TPR

Increasing complexity and weight of regulation are among the issues fueling the surge

Jacqui Woodward says small schemes may struggle to deal with the myriad issues highlighted in TPR’s annual update.

Here it is, our monthly digest of the most important pension articles Professional Pensions has written and published over the last month, along with some contextual notes.

Two pension trustees have appeared in court charged with making illegal loans from a company pension scheme to the scheme employer.

The dynamics of pension scheme cashflows change, and can change rapidly, David Fairs says.

Industry feedback on the contentious ‘employer resources test’ (ERT) is unlikely to significantly shift The Pension Regulator’s (TPR) approach to issuing contribution notices, it says.

Defined benefit (DB) pension schemes must stay alive to heightening risks to funding from sponsor covenants, climate change and longevity experience, The Pensions Regulator (TPR) says.

Trustees have been warned to keep an eye on weakening employer covenants even after a positive aggregate funding experience in the last three years as myriad funding and investment issues pose risks to defined benefit (DB) schemes.

The revised defined benefit (DB) funding code is not likely to be live until late 2022, The Pensions Regulator (TPR) has said.

Local Government Pension Scheme (LGPS) teams are under more administration pressure than ever with the raft of regulation and legislation such as McCloud, according to a Pensions and Lifetime Savings Association (PLSA) panel.