Pensions news is a weekly summary of those pensions news items that are particularly relevant to the corporate reader.
In the news this week, the Chancellor’s summer statement is pensions-lite, a call for input is launched on data standards for pensions dashboards, a company looks to bring its DB scheme closure forward by four years and another large longevity swap is completed.
In the news this week, we report on amendments to the Pension Schemes Bill, the Pensions Regulator’s analysis for 2020 valuations, TPR’s corporate plan and two de-risking transactions.
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.
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
In the news this week, a new guide for pension savers is produced, the Regulator plans to issue guidance on new capital-backed journey plans, final GMP data cuts could be issued in July, a template Chair’s statement is published and another large buy-in is completed.
In the news this week, the level of inflation falls sharply whilst the Pensions Regulator rejects criticism of its new funding code, warns DC trustees about accidental default arrangements and is set to receive new data gathering powers.
In the news this week, TPR gives guidance on DC transfers, HMRC acknowledges problems with its GMP final data cuts and, despite the volatile markets, more bulk annuity deals have been agreed.