In November last year, amid great uncertainty regarding the pandemic, in the pensions industry a small but significant announcement was made by the Pensions Regulator (TPR). Clara Pensions, the UK’s first commercial consolidator...
There has been a significant fall in DB transfer activity, with the number of people seeking transfer quotations falling to a seven-year low. Analysis by pension consultants LCP shows transfer quotations are...
Almost nine out of 10 companies with DB pensions have now reviewed their benefit offering, with a significant number opting to restrict access to these schemes — according to Aon’s latest survey....
The industry has responded to the draft funding code of practice for defined benefit (DB) pension schemes released today by The Pensions Regulator (TPR) along with a consultation paper. The consultation will...
Defined benefit schemes need to consider accounting implications when looking at buy-ins and bulk annuity purchases. The warning comes from Hymans Robertson which says that it expects further growth in this market...
Nearly one in three large employers have experienced difficulties recruiting staff with specialist pensions management skills and relevant expertise to run their internal pension schemes. The survey, by Ross Trustees found that...
After the mini-crisis of the Truss era, the dust appears to be settling for the DB pension sector as gilt yields moderate. Yet questions remain for the regulator, trustees and investment consultants...
More than 1,000 members of the British Steel Pension Scheme (BSPS) will receive compensation of £49m after being mis-advised to transfer out of the defined benefit scheme. The Financial Conduct Authority confirmed...
Hymans Robertson has launched a new guide for DB sponsors, designed to stop them ‘sleep-walking’ into a scheme buy out. The interactive guide aims to help corporates understand more about the endgame...
Standard Life has appointed DB pension administrator Equiniti to help its grow its bulk purchase annuity (BPA) business. Equiniti will provide full administration of both buy-in and buy-out BPA policies, designed to...
