Pensions news is a weekly summary of those pensions news items that are particularly relevant to the corporate reader.
In the news this week, worrying results from pension scam research, a longevity swap conversion and CPI at its lowest level for nearly three years.
In the news this week, the Regulator confirms there are 37 authorised master trusts, the DWP consults on simpler annual benefit statements for DC arrangements, the ACA urges tax simplification and university staff are set to strike again.
In the news this week, HMRC aims to provide GMP equalisation tax guidance in December, the CMI publishes the latest quarterly mortality figures and the Pension Schemes Bill is dead in the water.
In the news this week, an ACA survey reveals employers’ intentions with regard to GMP equalisation, the DWP proposes substantial increases to the general levy and Aviva completes a large buy-in for its own staff pension scheme.
In the news this week, Asda insures all its DB liabilities, with bac’s support, September’s CPI is published and the Pension Schemes Bill finally emerges.
In the news this week, a Pensions Bill is set to be unveiled in the Queen’s Speech on 14 October 2019 and a third large Rothesay Life buy-in is announced within a fortnight.
In the news this week, guidance on GMP equalisation is published, the Regulator cracks down on record keeping and another large buy-in is announced.
In the news this week, the Thomas Cook pension schemes are likely to enter PPF assessment, the PPF publishes plans for an 8% increase in its levy in 2020/21, the GEC 1972 Plan secures the largest bulk annuity to date and the FCA publishes retirement income data for 2018/19.
In the news this week, Tate & Lyle insures all its DB liabilities whilst the PPI publishes its DC Future book and a report on DC charging structures.