Law and Regulation

Costly DB scheme regulations can result in abuses of equitable relations among stakeholders, say Iain Clacher and Con Keating.

There are many reasons why trustees may need to complete a benefit rectification exercise. Faye Jarvis explores the key considerations in these instances.

It would not be appropriate to rethink or completely abandon the planned revision to the defined benefit (DB) funding code, The Pensions Regulator (TPR).

David Fairs set outs why the regulator believes the economic fallout from Covid-19 is not a reason to abandon revisions to the DB funding regime.

With great power comes great responsibility, Vassos Vassou says, as he welcomes the Pension Schemes Bill’s drive to improve adviser accountability.

Just over 10% of sponsors have requested the suspension of deficit reduction payments – a number that is likely to rise around 19% over the coming months.

While furloughed workers are still entitled to pension contributions, Justin Corliss says employers must consider the impact of Covid-19 on their duties.

The government has been urged to extend the scheme pays deadline for NHS Pension Scheme members in light of the Covid-19 crisis.

The Pensions Regulator’s (TPR) annual funding statement aims to keep up pressure on schemes but tries to avoid putting undue strain on employers at a time of crisis, the industry says.

The Pensions Regulator (TPR) has published its 2020 annual funding statement outlining how defined benefit schemes should approach forthcoming scheme valuations.