The long-debated Pension Schemes Bill has received parliamentary approval, guaranteeing its place on the statute book.
Oversimplification must be avoided in The Pensions Regulator’s (TPR) proposed revision of the defined benefit (DB) scheme funding code, and a third way might be necessary, the industry has said.
Superfunds could be on course to complete multi-billion-pound transfers of defined benefit (DB) funds by the end of this year, Isio says.
Consultants, trade bodies, and professional societies across the pensions industry have responded relatively positively to guidance from The Pensions Regulator (TPR) that has today signalled a clear start for defined benefit (DB) scheme consolidation...
Just over 10% of sponsors have requested the suspension of deficit reduction payments – a number that is likely to rise around 19% over the coming months.
The Pensions Regulator’s (TPR) annual funding statement aims to keep up pressure on schemes but tries to avoid putting undue strain on employers at a time of crisis, the industry says.
A revised funding code for defined benefit (DB) schemes could have a £100bn impact on pension schemes and employers when published, KPMG analysis has found.
Asset-backed funding arrangements became more prevalent in 2012 as a wider variety of companies used a greater array of assets to fund deficits, says KPMG.
Sponsoring employers could be given unilateral powers to amend defined benefit scheme rules without trustee consent to offset a £4.2bn spike in National Insurance costs.
Grasping the nettle of guaranteed minimum pensions
The government will save more than £2.5bn through a clampdown on "complex asset- backed funding structures" that allow firms to over-claim tax relief, says George Osborne.
Asset-backed pension scheme contributions could exceed £10bn in the next five years, latest research finds.
Schemes conducting pension increase exchange exercises must provide personalised statements and a helpline to help members understand their choice, a consultant argues.
Pensions deficits have become more affordable to blue chip companies despite almost doubling in size this year to £70bn, research finds.
Jenna Towler comments on the rise of the ETV
The International Accounting Standards Board has published the final IAS19 standard, confirming key changes that could see £10bn wiped off UK company profits.
The move to CPI for pension indexation will reduce defined benefit liabilities by about £60bn by the end of the year, KPMG says.
Tax relief on contracting out should be scrapped for all pension schemes by 2012, the Office of Tax Simplification recommends.
The ‘small print lottery' over RPI/CPI usage in company pension schemes means some pensioners will see their income reduced by 20% over 20 years, KPMG says.
A large part of the industry has slammed the government's announcement preventing private sector schemes the power to override scheme rules enabling a shift from RPI to CPI indexation.
Trustees have been handed more than £4bn from scheme sponsors through asset-backed funding structures, research from KPMG reveals.
My first morning back at work following a two-week break in the sun started with a bump - with Radio 4 talking about three separate pensions stories.
More than a third of FTSE100 firms cannot plug their pension scheme deficits using current discretionary cash flow, KPMG warns.
Majority of schemes polled claimed deferred members would be hit by move