TPR has recently increased its focus on the endgame of UK DB pension schemes. This briefing note explores how companies paying higher dividends than deficit contributions should expect more of a challenge on this from their trustees and the Regulator.
Transferring from a DB scheme is a major decision for members and there are many factors that should be taken into account. Simon Taylor, Partner offers advice to these members to understand their transfer options.
The 2019 formal valuations for the English and Welsh funds in the Local Government Pension Scheme (LGPS) are fast approaching and preparation is key. As if there wasn’t enough to do already, the cost control mechanism has been triggered.
The new LGPS (Amendment) Regulations 2018 finally emerged on 19 April 2018, and came into force on 14 May 2018. We discuss the arising issues that administering authorities should consider with regard to exit credits.
Our latest note outlines some of the considerations that should be taken if a new employer becomes an admission body within an LGPS Fund under a pass-through arrangement. Read the note to find out more.
The new Fair Deal guidance, effective from October 2013, removed substantial barriers that previously prevented many firms from competing for public sector contracts.
The NHS Pension Scheme considers an employer an Independent Provider if it holds Standard, APMS, or local authority NHS contract. Since April 2014 IPs are able to apply to become an Employing Authority in the NHSPS.
Authorities letting out a contract have a statutory obligation under the Best Value Authorities Staff Transfers (Pensions) Direction 2007 to ensure that transferring employees are provided with rights to acquire pension benefits that are the same as, broadly comparable to, or better than those that they had before the transfer.