Blog: Executive pensions

The Department for Work and Pensions (DWP) issued a White Paper earlier this year, explaining their proposals for increasing protections for defined benefit (DB) pension scheme members and making improvements to the system.

Aon released their report commissioned by the Scheme Advisory Board, identifying potential issues surrounding the participation of Tier 3 employers in the LGPS. We’ve set out some of the key issues and findings.

Rumours suggest the Budget will see Philip Hammond finally get his hands on the billions tied up in it. It is never easy to predict with any degree of certainty what the chancellor may or may not do in his Budget when it comes to pensions.

The LGPS SAB released their latest report on 22 May, providing information on the status of the LGPS for its members, employers and any other bodies. We’ve shared key things for fund actuaries in the lead up to the 2019 valuation.

Nilesh Shah, Associate, outlines the need to utilise any unused annual allowance before it is too late.

Louise Lau, Actuary, provides some initial thoughts around the options put forward in the Scottish LGPS structure consultation and asks: what are some of the considerations to be had and what would be the potential consequences of such changes?

April has been a busy month for us - producing accounting reports for hundreds of participating employers in the LGPS. Roisin McGuire, Associate in Public Sector Consulting, reports about SEDR and the change in approach taken in accounting assumptions this year.

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