The European pensions regulator has launched a stress test to look at the impact of a market crash or longevity shock on defined benefit (DB) and defined contribution (DC) schemes.
The exercise is being carried out by the European Insurance and Occupational Pensions Authority (EIOPA) and will look at 17 countries, including the UK. DB schemes will have to calculate the impact...
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.