Consulting Actuaries

2014

We regularly issue articles to keep you informed on topical issues affecting your pension scheme. Our articles from 2014 can be viewed below.

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A gift from No.11?
In his 2014 Budget, the Chancellor gifted considerable flexibility to defined contribution (DC) pension pots from April 2015. Is the Chancellor’s gift valuable or just an empty box?
Thursday, 18 December 2014
A good year for DB pension schemes?
UK equity markets have failed to impress over 2014, as global economic growth stalls and oil prices fall. On the other hand, corporate bond yields have fallen significantly. What does this mean for employers with defined benefit (DB) pension schemes?
Wednesday, 10 December 2014
Integrated Risk Management – a new concept?
The Defined Benefit (DB) Funding Code of Practice emphasises the concept of Integrated Risk Management. But what is Integrated Risk Management in practice?
Monday, 06 October 2014
Scottish Referendum - the status quo?
In an historic vote, Scotland has chosen to stay in the UK. Does this mean we can all forget it ever happened and continue with the status quo? Is it back to business as usual?
Friday, 19 September 2014
New DB Funding Code – a tough balancing act?
The Pensions Regulator (TPR) has revised Code of Practice 03 (Funding Defined Benefits) to deal with its new objective on Scheme Funding: “to minimise any adverse impact on the sustainable growth of an employer”
Monday, 28 July 2014
Higher PPF levies from 2015?
The Pension Protection Fund (PPF) is consulting on proposals to change how the PPF levy will be calculated from 2015 onwards. The proposed changes will result in “winners and losers”.
Monday, 07 July 2014
A ban on DB scheme transfers?
The 2014 Budget was widely portrayed in the media as introducing flexibility for money purchase arrangements, but also included some potentially significant restrictions for defined benefit (DB) schemes.
Wednesday, 28 May 2014
DB funding continues to improve?
Equities and property have performed well since April 2013 and both corporate bond and gilt yields have risen. Does this mean the finances of defined benefit (DB) pension schemes are improving?
Monday, 31 March 2014
Budget 2014 - Our Initial Comments
Defined Contribution (DC) pensions were centre-stage in the Budget, but hidden in the associated consultation document are proposals that could change Defined Benefit (DB) schemes significantly, including a ban on transfer values to DC arrangements and increases to the minimum pension age.
Thursday, 20 March 2014
FRS102 impact on DB schemes
The end of FRS17 ... the start of FRS102.
Monday, 03 March 2014