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

 
    Revised draft DC Code of Practice and Guidance
    25 May 2016

    ​On 9 May 2016, the Pensions Regulator’s (TPR’s) revised defined contribution (DC) Code of Practice was laid before Parliament, where it will remain for 40 days before coming into force in July. At this point, TPR will publish final versions of its ‘how to’ guides which support the new Code, together with its revised compliance and enforcement policy.

    Read full briefing note here

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    Queen’s Speech: Pensions Bill announced
    18 May 2016

    ​As had been expected, today (18 May 2016) saw the announcement of a Pensions Bill following the Queen’s Speech. Slightly disappointingly, Her Majesty did not actually mention it in the speech itself, although she did refer to the Lifetime Savings Bill which will provide the legislative framework for the Lifetime ISA.

    Read full news alert here

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    The Pensions Regulator sets out its latest expectations for scheme funding
    13 May 2016

    ​The Pensions Regulator (TPR) has issued its annual funding statement aimed at trustees and employers undertaking valuations with effective dates between 22 September 2015 and 21 September 2016.

    Read full news alert here

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    Employers taking charge of pension issues
    6 April 2016

    This quarter has seen the release of our scheme funding survey and new guide for employers. Employers have a key input into covenant, investment and funding issues and they may not have realised their influence and the alternatives that are available to the status quo. Armed with some new ideas, employers can be proactive and confident when engaging with trustees.

    Read full bulletin here

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    6 April 2016: 10 years after A-Day
    5 April 2016

    6 April 2006 (‘A-Day’) saw the introduction of a new ‘simplified’ tax regime for pensions as well as a number of other important developments. Ten years on, 6 April 2016 looks likely to be an equally significant date.

    Read full briefing note here

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    More stirring of the pensions pot
    16 March 2016

    ​Until just under two weeks ago, virtually everyone was expecting a major announcement on pensions tax relief in the Budget. In the end, the Chancellor turned out to have marched his troops up to the top of the hill only to march them (most of the way) back down again. However, he has kept alive the concept of the pensions ISA in the idea of a new Lifetime ISA which will operate alongside existing registered pension schemes.

    Read full news alert here

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    An update on European pensions developments
    25 February 2016

    Aside from the drama of the launch of the EU Referendum campaigns, the last few weeks have also seen two key European pensions developments. On 25 January 2016, the European Parliament voted on amendments to the revised IORP (Institutions for Occupational Retirement Provision) Directive, whilst the following day EIOPA (the European Insurance and Occupational Pensions Authority) published the results of its first stress tests into pensions. This briefing note looks at where these developments leave European pensions policy.

    Read full briefing note here

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

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