The Pensions Regulator (TPR) issued its 2020 Annual Funding Statement last month in the midst of the global Covid-19 crisis. Marian Elliott address some of the issues trustees will be facing when completing a valuation in this environment.
1. LTFT is here to stay but the DB funding code consultation has been postponed In line with previous statements, TPR still expects trustees and their sponsors to set a Long-Term Funding Target ("LTFT") and...
The government should consider handing to a minister the specific responsibility for tackling the growing number of scams across the finance sector, AJ Bell says.
The Transparency Task Force (TTF) has published an open letter to prime minister Boris Johnson asking him to take a personal interest in pension scam problems and push for legislative flexibilities for scam victims.
Pensions and financial inclusion minister Guy Opperman has confirmed a cross-sector working group to address the problems caused by small pension pots.
Outgoing chief executive calls on regulator to change
The time flexibility provisions introduced to help schemes which need to report late payments from employers for workplace pension schemes will be revoked, The Pensions Regulator (TPR) has confirmed.