Managing cost

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


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

    Pensions taxation: Will you be ready for 6 April 2016?
    12 November 2015

    ​6 April 2016 is yet another milestone date for the taxation of pensions. It will see a further reduction in the lifetime allowance (from £1.25 million to £1 million), following hot on the heels of earlier reductions in April 2012 and 2014.

    Read full article here

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    Auto-enrolment: three years on
    3 November 2015

    ​October 2015 marked the third anniversary of the formal introduction of the new employer duties. In this note, we review developments over the last year and look forward to what we can expect in the future.

    Read full briefing note here


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    PPF consults on 2016/17 levy
    16 October 2015

    ​On 21 September 2015, the Board of the Pension Protection Fund (PPF) published a consultation document on possible changes to the 2016/17 levy. Only minor changes are proposed and the consultation closes on 22 October 2015.

    Read full briefing note here

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    Pension Scheme Discount Rates – Benchmark your assumption with your peers
    7 October 2015

    ​These are turbulent times for investment returns and pension scheme deficits. In this quarter’s bulletin, we provide focus on end-of-September accounting assumptions for sponsors’ annual disclosures at 30 September 2015. There are also plenty of other considerations for sponsors before the year is out and this bulletin highlights many of these issues.

    Read full bulletin here

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    New regulatory guidance on employer covenant
    2 October 2015

    ​In August 2015, the Pensions Regulator published new guidance entitled “Assessing and monitoring the employer covenant”. In this insight, we consider the key messages of the new guidance and what it means for trustees and sponsoring employers.

    Read full briefing note here

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    Will FRS 102 increase your PPF levy?
    16 September 2015

    ​The size of your PPF levy is influenced by the insolvency risk of the sponsoring employer. This insolvency risk is assigned by Experian which takes information from the employer’s financial accounts. The switch to accounting standard FRS 102 for pension accounting this year could worsen the balance sheet and hence increase the PPF levy.

    Read full bulletin here

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    Aligning PIPs with the tax year
    10 September 2015

    ​In his summer Budget on 8 July 2015, the Chancellor of the Exchequer announced that the period over which pension savings are assessed for annual allowance (AA) purposes (the pension input period or PIP) would be aligned with the tax year, as part of further restrictions on the AA. This briefing note looks at the consequences of this change.

    Read full briefing note here

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


    Getting Ready for Your Next Pension Valuation
    26 November 2015
    For trustees, pensions managers, finance directors & their teams
    Read more
    Implications of Budget Pensions Changes for Members and Trustees
    4 February 2016
    Read more
    Getting Ready for Your Next Pension Valuation
    3 March 2016
    Read more
    Getting Ready for Your Next Pension Scheme Valuation
    24 November 2016
    Read more
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    Speak to us

    Speak direct to our specialists in this area
    Neil Lalley
    Head of Employer Services
    Or call us on
    020 3327 5000