Scheme restructuring

Scheme restructuring guidance:

This Practice Note focuses on the considerations applicable on and from 6 April 2016, the date on which contracting-out on a salary-related basis (also known as DB...

Practice Note

Reducing the financial burden of defined benefit schemes on employers Recent years have seen many employers seeking to escape or limit their exposure to the rising costs...

Practice Note

At the core of DB consolidation is the idea that scale matters, with the aim being to harness the benefits of scale within the occupational pension scheme regime to...

Practice Note

THIS PRACTICE NOTE APPLIES ONLY TO DEFINED BENEFIT OCCUPATIONAL PENSION SCHEMES The increase in the number of underfunded defined benefit occupational pension schemes...

Practice Note

Employers are required by statute to consult with members or their representatives for at least 60 days before making a ‘listed change’ to occupational or personal...

Practice Note

While pension scheme incentive exercises allow employers to manage and minimise liabilities under defined benefit (DB) schemes, such exercises present potential dangers...

Practice Note

THIS PRACTICE NOTE ONLY APPLIES TO DEFINED BENEFIT OCCUPATIONAL PENSION SCHEMES For employers who operate more than one defined benefit occupational pension scheme within...

Practice Note

An employer may propose the restructuring of a defined benefit pension scheme for a variety of reasons. These include: • the need to ensure that the pension scheme...

Practice Note

Although each insurance company will have its own policy documentation, they usually include similar processes and provisions. Typically, the documentation will be made...

Practice Note