by Gail Higgins | Jul 21, 2023 | Uncategorized
In a speech at Mansion House on 10 July, the Chancellor Jeremy Hunt set out a comprehensive set of initiatives intended to boost pension savings and investment in British businesses. He said the ‘Mansion House Reforms’ could increase the average savers’...
by Gail Higgins | Jul 7, 2023 | Uncategorized
In June, the DWP published a review of the Conditions for Transfers Regulations 2021, 18 months after they came into force. They have concluded that the overall objective of reducing scam activity is being achieved, although some of the provisions within the...
by Gail Higgins | Jun 30, 2023 | Uncategorized
The High Court has ruled, in a case involving Virgin Media and the NTL Pension Plan, that changes to certain rules of contracted-out schemes are invalid – and so void – if the amendment does not include the required actuarial confirmation (“section 37 confirmation”)....
by Gail Higgins | Jun 16, 2023 | Uncategorized
Having ripped up, earlier in the year, the previous timetable for schemes to connect to a pensions dashboard, the Government has now announced a final deadline of 31 October 2026 for all schemes to have connected. Guidance is expected later this year, which will...
by Gail Higgins | May 12, 2023 | Uncategorized
Summary The Pensions Regulator has published its annual funding statement, providing guidance for those pension schemes whose actuarial valuation dates fall between 22 September 2022 and 21 September 2023 (“tranche 18”), although it should be of interest to other...
by Gail Higgins | May 5, 2023 | Uncategorized
TPR has published updated guidance setting out practical steps trustees can take to manage risks when using leveraged LDI. Overview TPR acknowledges that LDI is useful for reducing the risk to a scheme’s funding level from falls in long-term interest rates and/or...
