Pension scheme trustees considering requests by employers to delay contributions into defined benefit (DB) schemes need more stringent plans for how contributions will be ‘switched on’ again, according to Lane Clark & Peacock (LCP).
As the crisis drives up corporate bond yields, Phil Cuddeford explores the issues for scheme sponsors to consider when communicating their schemes’ accounting positions
Hundreds of employers are to seek to make use of deficit repair contribution (DRC) suspensions, says Lane Clark & Peacock (LCP).
Around £25bn of buy-ins and buyouts are set to be transacted this year despite the Covid-19 challenges, according to Lane Clark & Peacock (LCP).
Pension transfer activity has dropped to the lowest level since the introduction of the pension freedoms, research by Lane Clark & Peacock (LCP) reveals.
Key players in the Dock Workers Pension Fund tell James Phillips the tale of getting to endgame ahead of plan
Lane Clark & Peacock (LCP) has said it is focussing on riding out short-term uncertainty and has promoted 14 partners in a bid to contribute to the sustainable growth of the business.
The Financial Conduct Authority (FCA) has postponed its decision on whether to ban contingent charging on defined benefit (DB) transfers by up to six months.
Lane Clark & Peacock partner Steve Webb has called on the treasury to relax rules which could act as a barrier to people aiming to rebuild their pension pots when the Covid-19 crisis is over.
The Pensions Regulator (TPR) must “strike a balance between getting pension scheme deficits tackled swiftly and not pushing so hard as to jeopardise the long-term future of the employer”, according to Lane Clark & Peacock (LCP) senior partner Bob Scott....