This week’s top stories included The Pension Regulator’s launch of interim guidance for the superfund market, while the regulator also extended Covid-19 easements and resumed some reporting requirements.
The Pensions Regulator has issued guidance for pension superfunds in a move which opens the door for a further wave of defined benefit scheme consolidation.
The Pensions Regulator has updated its guidance for schemes navigating funding or governance difficulties during the Covid-19 pandemic.
While the latest guidance from The Pensions Regulator provides more relief for providers, trustees are not yet able to cope with the demands of meeting its expectations, the industry says.
The Pensions and Lifetime Savings Association has written to the Department for Business, Energy and Industrial Strategy to express its concerns over the potential impact of the Corporate Insolvency and Governance Bill on schemes.
Defined benefit scheme consolidators The Pensions Superfund and Clara Pensions are both set to begin transacting as soon as possible after new guidance for their operations was issued by The Pensions Regulator.
The Financial Times has reported that Rishi Sunak is preparing to break the Conservative party’s “triple lock” state pension pledge, amid Treasury fears that the policy could become unaffordable because of the fallout from the coronavirus crisis.
While the latest guidance from The Pensions Regulator (TPR) provides more relief for providers, trustees are not yet able to cope with the demands of meeting its expectations, the industry says.
There were 4% more deaths registered in week 23 of 2020 than if death rates had been the same this time last year, down from 17% last week, according to the Continuous Mortality Investigation (CMI).
IC Select has launched a three-tiered solution to help trustees required to retender for their fiduciary management provider by 10 June next year.
The Money and Pensions Service (Maps) has a “critical role to play” in the UK’s economic recovery from coronavirus, it says in a ten-year corporate plan released today.