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

 
    Discounting disconnect and limited longevity?
    6 April 2017

    Does the current low level of gilt yields create a false funding burden for sponsoring employers? Has the pace of increases in life expectancy finally tailed off? We seek to help sponsoring employers understand the issues and look at alternative approaches for pension scheme funding.

    Read full bulletin here

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    Spring Budget 2017: no news is good news?
    8 March 2017

    As was the case for last year’s Autumn Statement, there were relatively few significant announcements affecting pensions in today’s Spring Budget. It remains to be seen whether there will be any fireworks at the forthcoming Autumn Budget.

    Read full alert here

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    No Need to Panic on DB Schemes?
    21 February 2017

    On 20 February 2017, the Department for Work and Pensions (DWP) published its Green Paper entitled ‘Security and Sustainability in Defined Benefit Pension Schemes’. As befits its status as a Green Paper, this is a paper that is long on questions and short on firm recommendations about the future of defined benefit (DB) pensions. The DWP’s aim is to ‘encourage an informed debate on what if anything Government may need to do’.

    Read full briefing note here

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    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. 
     

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    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

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    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

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    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
    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