This could be in situations such as:
Pension schemes are subject to a number of different levies. This briefing note collates previously published information to help schemes understand how much they can expect to pay in 2015/16.
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In May 2015, the Pensions Regulator (TPR) published its eighth annual analysis of valuations and recovery plans, covering valuations with an effective date falling in the year to 21 September 2013. The analysis covers scheme demographics, assumptions used and details on recovery plans.
Before 2010, Pensions Ministers seemed to change faster than the latest fashions: each Minister barely had time to master his or her increasingly complex portfolio before the next Minister was knocking at the door. All that changed in 2010 where the unusual circumstances of a Coalition Government brought us the novel prospect of a Pensions Minister who stayed in post for five years and actually knew quite a lot about pensions when he took up the job.
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The Pensions Regulator (TPR) has issued its annual defined benefit funding statement aimed at trustees and employers undertaking valuations with effective dates between 22 September 2014 and 21 September 2015. This group of schemes can be viewed as an unlucky cohort, in that their triennial valuation dates have tended to fall in particularly difficult economic circumstances in 2009, 2012 and now in 2015. (They were also the cohort who first had to get to grips with the new scheme funding regime in 2006.)
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Current employer debt legislation exposes employers in multi-employer defined benefit (DB) schemes to the risk of large debts falling due and can restrict the options available for managing pension risks. This note summarises the current position and a recent call for evidence published by the Department for Work and Pensions (DWP).
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The implications of the changes that came into effect from 6 April 2015 will be wide-ranging for all. In an environment where members are embracing choice, many employers are finding increased benefits to engaging with members as they reach retirement.
Market conditions remain challenging for pension schemes and their sponsors. We provide sponsors with a discussion of accounting assumptions at 31 March 2015.
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