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.
Julie Walker, Associate, debates whether pension administration should prioritise people or processes.
Informed members make informed decisions - but effective engagement doesn’t just happen, it needs a well-defined strategy incorporating a clear understanding of where schemes and members are now, where they want to be, and the tools and support to help them get there.
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.
We were delighted to become one of only two third-party administrators to achieve PASA Accreditation in January, but the process was far from easy. David Connell offers his inside view on the process and explains why this is such a prestigious accolade.
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.
It’s been a busy period for HMRC and there have been a number of recent developments in the Scheme Reconciliation Service (SRS) world, let’s take a look at some of the recent changes…
Formerly contracted-out schemes could see an increase in liabilities as a result of equalising for GMPs. We consider the government’s proposed approach.
With the December 2018 deadline for reconciling GMPs looming, HMRC are seeing a massive increase in the number of SRS queries, so it's understandable that there may be a squeeze on their resources. But what impact will this have on the pensions industry?
HMRC announced on 5 August 2016 that they would not accept any new requests for new data to be provided through the Scheme Reconciliation Service (SRS), but what does this mean for the schemes that we administer?