The Pension Protection Fund should be turned into a ‘superfund’ to boost investments into the UK economy according to Tony Blair’s Institute for Global Change think tank. Its ‘Future of Britain’ initiative...
New regulations, designed to identify potentially high-risk pension transfers, may be picking up high numbers of potentially low-risk transfers that simply relate to overseas investments. Ahead of a potential review of these...
Broadstone has appointed Jeremy Clack as its senior actuarial director. Clack joins from Willis Towers Watson where he has worked for most of his 20-year career. Over this period Clack has worked advising...
The Financial Conduct Authority has censured Lighthouse Advisory Services for the unsuitable advice given to those looking to transfer out of defined benefit pension schemes. These “serious failings” occurred between 2015 and...
The Financial Reporting Council (FRC) has published a consultation to revise Technical Actuarial Standard 300 (TAS 300) and introduce Technical Actuarial Standard 310 (TAS 310), aimed at ensuring the actuarial standards in relation...
Despite the increase in activity in the risk transfer market, any schemes still have some way to go on their de-risking journey, according to a recent survey by pensions law firm Sackers. ...
The aggregate surplus of defined benefit schemes continued to increase through April, rising from a surplus of £359.3 billion at the end of March to £378.6 billion, according to the latest industry...
The Pensions Regulator is writing to trustees at hundreds of pension funds asking them to ensure members' information has not been compromised following a data hack at scheme administrator Capita. Capita —...
The Pensions Regulator (TPR) has pushed back the publication of its new defined benefit funding code until April 2024. This new code was initially due to be be finalised and implemented in...
Actuaries advising UK-defined benefit pension schemes at times fail to adequately express the sponsor's objectives in financing advice, according to the Institute and Faculty of Actuaries (IFoA). The thematic assessment on corporate...
