Managing cost

Our range of employer advisory services, modellers and online tools enable employers to ensure costs are controlled whilst corporate objectives are satisfied.
 

 Overview

 
The next step for any employer with a final salary pension scheme deficit is to agree an affordable recovery plan.

We can help:
  • ensure you have up-to-date knowledge on your scheme’s position through our online tools
  • understand the expected developments in, and options for change for future pension arrangements, enabling you to ensure your pension provision is affordable and sustainable
  • negotiate with trustees about de-risking initiatives, benefits changes and pension scheme funding assumptions, in particular managing the approach taken to agreeing the level of prudence
  • plan for the introduction of auto-enrolment from your staging date – for example, by helping you prepare for the potentially higher pension costs, or understanding the impact prior to a merger or acquisition
  • minimise the risk-based levy payable to the Pension Protection Fund (PPF) by taking actions which reduce the assessed pension deficit and assumed probability of insolvency

 

 Insights and views

 
    Pension Scheme Investment: Tackling the Current Market
    30 January 2017
    Any uncertainties about the implications of Mr Trump’s protectionist trade policies were soon outweighed by his plans to cut taxes, boost infrastructure spending and reduce regulations, which were seen as improving domestic growth prospects. This investment update reviews market conditions, and explains our asset class views and assesses what a rate rise would mean to liability driven investment strategies. 
     

    Read more
    Will GMPs finally be equalised?
    25 January 2017

    On 28 November 2016, the Department for Work and Pensions (DWP) started consulting on a possible new methodology for equalising guaranteed minimum pensions (GMPs). In this note we consider the possible implications.

    Read full Briefing Note here

    Read more
    PPF confirms details of the 2017/18 levy
    17 January 2017

    ​On 15 December 2016, the Board of the Pension Protection Fund (PPF) published the Determination setting out how the 2017/18 levy will be calculated. This confirms that the majority of the proposals in the September consultation will be adopted.

    Read full briefing note here

    Read more
    Are you meeting your record-keeping duties
    9 January 2017

    On 30 November 2016, the Pensions Regulator (TPR) published various papers relating to record-keeping. TPR has said that many schemes are not meeting its record-keeping expectations and has confirmed that it will require trustees to report on their record-keeping in the scheme return.

    Read more
    January 2017 and a Happy New Year to all
    6 January 2017

    It’s been a rollercoaster year, but we reached the end. Bond yields slid downwards over the year and, like many of us, were at their lowest ebb at the end of the summer holidays. Yields have since climbed, but took a dip at the end of the year as festivities kicked in. Whether we’ve emerged unscathed by political events is yet to be determined and we will have to wait and see what 2017 will bring. 

    Read full bulletin here

    Read more
    Ten key dates for 2017
    5 January 2017
    2016 was another eventful year for pensions with 6 April 2016 seeing the introduction of the new state pension and the final demise of contracting out. However, the major reforms to pensions taxation that had been anticipated failed to materialise in the 2016 Budget.
     
    2017 looks set to be another busy year for pensions, with  a number of key dates for the diary ahead of us.

    Read full news alert here

    Read more
    Will CPI change in 2017?
    13 December 2016

    ​On 10 November 2016, it was announced that, from March 2017, CPIH would become the Office for National Statistics’ preferred measure of inflation. In this note we consider the potential impact on occupational pension schemes and other recent developments on consumer price indices.

    Read full briefing note here

    Read more
    Visit the Industry Insights page for news and views on the latest industry developments
 

 Events

 
    LGPS Training for Admission Bodies - New Course
    23 February 2017
    Read more
    Pensions and Investments in Uncertain Times
    9 March 2017
    Read more
    Getting Ready for your next Pension Scheme Valuation
    16 March 2017
    Read more
    Investment Event: Practical Advice for DB Pension Schemes
    30 March 2017
    Read more
    Investment Event: Practical Advice for DB Pension Schemes
    9 May 2017
    Read more
    Getting Ready for your next Pension Scheme Valuation
    18 May 2017
    Read more
    Trustee Knowledge & Understanding (TKU) Course
    14 June 2017
    Read more
    Investment Event: Practical Advice for DB Pension Schemes
    22 June 2017
    Read more
    Trustee Knowledge & Understanding (TKU) Course
    7 September 2017
    Read more
    Investment Event: Practical Advice for DB Pension Schemes
    12 September 2017
    Read more
    Annual Pensions Conference 2017
    28 September 2017
    Read more
    Investment Event: Practical Advice for DB Pension Schemes
    5 October 2017
    Read more
    Trustee Knowledge & Understanding (TKU) Course
    8 November 2017
    Read more
    Getting Ready for your next Pension Scheme Valuation
    23 November 2017
    Read more
    Investment Event: Practical Advice for DB Pension Schemes
    13 December 2017
    Read more
    Visit the Events area for all forthcoming Punter Southall seminars, conferences and events
    Speak to us

    Speak direct to our specialists in this area
    Craig Wootton
    Principal
    Or call us on
    020 3327 5000