The debate over whether schemes should be able to change statutory pension increases from RPI to CPI continues with calls for a statutory override to be put in place. Kristian Brunt-Seymour considers its feasibility
At a glance: Schemes with any funding challenges are often keen to move to CPI Ambiguous wording of scheme rules have led to several High Court cases Sponsoring employers may need to make business...
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
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).
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.