The Actuarial Profession has revised its guidance on how actuaries should manage conflicts of interest when advice is provided to both trustees and sponsorting employers.
The revision to Actuarial Practice Standard APS P1 - which will take force from 1 July 2013 - will restrict the advice which can be given to sponsoring employers by the individual who is the scheme actuary...
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.