Pensions news is a weekly summary of those pensions news items that are particularly relevant to the corporate reader.
In the news this week, a good practice guide to DB transfers is launched and the professional accreditation framework for trustees is delayed.
In the news this week, another busy week for the Regulator with a major consultation on the future of trusteeship, a blog on the consolidation of smaller schemes and a joint working group with the Government on climate change. Meanwhile Smiths Industries Pension Scheme has completed its third buy-in.
In the news this week, a busy week for the Regulator which has published updated DC investment guidance and its annual scheme funding statistics
In the news this week, the GMP Equalisation Working Group divides in order to conquer, while the FCA worries about too many DB transfers.
In the news this week, there are more SIP changes on the horizon, the CMA’s investment proposals become law, a new version of the combating pension scams code is published, Nest decides to go tobacco-free and Arcadia achieves agreement to its CVA.
In the news this week voting on the Arcadia Group CVA is delayed, Rolls Royce agrees a £4.6 billion partial buyout, whilst HMRC decides not to appeal a fixed protection case and admits problems with its state pension forecasts.
In the news this week TPR publishes its analysis of schemes whose funding valuation is due this year, an entire trustee board is replaced due to lack of competence and two Scottish airports face strike action over DB closure.
In the news this week HMRC announces further delays to its provision of GMP data, new investment cost disclosure templates are launched, a case at the CJEU could improve PPF benefits, a successful PIE exercise is run and M&S buys in again.
In the news this week the DB funding code is delayed, a review of TPR has been published, John Lewis announces the closure of its DB scheme and the Court of Appeal decides a scheme’s historic pension increases were invalid.