UK - Schemes with liability- driven investment strategies could shave one-third off their Pension Protection Fund levy payments by doing a "bespoke" analysis of investment risk, LCP says.
The consultant said the new levy formula, which focuses in part on investment risk, delivers opportunities to reduce the amount payable to the PPF due to a more detailed analysis of LDI assets.
LCP partner Adam Michaels said: "We are urging trustees and sponsors of pension schemes to consider whether they are doing all they can to minimise their levy payment.
"Schemes with a material levy that use LDI funds or other derivative-based approaches could achieve significant savings by performing the bespoke analysis of investment risk. However, even schemes with long-dated gilts may benefit significantly."
LCP said it was already working with its clients, which include Hilton Worldwide, Rothschild and UBS, to identify annual savings which could run into hundreds of thousands of pounds for schemes.
The PPF announced its new levy for 2012/13 last week. It uses a different formula which gives a weighting to investment risk.
"The streamlined approach to bespoke analysis that we have developed further supports our commitment to save our clients money through cost-effective advice," Michaels added.
Enhanced powers for The Pensions Regulator (TPR) to prosecute and fine company directors who "wilfully or recklessly" put their defined benefit (DB) pension scheme at risk will be hard to enforce, commentators say.
Melrose has pledged to contribute up to £1bn to GKN's pension schemes as part of a final offer to acquire the engineering business.
Existing master trusts will be forced to pay £41,000 when applying for authorisation under the upcoming regime, the government has confirmed.
UPDATE 2 - DWP publishes DB white paper: Stronger powers for TPR, DB chair statements to be introduced
The Pensions Regulator (TPR) will be given the power to fine company bosses who deliberately puts their defined benefit (DB) schemes at risk, the government has confirmed.