Increase in State Pension Age confirmed

We reported earlier this year on the review of State Pension Age (see /news/review-of-state-pension-age-(1)).  The Government delayed its response, because of the General Election, but has now confirmed its intention to adopt Mr Cridland’s recommendation that...

TPR 2017 Annual Funding Statment

The Pensions Regulator has issued its annual funding statement, setting out its expectations of valuations with effective dates between 22 September 2016 and 21 September 2017. Market conditions The Regulator notes that Gilt yields have remained very low and that...

PPF Levy Consultation

The PPF is consulting on the calculation of levies for the three years commencing with the 2018/19 year, which focusses mainly on improvements to the measurement of insolvency risk.  There will be a further consultation in the autumn, with firm proposals, alongside...

Increase to PPF cap … eventually

We reported back in 2013 ( see /news/ppf-compensation-cap) about proposals to increase the cap that applies to benefits payable by the Pension Protection Fund (PPF).  We are delighted to announce now that these proposals have finally been implemented this month....

Review of State Pension Age

Summary The Pensions Act 2014 requires the Government to carry out periodic reviews of State Pension Age (SPA), the first of which must be completed by May 2017.  Under the terms of the Act the Government has to obtain and consider: a report by the Government Actuary...