GMP reconciliation is going to be an expensive nightmare for the LGPS, finds Stephanie Baxter.
At a glance Reconciling with HMRC could cost the LGPS around £300m Reconciliation is likely to uncover significant over or under payments LGPS administration resources are already under...
NFU Mutual the fastest
Regulatory guidance “could set too high a hurdle” for superfunds, Lane Clark and Peacock (LCP) warns.
Around one in 25 pension schemes have made use of regulatory easements to deficit recovery contribution (DRC) payment schedules, according to The Pensions Regulator (TPR).
Schemes and their administrators have rightly received much praise for ensuring that pensions have continued to be paid in full and on time during an unprecedented period of disruption.
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the September 2020 estimates on the various measures…