Hymans Robertson announces today that it has acquired Bath Actuarial Consulting (BAC). At the same time Andrew Udale-Smith and Leonard Bowman from Bath Actuarial Consulting (BAC) will be joining the firm as new Partners.
In the news over the last week, the DWP responds to its consultation on climate risk governance and reporting for pension schemes, transfer-blocking powers could be on the horizon, MaPS delivers on pension guidance and there’s more de-risking.
In the news over the last week, the Pension Schemes Bill is at the final hurdle, automatic enrolment limits are reviewed, there is new research into trustee decision-making, the FCA sees signs of improvement in DB transfer advice and a full buy-in is completed.
In the news over the last week, the Regulator provides an interim response to its funding code consultation, the Pensions Minister confirms TPR’s new powers will not be retrospective, a ban will be introduced to stop flat fees being charged on small pots and the Dormant Assets Scheme expands to cover pensions.
In the news over the last three weeks, TPR’s scam campaign gathers momentum, retail woes continue and some certainty is provided on UK State pension increases for those living overseas.
In the news this week, the data standards for Pensions Dashboards are published, there is a new consultation on the general levy, the PPF sets its levy for 2021/22, the Small Pots working group publishes its first report, the CMI confirms that 2020’s mortality experience will be ignored in its core model for CMI_2020, the Budget is to be on 3 March 2021 and more risk reduction activity is announced.
In the news this week, the Regulator blogs on the new funding code and plans new questions for DB scheme returns, whilst it has been a good week for risk reduction transactions.
In the news this week, there’s a new Purple book, the Arcadia schemes enter PPF assessment, the Court of Appeal overturns the decision to block a transfer of annuity business and another buy-in is completed.
In the news this week, RPI will align with CPIH from 2030, the Chancellor announces a new National Infrastructure Strategy and the triple lock for State pensions is maintained.
In the news this week, the second Lloyds judgement says that historic transfer payments need to reflect GMP equalisation, the Pension Schemes Bill moves back to the Lords, TPR gets tough on AE compliance, the FCA surveys DB transfer advisers again and another buy-in is completed.