Consulting Actuaries


We regularly issue articles to keep you informed on topical issues affecting your pension scheme. Our articles from 2015 can be viewed below.

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Pension costs are falling.......just
Equity markets have failed to impress over 2015. On the other hand, corporate bond yields have risen slightly. What does this mean for employers with defined benefit pension schemes?
Tuesday, 08 December 2015
Repayment of Surplus - s251 powers
In 2011 the Government deferred a piece of over-riding legislation that would have the effect of preventing schemes from repaying surplus to an employer. The period of deferral was for 5 years and will expire on 5 April 2016.
Monday, 23 November 2015
The end of lay trustees?
Find out about the key findings of the Pensions Regulator’s research, the value that we believe lay trustees can add and how we can help.
Wednesday, 18 November 2015
9 reasons to reconcile GMPs
HMRC’s support services for reconciling Guaranteed Minimum Pensions (GMPs) will soon be scaled down and eventually withdrawn. It is therefore vital that trustees take action now to reconcile their scheme records against HMRC’s.
Thursday, 03 September 2015
George Osborne keeps his word on pensions
The summer budget had no real surprises on pensions. Pension tax relief has been cut for some, as expected, and a green paper consultation could lead to taxation changes in the future. The new higher living wage may have some unintended consequences for defined benefit schemes.
Thursday, 06 August 2015
New accounting rules to increase costs
The 2015 version of the Statement of Recommended Practice (SORP), “Financial reports of pension schemes” introduces a new accounting treatment for annuity policies owned by trustees.
Wednesday, 03 June 2015
Politically divided and confused – What now for UK pensions?
The UK Election has been a cracker! A campaign focused on fear of each other appears to have reaped significant electoral reward for the Conservatives and the SNP. The UK’s continued involvement in Europe and the continuation of the UK Union itself are big challenges that lie ahead, but what now for pensions?
Tuesday, 12 May 2015
Transfer Values - new responsibilities
Trustees have new responsibilities in connection with the quotation and payment of transfer values with effect from 6 April 2015. Do you know what the new responsibilities are?
Monday, 06 April 2015
Roll up, Roll up, Annuities for sale
In his 2015 Budget, the Chancellor has proposed a further transformation of the pension landscape. He is consulting on measures which would give 5m pensioners the opportunity to sell their annuity. The lifetime allowance is also to suffer a further reduction. What are the implications of the 2015 Budget for defined benefit pension schemes?
Thursday, 19 March 2015
Your next PPF levy - a nasty shock or a pleasant surprise?
The Pension Protection Fund (PPF) has changed the approach it uses to calculate PPF levies. The levy invoice Trustees receive this Autumn will be the first calculated using the new approach. There will be winners and losers as a result of the changes. Will your next invoice by a nasty shock or a pleasant surprise?
Thursday, 05 February 2015