18 months ago we took a look at what was a reasonable yield for long-dated gilts. We concluded that a yield of perhaps around 4% was a fair assumption. Read our latest Investment Insight briefing to see if our assumption was fair.
In this month's News on Pensions we look at Budget 2015, VAT on Pension Costs, NAMES: Employer debt regulations, DWP: End of contracting out, a PPF update and other pensions news.
First announced at the start of 2013, the proposed reform of the UK state pension system has been accelerated by the Government and is now due to take effect from April 2016.
The latest published inflation statistics show that inflation has now fallen below zero over the 12 months to March 2015 (as measured by CPI) and RPI falling to 0.9%.
April was unusually interesting for the UK Oil and Gas industry. Shell announced success in their bid to acquire BG Group and UKOG announced ‘discovery’ of reserves of 158 million barrels of oil per square mile at Horse Hill.
In this month's News on Pensions we give an update on the High Court ruling on frozen schemes, DB to DC transfers,TPR's DC schemes flexibilities guide and pot-follows-members.
Our latest Current Issues in Pensions Financial Reporting newsletter details the key financial assumptions required for determining pension liabilities under the FRS17 (UK non-listed), IAS19 (EU listed) and FAS158 (US listed).
Pensions remain at the forefront of discussions, with changes to the USS, LGPS and TPS potentially resulting in universities conducting significant reviews of their overall benefit provision. Our latest update includes this and more.