In the news this week, the CMI asks for industry views on how to allow for 2020’s mortality experience, the DWP launches a small pots working group, the autumn Budget is abandoned but the Chancellor announces new measures to help businesses, the Barclays scheme subscribes to a Barclays bond and there is another repeat buy-in.
In the news this week, the DWP confirms its determination to bring about DC consolidation of smaller schemes, the Regulator ends more of its Covid-19 easements and the Court of Appeal rejects the claim that increases in the state pension age of women born in the 1950s was discriminatory.
In the news this week, USS launches a consultation on its 2020 funding valuation, whilst the People’s Pension and the Police Foundation tackle understanding and preventing pension scams.
In the news this fortnight, the DWP consults on climate risk action for larger pension schemes, the Government confirms that the minimum pension age will increase to 57 in 2028 and de-risking activity continues.
In the news this fortnight, the Regulator is conducting an internal review, inflation bounces back up as lockdown eases, two more companies have deferred their deficit contributions and more de-risking activity takes place.
In the news this fortnight, the Regulator reports on its regulatory intervention work, the WPC launches an inquiry into pension scams, the PLSA proposes a new regulatory regime to help DC members with retirement decisions, there’s more GMP equalisation guidance and more bulk annuity deals are announced.
In the news this week, pensions tax relief is back in the spotlight, the Treasury publishes draft legislation for CDC schemes and a big 4 accountant looks to temporarily reduce its DC contributions.
In the news this week, there’s guidance on GMP equalisation from both HMRC and the GMP equalisation Working Group, and an update on the work of the Pensions Ombudsman.
This quarter’s Arena has a summary of our recent Pensions Perspective, “Emerging from lockdown”, which looked at how best to tackle the most common pension issues which companies are currently facing. It also shows all the usual financial and investment analysis for the quarter ending 30 June 2020.