Experts have welcomed the government’s recent consultation proposing a new deferred debt arrangement for employers in multi-employer pension schemes, but concerns over complexity of employer debt regulation remain.
Jaguar Land Rover is switching its defined benefit schemes from final salary to a career average revalued earnings structure, as companies look to cut costs and manage risk while keeping employees on board.
Tata Steel has reportedly offered to contribute £520m to the British Steel Pension Scheme as part of a bid to reach a regulated apportionment arrangement with UK pension authorities.
Trustees of the defined contribution FKI Group Pension Plan have agreed to wind up the scheme, transferring active members to a mastertrust, as experts note governance and cost management benefits.
The Financial Conduct Authority will prioritise retirement income provision within pensions in 2017-18, addressing perceived problems with consumers who do not take regulated financial advice, as some argue schemes should organise Pension Wise sessions by default.
Prime Minister Theresa May’s announcement of a snap general election on June 8 this year has left pension commentators divided over the effect this might have on pensions policy.
Comment & Analysis
Editorial: A mute button would sometimes be useful for trustees as the volume is cranking up ahead of the election on June 8.
How the model’s next wave will help shore up DC pension provision for UK employers.
The Pensions Management Institute's Neil Scott explains how the PMI supports employers offering apprenticeships.
Video: What do businesses say about the defined benefit green paper's focus on regulation, and where do unions have concerns about member protection? Rachel Smith, principal labour market economist at the Confederation of British Industry and Tim Sharp, policy officer at the Trades Union Congress, give their views.
Video: With short-term inflation rising, are interest rates likely to go up, and should unhedged schemes go into LDI now? How can growth assets be combined with LDI products, and what role will cash flow play for LDI strategies? Jonathan Crowther, head of UK LDI at Axa Investment Managers, and Sophia Heathcoat, investment consultant at Barnett Waddingham, discuss their expectations for LDI.
Video: As the Pensions and Lifetime Savings Association has highlighted four areas for potential change to the defined benefit landscape, Ashok Gupta, who chairs its DB Taskforce, talks about the proposals and the taskforce's aims.