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 Government published its much anticipated white paper ‘Protecting Defined Benefit Pension Schemes’ on Monday 19 March. Here we outline for employers the three main issues it addressed.
Now is a good time for companies with end of March or early April year-ends to consider how their pension scheme liabilities will impact their balance sheet – and it may not all be bad news.
Corporate transactions could face an additional roadblock, under Conservative plans unveiled in their 2017 manifesto.
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.