BN179 - TPR Guidance on Engaging with Investment Consultants and Fiduciary Managers
Further to the investigation by the Competition and Markets Authority into the investment consultancy and fiduciary management services, the Pensions Regulator has now issued draft guidance to trustees on engaging with investment consultants and fiduciary managers. This briefing note discusses the ...
Government to consult on whether RPI methodology should be changed
The Chancellor of the Exchequer has announced that the government plans to consult on whether to align the RPI with the housing cost version of the CPI, known as CPIH, between 2025 and 2030. The consultation on the proposed changes is due to begin in January 2020 and will ask whether the change shou...
PwC Skyval Index shows increase in UK DB pension deficit
According to the latest PwC Skyval index, the deficit of DB pension funds has increased by £100bn compared to the previous month end and the total deficit stood at £340bn at the end of August 2019.
PPF begins to make increased payments to those affected by long service cap
The PPF have provided an update on the implementation of the European Court of Justice's judgement from last year in the case of Grenville Hampshire. After an assessment period during the summer, the PPF has begun to make increased payments to the first group of pensioners that were subject to the l...
Research shows significance of GMP equalisation
A study conducted by Equiniti has found that Guaranteed Minimum Pension (GMP) equalisation has risen to the top of pensions scheme's concerns, with 58% stating that it is a priority project. Compared with last year's data, this is a marked increase. Last year, only 15% of schemes cited GMP equalisat...