be made available to the general public.
You must have heard about Climate Change lately – it has made an appearance in various publications from the PRA, FCA and EIOPA. Here at BW, we’ve been giving it a lot of thought too!
Supported by attractive pricing from insurers, many scheme are finding opportunities to de-risk using bulk annuities, meaning demand is extremely strong.