by Gail Higgins | Jan 17, 2020 | Uncategorized
The Pension Schemes Bill made it to its second reading before it had to be shelved when the General Election was called. However, it has now been reintroduced, in the House of Lords, in much the same form, with only minor changes to wording in some places. The Bill...
by Gail Higgins | Dec 20, 2019 | Uncategorized
The Pension Protection Fund (“PPF”) has issued its determination on the calculation of the levy for the 2020-21 year. This is the final year of the current triennium, so no major changes are proposed. The PPF expects to collect £620 million in levies in...
by Gail Higgins | Oct 18, 2019 | Uncategorized
The Pensions Administration Standards Association (“PASA”) has issued guidance for trustees on equalising benefits to reflect unequal Guaranteed Minimum Pensions (“GMPs”) including “good practice” approaches to deal with a number of common issues not addressed by the...
by Gail Higgins | Sep 27, 2019 | Uncategorized
The Pensions Regulator has updated its guidance on investment for trustees of defined benefit pension schemes. Our note on the original guidance may be found here. In this note we describe the changes in the new guidance. Fiduciary management Some schemes use...
by Gail Higgins | Jul 12, 2019 | Uncategorized
The Pensions Regulator (“TPR”) has published a consultation document setting out its proposals to improve the quality of governance in occupational pension schemes. TPR notes that its annual surveys of schemes reveal that smaller defined benefit (DB) and defined...
