Working with your trustees

​This could be in situations such as:

  • reviewing or closing company pension schemes
  • controlling the cost of member options
  • controlling operational risk
 

 Overview

 
​We can help you:
  • understand your scheme’s investment strategy and the options available to your trustees - for example, reducing pension scheme funding volatility through investing in alternative assets or using investment products to safeguard against large drops in equity markets
  • prepare for negotiation with scheme trustees on the future funding of the current pension arrangements
  • effectively present the strength of your employer covenant to your scheme trustees, and negotiate with them on covenant-related issues
  • ensure your pension scheme works for your high earning individuals, with the latest developments in the annual and lifetime allowances handled correctly
  • present a business case to trustees and employees when scheme changes are required, which engages them in the process
  • consult with your scheme trustees when considering a liability reduction exercise to help de-risk your pension scheme

 

 Insights and views

 
    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

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    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

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    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

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    The Times They Are a-Changin’
    5 December 2016

    Whilst it is probably fair to say that Bob Dylan’s 1964 folk classic ‘The Times They Are a-Changin’’ was not focused on defined benefit (DB) pension schemes (which for some reason are rarely an inspiration for songwriters), the lyrics penned by this year’s winner of the Nobel Prize for Literature could be used to describe the pensions landscape as we near the end of 2016.

    Read full pensions bulletin here

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    Autumn Statement 2016: steady as she goes?
    23 November 2016

    The Autumn Statement was a relatively quiet affair from a pensions perspective, with only a few minor announcements. However, in some ways, it was perhaps too quiet, with no hint as to whether further changes are planned to the framework of pensions taxation. Arguably we have no more idea of the new Chancellor’s views on what incentives should be given for people to save for the long term and/or their retirement than we had before he stood up at the despatch box.

    Read full news alert here

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    PPF consultation on the 2017/18 levy and other publications
    27 October 2016

    ​On 22 September 2016, the Board of the Pension Protection Fund (PPF) published a consultation document on the 2017/18 levy. The consultation closes on 31 October 2016 and only minor changes are proposed. The PPF has also recently published other consultations and documents.

    Read full briefing note here

    Read more
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    Speak to us

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