FORTHCOMING DEVELOPMENT: Following the publication of the White Paper ‘Protecting defined benefit pension schemes’ in March 2018, the Pensions Regulator (TPR) worked on...
In the course of running an occupational pension scheme, scheme trustees may choose to appoint an investment consultant and/or a fiduciary manager. Unlike ‘fund...
FORTHCOMING DEVELOPMENT: Through the consultation on the DB funding code published on 3 March 2020, the Pensions Regulator is consulting on the extent to which the...
THIS PRACTICE NOTE APPLIES ONLY TO DEFINED BENEFIT OCCUPATIONAL PENSION SCHEMES Asset-backed contribution arrangements are a tool, which can be used to help reduce...
Contributed by Chris Coulston and Harry Stead, Deloitte LLP The funding of defined benefit pension schemes and the volatility and risk associated with these schemes has...
Contributed by Katherine Worraker, Ian Ahkong, James Panayi and Alex Beattie of Deloitte LLP. UK registered pension schemes operated by a single employer or group of...
What is a contingent asset? A contingent asset is an asset that will generate cash for the pension scheme if certain specified (ie contingent) events occur (eg a...
FORTHCOMING DEVELOPMENT 1: The March 2018 White Paper ‘Protecting Defined Benefit Pension Schemes—A Stronger Pensions Regulator’ identified concerns about a lack of...
THIS PRACTICE NOTE RELATES TO DEFINED BENEFIT OCCUPATIONAL PENSION SCHEMES One of the most controversial issues that can arise in relation to a defined benefit...
THIS PRACTICE NOTE APPLIES ONLY TO DEFINED BENEFIT OCCUPATIONAL PENSION SCHEMES The increase in the number of underfunded defined benefit occupational pension schemes...
The European Market Infrastructure Regulation (EMIR) EMIR introduced requirements to improve transparency and reduce risks associated with the derivatives market. It...
EMIR—Introduction Key requirements The European Market Infrastructure Regulation (EU) 648/2012 (EMIR) is the principal EU measure regulating the over the counter (OTC)...
THIS PRACTICE NOTE APPLIES TO REGISTERED OCCUPATIONAL PENSION SCHEMES As a general rule, subject to the specific governing provisions of their trust deed and rules,...
THIS PRACTICE NOTE APPLIES TO DEFINED BENEFIT OCCUPATIONAL PENSION SCHEMES FORTHCOMING DEVELOPMENT 1: The March 2018 White Paper ‘Protecting Defined Benefit Pension...
What is environmental social governance (ESG)? Environmental social governance (ESG) is an umbrella term covering a range of environmental, social and governance factors...
FORTHCOMING DEVELOPMENT 1: The Pensions Regulator has co-established an industry working group on climate change to produce guidance for pension schemes on...
A pension scheme deficit exists when the scheme’s assets are less than its liabilities. There are a number of ways of measuring the deficit, eg: • on the scheme funding...
The management of assets belonging to another person on a discretionary basis is a 'regulated activity' overseen by the Financial Conduct Authority (FCA). As a rule...
FORTHCOMING DEVELOPMENT 1: The March 2018 White Paper ‘Protecting Defined Benefit Pension Schemes—A Stronger Pensions Regulator’ identified concerns about a lack of...
Pension schemes and their sponsoring employers are faced with a number of risks in relation to their defined benefit pension schemes, one of the most worrying of which is...
FORTHCOMING DEVELOPMENT: Following the publication of the White Paper ‘Protecting defined benefit pension schemes’ in March 2018, the Pensions Regulator (TPR) worked on...
THIS PRACTICE NOTE APPLIES TO OCCUPATIONAL PENSION SCHEMES AND PERSONAL PENSION SCHEMES. In view of the nature of defined contribution pension schemes and particularly...
THIS PRACTICE NOTE APPLIES ONLY TO DEFINED BENEFIT AND HYBRID OCCUPATIONAL PENSION SCHEMES. Before 6 April 2006 (A-Day), trustees of ongoing schemes that were in surplus...
FORTHCOMING DEVELOPMENT 1: The March 2018 White Paper ‘Protecting Defined Benefit Pension Schemes—A Stronger Pensions Regulator’ identified concerns about a lack of...
Produced in partnership with John Hamilton of Blake Morgan THIS PRECEDENT APPLIES TO SCHEMES UNTIL 5 APRIL 2016. FOR FURTHER INFORMATION, SEE PRACTICE NOTE: Payment of...
FORTHCOMING DEVELOPMENT 1: The March 2018 White Paper ‘Protecting Defined Benefit Pension Schemes—A Stronger Pensions Regulator’ identified concerns about a lack of...