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Introduction TPR published its 2013 annual funding statement on 8 May 2013. This year’s annual statement is relevant for trustees and employers of all DB pension schemes, but is primarily aimed at those who are undertaking valuations...
Introduction In a Budget that generally contains little that is new for workplace pension schemes, the Chancellor has announced the introduction of a new objective for TPR. In this Alert: Key points A new statutory objective for TPR...
Background The Call for Evidence by the DWP on “Pensions and Growth” asks whether there is a need for: legislation to explicitly allow the ‘smoothing’ of asset values and liabilities in funding valuations (i.e....
Introduction On 25 January 2013, the Government took the first steps along the road to making possible changes to the DB scheme funding regime by issuing “A call for evidence” relating to the “smoothing” of assets...
Introduction The Finance Act 2012, which received Royal Assent this week1, brings into force legislation on employer-asset backed contributions (ABCs) to occupational pension schemes, aimed at clamping down on arrangements that deliver...
Introduction TPR has today published the first in what is to be a series of annual statements on scheme funding. Aimed at providing guidance for trustees of DB schemes who are going through the valuation process, the statement sets out...
Introduction The PPF has strengthened the certification requirements for Type A contingent assets1 in response to concerns that, under the previous arrangements, some guarantors did not have the financial resources to meet their guarantee...
