DB & DeriskingRSS

Are you ready for pensions in 2022?

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CPD: Gowling WLG’s Ian Chapman-Curry looks forward to a momentous year for the pensions industry, with key parts of the Pension Schemes Act due to come into force and continuing progress on the pensions dashboards and defined benefit scheme funding regime, among others.

Accountancy institute publishes DB guidance for auditors

News on the go

On the go: The Institute of Chartered Accountants in England and Wales has published new guidance aimed at helping auditors understand defined benefit pension scheme figures and establishing best practice when filing requests for information.

Weekly Roundup: I’m on McCloud nine

High court building (teaser)

This week — High Court dismisses police officers’ McCloud review, calls for the government to rethink planned pension age increases, Nest closes its redundant — and confusing — Pre-retirement Fund, and Zedra acquires trustee services and governance provider PTL.

Imperial Tobacco agrees £1.8bn deal, charity completes full buy-in

Risk Watch

Risk watch: A roundup up of the latest derisking transactions, including the Imperial Tobacco Pension Fund’s 1.8bn deal with Standard Life, and the Royal National Mission to Deep Sea Fishermen Retirement Benefit Scheme’s full buy-in with Legal & General.

Access pool criticised by LGPS board over policy failings

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Investment pool Access has earned the ire of the Local Government Pension Scheme Advisory Board, having failed to implement a policy on member representation that was decided in 2017.

High Court rebuffs police officers’ McCloud judicial review

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The High Court has rejected a judicial review claim brought by the Police Superintendents’ Association against the government’s McCloud consultation, despite finding legal errors in the process.

DB schemes’ surplus rises by £48bn in December

News on the go

On the go: The aggregate surplus of the 5,215 defined benefit schemes in the Pension Protection Fund 7800 Index increased by £47.9bn in December.

Parliament moves to ban flat fees on small pots

News on the go

On the go: Regulations have been laid before parliament that will see flat fees banned for pots of under £100, which the government hopes will benefit hundreds of thousands of savers.

LGPS seeks UN clarity on Israel investment comments

News on the go

On the go: The Local Government Pension Committee and the Local Authority Pension Fund Forum are to arrange a call with UN special rapporteur Michael Lynk, seeking clarity over his comments on investments in contested Israeli settlements.

Corporate services company acquires trustee firm PTL

News on the go

On the go: Zedra, a corporate services and fund solutions company, is expanding its UK pensions offering with the acquisition of trustee firm and governance provider PTL.