With the deadline for trustees to take action to reduce their Pension Protection Fund levies approaching fast, here are five steps schemes can still take:
1. Deficit Contributions - significant deficit contributions made since the last valuation can be certified to the PPF until 10 April. Aon Hewitt Senior Consultant & Actuary Milan Makhecha said: "Furthermore,...
A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.
The DB white paper sets out plans to review the funding regime, with 'prudent' and 'appropriate' possibly redefined. But James Phillips asks if this could this signal a return to an MFR-like approach?
The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.