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.
“Your statutory rights are unaffected”, “subject to approval”, “terms and conditions apply”; there is plenty of small print in our lives. TAS 100 isn't just small print for actuaries though: it's a key part of a framework of professional standards.
Partner and experienced pension actuary, Danny Wilding, shares some thoughts on managing legacy defined benefit pension promises - following on from his speaking slot at the Professional Pensions Risk Reduction Forum.
With effect from 6 April 2016, the ability for senior staff to make tax-efficient provision for their retirement is being cut back. Here, we look at how senior staff will be affected by the upcoming tax changes.
High earners could find themselves footing large tax bills when a series of changes to pensions tax relief are implemented in April 2016.
The changes to pensions benefits announced in the 2015 Summer budget, which affect the amount of tax paid by higher earners, come into effect in April. Here we outline the key features of the tapered annual allowance (TAA).
When the government changed statutory minimum pension increases to increases in CPI rather than RPI, many employers and trustees were flung into a flurry of activity on what that meant for their schemes.
Our lastest blog looks at TPR's annual funding statement published today giving its view on the market conditions that 'tranche 9' schemes will have to consider when carrying out their valuations.