Month: June 2020

In the news this week, the DWP reviews the default fund charge cap, the Corporate Insolvency and Governance Bill is amended, the FCA launches a value for money consultation, the High Court rules the PPF compensation cap is discriminatory and a company wins a court case to change their indexation from RPI to CPI.

In the news this week, interim guidance for DB superfunds is published, the Regulator updates some of its Covid-19 guidance and the pensions minister questions schemes about their data

In the news this week, there is possible progress on the Pension Schemes Bill but concerns are raised about the Corporate Insolvency and Governance Bill, whilst the latest CMI weekly monitoring shows a decline in excess deaths.

Covid-19 has created many challenges for DB schemes but, for those ready to transact in 2020, it may have created even more favourable market conditions for a buyout. The problem is that most schemes are not there yet. In this Briefing we look at what being “deal ready” actually means and what work it will involve.

In the news this week, there are two DB scheme closures, changes to the Coronavirus Job Retention Scheme and the FCA publishes new rules on pension transfers whilst the CMA reminds trustees about their compliance statements