It is important that LGPS Funds have a policy to deal with ill health retirement risk. Although relatively rare, ill health retirements can be costly. The 2019 valuation is a good opportunity to put a policy in place.
Assessing employer covenant is becoming more and more important as the number and types of employers in the LGPS grows.
Our 96th edition of PATHways highlights pensions news and legislation that has particular relevance to what we do in pension administration.
A key feature of having a SSAS or a SIPP is that pensions can be invested in most types of commercial property. However, a number of matters need to be considered before a property such an investment is made.
The new Master Trust Authorisation legislation aims to improve the standards for master trust schemes. However, some multi-employer schemes will not appreciate that they are a master trust and that they will have to comply with the new standards.
We consider if bulk annuity purchases should be of interest to a wider group of schemes. Whilst there were 132 transactions in 2017, this is still small compared to the 5,700 UK DB pension schemes. Are these other 5,500 schemes missing a trick, or does bulk annuity purchase still only make sense in a small minority of cases?