Defined benefit transfers activity has declined significantly in recent months, with the cash lump sums available to those looking to switch falling by around a third over the last year. Analysis by...
The health of the FTSE100 DB schemes improved significantly last year, with new figures showing funding levels increased from 110 per cent to 120 per cent over the year. In total the aggregate...
The aggregate surplus of defined benefit schemes rose markedly in May as rising gilt yields drove funding levels higher, alongside a change in the PPF methodology. The PPF 7800 Index showed that...
David Fairs is urging for rule changes to allow more members of defined benefit (DB) pension schemes to benefit from pension freedoms. Fairs brought to light the difficulties DB pension holders experience...
The de-risking market is on track to hit record volumes this year with £45bn to £60bn of transactions according to pension consultants LCP. It is prediction as many as 15 transactions at...
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...
