Regulated apportionment arrangements are becoming more common as stressed employers look to cut ties with their pension scheme. We look at the settlement agreed with the Pensions Regulator for Hoover Limited.
Our annual review of the pension obligations of FTSE350 companies highlights the volatile environment in which many companies are operating.
As the UK enters a period of significant change, Finance Directors and Pension Managers need a dynamic DB (defined benefit) pension strategy that will be resilient in the face of changes in markets, whilst remaining cost effective over the longer term.
The Pension Protection Fund (PPF) has released a consultation setting out its proposals for the 2018/19-2020/21 levy triennium. Overall the PPF’s proposals are intended to result in a fairer distribution of the PPF levy between pension schemes.
The decision to relax rules on the purchase of an annuity at retirement has revolutionised the DC landscape. Now, many non-pensioner members are exploring opportunities to transfer their final-salary benefits and avail of the flexibilities in a DC scheme.
The defined benefit pensions Green Paper contains some interesting suggestions, particularly on funding for distressed schemes – however, it concludes that there are no systemic failings with the current model.
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.
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.
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…
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.