Pensions strategy

 

 Overview

 
We use a consultative and collaborative framework to gain a thorough understanding of your business, employee benefits strategy and ongoing objectives, to make sure your pension scheme is established in line with your company’s core values.

The introduction of compulsory auto-enrolment will enshrine the employer’s role in pension provision. Soon, every company in the UK will be legally required to contribute to a qualifying pension scheme on behalf of their eligible employees. In addition, the Pensions Regulator keeps DC governance firmly on its radar. The responsibility on sponsoring companies to provide adequate and robust pension provision grows ever larger.

Our defined contribution team provide:

  • guidance on what auto-enrolment and pension reform means for you
  • advice on contribution levels, scheme design and communication packages
  • bespoke modelling tools to demonstrate the impact of different financial, economic and legislative scenarios on your benefit package
  • in-depth market knowledge and experience to create the best course of action for you
     
 

 Insights and views

 
    Government sets 0.75% charge cap for auto-enrolment schemes and will ban commission
    31 March 2014
    The government has introduced a 0.75% charge cap on the default funds of qualifying schemes used for auto-enrolment from April 2015 and has confirmed that from April 2016 commissions and active member discounts will be banned.


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    Pensions Bulletin March 2014
    10 March 2014

    In the latest issue of our Pensions Bulletin, we focus on journey plans and integrated risk management plans in the light of the Pensions Regulator's draft code of practice on DB funding. The Bulletin also looks at some other recent developments, including the impact of same sex marriage on occupational pension schemes and HMRC’s recent announcement on changes to its VAT policy.



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    Pensions Bulletin December 2013
    3 December 2013

    In our latest Pensions Bulletin, we examine two recent consultations from the Department for Work and Pensions which have thrown the spotlight on the gulf between defined benefit and defined contribution schemes and on the possibility of developing alternative ‘defined ambition’ designs to bridge the gap between them.

    The Bulletin also looks at some other recent developments, including new disclosure of information regulations and guidance from the Pensions Regulator on asset-backed contributions.

    We also flag key dates for your diary over the next quarter, including a breakfast briefing on 18 December on the Pensions Regulator’s consultation on a revised code of practice on defined benefit funding.



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    Auto-enrolment: the story so far
    30 September 2013

    October 2013 marks the first anniversary of the formal introduction of the new employer duties. In this note, we review developments since the largest companies have had to comply with the new duties, and look forward to what we can expect in the future.

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    2014/15 PPF levy consultation
    20 September 2013
     
    On 5 September 2013, the Pension Protection Fund (PPF) released a consultation document covering proposals for the 2014/15 levy. This is the last year of the first triennium in the PPF’s New Levy Framework under which the PPF intended that the rules used to calculate levies would be unchanged except in limited circumstances.
     


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    Update on tax protections
    10 September 2013
     
    Following the 2012 autumn statement announcement by the Chancellor of the Exchequer that the annual and lifetime allowances would be reduced again, in June 2013 HM Treasury and HM Revenue and Customs (HMRC) published a joint consultation on a new type of protection from the lifetime allowance, to be known as ‘individual protection 2014’. Also, in July, regulations were made, which are aimed at fixing some problems with the existing fixed protection regime.
     


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    Pensions Bulletin September 2013
    9 September 2013

    In our latest Pensions Bulletin, we examine the increased regulatory focus on defined contribution (DC) schemes, with a new code of practice from the Pensions Regulator for trust-based DC schemes, a DWP call for evidence on minimum DC quality standards and a review of scheme charging structures by the Office of Fair Trading.

    The Bulletin also looks at some other recent developments, including a recent European case on the recovery of VAT and the appointment of a new PPF insolvency risk provider.

    In addition, the Pensions Bulletin flags key dates for your diary over the next quarter, including some Punter Southall events.



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

 Events

 
    Improving Member Outcomes: Why It Should Matter to Employers
    30 April 2014
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    Improving Member Outcomes: Why It Should Matter to Employers
    8 May 2014
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    Budget 2014: Appealing Pension Options or Too Much Flexibility?
    14 May 2014
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    Budget 2014: Appealing Pension Options or Too Much Flexibility?
    21 May 2014
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    A Streamlined Approach to Investment Decision Making
    3 June 2014
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    Visit the Events area for all forthcoming Punter Southall seminars, conferences and events
    Speak to us

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

 DC Survey 2012