Pensions news is a weekly summary of those pensions news items that are particularly relevant to the corporate reader.
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.
In the news this week, the Pensions Regulator takes action against trustees and another Work and Pensions Secretary arrives.
In the news this week, the Chancellor announces a consultation on changes to the RPI, trustees successfully challenge their DC investment fund provider on charges and one of the GKN schemes splits into four.
In the news this week, Britvic seeks to change RPI to CPI, Cadbury buys in, whilst TPR’s AE figures show how many workers are outside the AE net.
In the news this week, the Government aims to tackle annual allowance problems in the NHS, HSBC banks a £7 billion longevity swap whilst Phoenix Group insures more of its own DB liabilities.