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Barnett Waddingham
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Blog: Employers

Don’t be paralysed by political risk

Marcus Whitehead looks back at Rupert Harrison's Investment Conference talk which highlighted how investors over-reacted to political risk in 2016, why they shouldn't make the same mistake in 2017 and learn to tolerate a certain amount of volatility.

Will the WPC’s punitive fines really act as a ‘nuclear deterrent’?

In the first in our series examining the WPC’s recommendations on DB regulation, we discuss the proposals to impose a ‘nuclear deterrent’ fine on culpable employers.

Take action! Time is running out for the 2017/18 PPF levy

Barnett Waddingham highlights some actions that can still be taken to manage the size of your Pension Protection Fund levy before the 31 March 2017 data deadline, including one or two new methods introduced by the PPF.

Time for change? WPC’s recommendations for Government Green Paper

The Work and Pensions Committee (WPC) recently published a list of recommendations for consultation in the Government’s Green Paper due in early 2017 to address perceived flaws in the regulation of defined benefit (DB) schemes. In a series of blog posts, we will discuss the key challenges and benefits for each recommendation in detail. For now, let’s look at the highlights…

Fall in corporate bond yields takes the shine off the year end

The funding position of the average pension scheme on an accounting basis has fallen over 2016. Company directors can take advantage of flexibility in the framework to improve the reported position.

Agreed! TPR and Coats Group plc reach £255 million settlement

The Pensions Regulator has reached a compromise with Coats Group plc, securing additional funding and employer support for two large pension schemes and allowing the company to lift a restriction on dividends.

PPF reveals further fall in contingent funding arrangements

The PPF’s latest Purple Book reveals a fall in PPF-compliant contingent assets, driven by the PPF’s more robust approach to certification. Alternative approaches to reducing risk include security over assets and cash contributions.

2016 in review: the highs and lows of pensions

In recent years there have been some monumental changes in UK pensions policy. Throughout 2016 we have seen a continuation of these policies and the emergence of a new pensions landscape, but not all of the changes have been unqualified successes.

Autumn statement 2016 in review: insurance premium tax

For the third consecutive budget and autumn statement the chancellor has announced an increase to insurance premium tax - this time raising the level from 10% to 12% - meaning that the rate of insurance premium tax has doubled in the past 18 months.

Government proposes method for equalising GMPs

Formerly contracted-out schemes could see an increase in liabilities as a result of equalising for GMPs. We consider the government’s proposed approach.

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