The funding regime for Defined Benefit (DB) pension schemes is changing and there are significant implications for the sponsors of those schemes. Make sure you engage with your trustees at an early stage to avo...
Pensions
We submitted our response to The Pensions Regulator (TPR) on its thinking behind a new Defined Benefit (DB) Funding Code. In general we are supportive of the direction of travel TPR are going in. However, there...
Defined benefit (DB) transfers can provide difficulties for Trustees and are often a source of frustration for members. Traditionally most such transfers would have taken place between two DB schemes, and such ...
In these challenging times for businesses, the risk of insolvency is at a heightened level. According to The Insolvency Service, 2019 saw the highest level of company insolvencies and administrations since 2013...
Given the amounts of money contained in pension pots, they will always attract the attention of scammers. Although in some individual cases the amounts may fall short of those required to provide the member wit...
The ongoing coronavirus pandemic is undeniably having widespread human, social and economic costs around the globe, and government and business leaders in every country are focussing their efforts to control it...
If you read nothing else in this blog, here are some of the key takeaways for anyone involved in running a pension scheme: Over 40,000 employers were fined by The Pensions Regulator (TPR) for non-compliance re...
It was interesting to read that almost 60% of sector colleagues will be looking at Guaranteed Minimum Pension (GMP) equalisation as a priority over the coming months. Last year, Broadstone advised three female ...
Trustees and sponsors are fully aware that legislation allows them to embrace a degree of risk for funding. Indeed, the funding plans for almost all defined benefit (DB) schemes will have some exposure to coven...
