Five stories you might have missed: Newham SPV, deficits could rise 20-fold
Top stories on PP online this week include Mark Carney warning fund giants and potentially higher FTSE 350 DB deficits.
1. Newham Council's SPV plans called in by scrutiny committee Plans to release public funds on setting up a special purpose vehicle for Newham Pension Fund have been called in by the council's overview...
More on Law and Regulation
PPF levies: The calm before the storm?
Lewys Curteis looks at what the changes to the PPF’s levy rules mean for schemes over the long-term.
Scheme sponsors face £100bn in costs under DB funding code and pensions bill rules, says LCP
The sponsoring employers of the UK’s largest pension schemes may have to put an additional £40-£45bn into their schemes over the next decade, Lane Clark & Peacock (LCP) warns.
What trustees looking to transfer to superfunds should consider
Caroline Kurup explores the latest TPR guidance on superfund transfers and what scheme trustees should be considering
Schemes must meet three gateway principles for superfund transfers
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.
EXCLUSIVE - Guy Opperman: Why we are consigning dozen-page pension statements to the dustbin
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
