Two Court of Appeal judgments have allowed schemes to introduce a pensionable pay cap. James Phillips explains the reasons why and what to be aware of
For defined benefit (DB) schemes still open to accrual, the ability to impose a cap on increases in pensionable pay can be a way of stemming a growth in liabilities. Yet the route to doing this does...
Caroline Kurup explores the latest TPR guidance on superfund transfers and what scheme trustees should be considering
Pension scheme trustees and sponsors should only seek to transfer members’ benefits to a defined benefit (DB) consolidator if there is no “realistic prospect of buyout in the foreseeable future”, The Pensions Regulator (TPR) says.
Guy Opperman says two page, simpler statements as well as an annual ‘season’ in which to issue them could be transformative steps for the UK pensions industry
A second pensions bill is likely during the “life of this parliament”, according to pensions and financial inclusion minister Guy Opperman.
A “legitimate debate and discussion” is needed over future auto-enrolment (AE) contribution rates, says Guy Opperman, and that could take place next year.