Pensions

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Pensions

A decade of RDR and auto enrolment – market & pricing changes over the last ten years and the impact on decisions made when setting up a pension

Ten years is a long time in most situations, but in the case of the last decade in the world pensions, it’s been game-changing – literally. Roll back the clock to 2010 or so, and as an employer, you had discret...

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Pensions

Good governance is worth its weight in gold

Pension scheme governance should not be viewed as a chore or even a tick box exercise – a message endorsed by all the pensions regulatory authorities. In fact, it should be approached with relish, recognising t...

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Pensions

Is it possible to close the gender pay and pension gap?

Several reports released this month suggest that despite our best efforts the gender pay gap does not seem to be closing. The Fawcett Society cite the pandemic for slowing down progress in this area. They have ...

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Pensions

The impact of high inflation for DB pension schemes

CPI inflation in the year to January was 5.4% – higher than at any other time in the last 30 years. Trustees and sponsors of defined benefit pension schemes need to make sure they understand the implicati...

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Pensions

Lower levies for small DB pension schemes

Most DB pension schemes will now have received and settled the invoice for the 2021-22 PPF levy. The calculation of the levy amount is complex and depends on various factors but is expected to be fairly stable ...

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Pensions

Small scheme consolidation – new Value for Members push

The government’s drive to push ‘smaller’ trust-based defined contribution (DC) pension schemes into larger ones intensifies in the coming months. The DWP’s guidance is out – on the new ‘net return’ ...

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Pensions

The Pensions Regulators (TPR’s) new powers – Fines

1 October 2021 may well be a watershed date in the history of pensions, but I don’t think anyone is going to prison. Many years ago in the aftermath of the Sir Robert Maxwell pension scandal we had swathes of n...

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Pensions

New Code of Practice – an opportunity for effective change?

The pensions industry got its first look at The Pensions Regulator’s new code of practice earlier this year and adapting to the changes could be a significant undertaking for trustees and managers of pension sc...

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Pensions

SMEs need to review their pension provider

It’s well-known that many of us remain with the same providers for insurance, utilities, mortgages and so on – simply because it’s the easy option. However, in our professional roles, the easy option is n...