Consulting Actuaries

2012 and earlier

We regularly issue articles to keep you informed on topical issues affecting your pension scheme. Our articles from 2012 and earlier can be viewed below.

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Government clarifies definition of money purchase benefits
The Government have now clarified the statutory definition of money purchase in the Pensions Act 2011.
Friday, 25 November 2011
Keeping pension schemes affordable
Despite the current economic climate, employers can still put an affordable recovery plan in place.
Wednesday, 07 November 2012
Will European pension changes affect your company's accounts?
They may have a huge effect on the profits and financial statements of some companies.
Wednesday, 26 September 2012
Pension scheme funding in the current environment
The Pensions Regulator published its first annual statement on funding at the end of April 2012. Read a summary here.
Thursday, 03 May 2012
Government consultation on GMP equalisation
It's important that trustees and scheme sponsors consider how to respond to this consultation as it could have major effects on many defined benefit schemes.
Wednesday, 07 March 2012
Pension Protection Fund changes 2012/13
The Pension Protection Fund has now finalised changes to the way it will calculate their annual levy.
Wednesday, 04 January 2012
Who is your employer?
A seemingly simple but incredibly important question.
Friday, 28 October 2011
Is your money purchase scheme now defined benefit?
New legislation will mean that some schemes may no longer be classed as money purchase.
Wednesday, 03 August 2011
Changes to IAS19
Revisions to IAS19 (the international accounting standard covering employee benefits) will come into effect for financial periods starting on or after 1 January 2013.
Wednesday, 06 July 2011
2011/12 PPF levy
The Pension Protection Fund (PPF) has published details of how the 2011/12 levy will be calculated.
Wednesday, 09 February 2011
The switch from RPI to CPI
How might your scheme be affected by the change from RPI to CPI for statutory minimum pension increases?
Wednesday, 01 December 2010
Pensions tax relief
Changes to tax limits on pension savings – the effects.
Thursday, 14 October 2010
Draft 2011/12 PPF levy proposals
The PPF has published proposals for the 2011/12 levy calculation. How will this affect your scheme?
Thursday, 07 October 2010
2010/11 PPF levy
The Pension Protection Fund (PPF) has published details of how the 2010/11 levy will be calculated.
Monday, 11 January 2010
Accounting for pensions
The future of UK pension accounting – further alignment with International standards
Wednesday, 16 September 2009
SSF - what does it involve?
Actuarial valuations after 21 September 2005 will be subject to the scheme funding regime introduced by the Pensions Act 2004. Scheme trustees (in conjunction with the sponsoring employer) must now choose their own funding objective and how to achieve it.
Thursday, 04 June 2009
Conflicts of interest
A trustee’s and actuary’s viewpoint
Friday, 03 April 2009
The 2009/2010 PPF levy and beyond
The Pension Protection Fund (PPF) has published details of how the 2009 and future levies will be calculated.
Monday, 19 January 2009
PPF Levies – A stable future? Not this year
If you expect a scheme’s 2008/09 levy to be the same as the 2007/08 levy, then think again. It may be significantly higher or lower.
Monday, 28 July 2008
Transfer values
New regulations on the calculation of transfer values become effective from 1 October 2008.
Monday, 05 May 2008
A stable future for your PPF levy
The Pension Protection Fund (PPF) is consulting on proposed changes for the future calculation of the PPF levy. We encourage you to submit your thoughts
Wednesday, 26 September 2007
Modification of subsisting rights
From 6 April 2006, there has been greater flexibility for scheme rules to be modified (whilst also protecting members).
Wednesday, 15 August 2007
Age discrimination
From 1 December 2006, the Employment Equality (Age) Regulations 2006 will apply to pension schemes.
Thursday, 07 December 2006
Update on PPF levies
The PPF has published proposals for the structure of the 2006/07 pension protection levy.
Monday, 05 December 2005