A few weeks post-Lloyds and we’re taking the finer points of the ruling as read - lots to do, or not do, legal advice to take, or not take, transfer values to suspend, or not suspend – a catalogue of unknowns that are raising trustee frustration levels up and down the country. Julie Walker, Associate, considers the problems trustees face after the Lloyds ruling.
So after 28 years of uncertainty, the Lloyds Bank case judgment released on 26 October 2018 means we all now know what we need to about GMP equalisation – right? Hmmm.
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.
The PPF has released its 2019/20 PPF levy consultation, setting out its plans for calculating the levy to be invoiced in autumn 2019.
With the results of the Lloyds Bank case expected next month, GMP equalisation may become a reality for many schemes in the very near future. It is important to anticipate the implications this may have for companies’ year-end accounting.
To date GMP equalisation has primarily been carried out for schemes buying out or transferring to the PPF, with ongoing schemes deferring the exercise. 2019 could be the year that all this changes and it will be important for schemes to get ready
From FCA, to GMP, all the way to WPC – Head of Pensions Research, Tyron Potts maps out an A – Z on everything you may have missed in pensions news this summer.
CDC promises a shared-risk approach to retirement benefit provisionwith advantages for employers and members. Danny Wilding, Partner, asks: could this result in a flow of employers entering into the risk-sharing arena?
The recent consultation published by the DWP is a blueprint for a new regulatory regime and a “clearer, quicker and tougher” Pensions Regulator. Andrew Vaughan, Partner, looks at what this means for companies sponsoring DB schemes.
The Pensions Regulator looks set to get much busier in the future with a remit to use an expanded armoury on “the small number of employers evading their obligations” towards DB pension schemes.