From Brexit to Safeway via the Lifetime Allowance – Head of Pensions Research, Tyron Potts, maps out an ‘A - Z’ of everything you may have missed in the world of pensions this spring.
A new era for the pensions industry, as defined benefit (DB) schemes reach maturity, is shifting the strategic focus of many schemes to the potential end-game of risk reduction, often leading towards buyout.
John Cormell focuses on our approach in considering the specifics of each scheme and to only implement GMP equalisation in transfer values where appropriate and agreed by the trustees.
Trustees of DB pension schemes want to make their members aware of all their options, including transferring out, ahead of retirement.
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.
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.
What does the ideal actuarial consultant look like? Danny Wilding, partner at Barnett Waddingham, argues the need for teamwork in actuarial consultancy.
John Cormell and Richard Gibson explore the issue of guaranteed minimum pension (GMP) conversion.
Looking ahead to the 31 March 2019 year-end, most companies reporting are currently looking at a broadly unchanged IAS19 funding position. The average funding level in our most recent survey was 96%, and this is likely to stay around this level.
Barnett Waddingham has responded to the DWP consultation to say we support the DWP in setting out the government’s proposals for Collective Defined Contribution (CDC) schemes. Danny Wilding, Partner, sets out his views on the consultation.