On the go: The Association of Consulting Actuaries is calling for the next government to bring legislation to facilitate the wider simplification of defined benefit schemes, as part of its manifesto for the December elections.
SSE further de-risks with £750m buy-in with PIC
|
November 14, 2019
On the go: The Scottish Hydro-Electric Pension Scheme – sponsored by Scottish and Southern Energy – has converted a longevity swap into a £750m buy-in contract with the Pension Insurance Corporation.
Scheme goes to court to avoid £10m rules drafting mistake
|
November 12, 2019
An orthotics and prosthetics manufacturer has been forced to go to court to amend a word in pension scheme rules drafted 20 years ago, which if left unchanged would have cost the plan £10m.
Master trusts cut prices to reach new authorisation targets
|
November 12, 2019
On the go: Master trusts are cutting prices by as much as 20 per cent to build up new business following authorisation from the Pensions Regulator, a consultancy firm has flagged.
Govt agrees to pension guarantees for mineworkers
|
November 11, 2019
On the go: The government has agreed to guarantee members of the Mineworkers’ Pension Scheme an annual increase in line with the retail price index, even if there is a deficit in the pension fund.
New govt urged to find solutions for self-employed
|
November 11, 2019
On the go: The Association of Independent Professionals and the Self-Employed has called on the new government to update the long-term savings environment to better provide for entrepreneurs.
Master trusts welcome CDC in decumulation
|
October 29, 2019
Several master trusts would welcome the ability to offer a collective defined contribution solution for their members in decumulation, after the government hinted at such a possibility.
Public sector schemes facing £102bn gap in next 10 years
|
August 21, 2019
The sustainability of unfunded public sector pension schemes has been called into question by actuaries, with calculations pointing to a shortfall of £102bn in the next 10 years.
PPF could soon face court challenge on CVA stance, says barrister
|
June 5, 2019
The Pension Protection Fund could soon face a challenge to the way it acts in company voluntary arrangements, according to one legal expert, as it is seen as a ‘super creditor’ with preferential treatment in these restructuring processes.