Consulting Actuaries

2016

We regularly issue articles to keep you informed on topical issues affecting your pension scheme. Our articles from 2016 can be viewed below.

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A real tug of war!
How have DB pension costs in company accounts faired over 2016? Equity markets are likely to give double digit returns, likewise long dated bonds and gilts. However corporate bond yields have fallen and inflation expectations are on the rise.
Friday, 16 December 2016
De-risking - a ticking time-bomb?
De-risking can seriously affect your scheme’s health. That is the conclusion reached by the DB Taskforce, a group of industry experts set up to review the sustainability of DB pension schemes. Investment de-risking may increase the chance of scheme failure.
Monday, 07 November 2016
Has tPR indicated an alternative approach to funding?
The Pensions Regulator’s hot topic for defined benefit schemes is integrated risk management. When it was first heralded by tPR in 2014, this was considered a re-emphasis of the need for covenant assessments. But was this a signal to look at scheme funding from a different point of view?
Monday, 19 September 2016
Tax free cash - fair or foul?
Historically, most members of defined benefit (DB) schemes take the option of a tax free cash sum at retirement. Some say it’s only a matter of time before the terms offered by trustees of DB schemes to exchange pension for cash become the next ‘pensions rip off’ in the red-tops.
Wednesday, 31 August 2016
Are Bad Pension Regulations Destroying UK Firms?
In March the PPF estimated the pension’s black hole for UK schemes at £800 billion, double the figure of 10 years ago, despite many billions of pounds of contributions paid into schemes over the period. So what has happened? What has gone wrong?
Wednesday, 22 June 2016
Tata to the PPF
The Government is considering waiving current pension protections so that a buyer can be found for Tata Steel. Why should Tata be treated differently to any other struggling employer?
Wednesday, 15 June 2016
2016 Annual funding statement
The key messages to be taken from the Pension Regulator’s 2016 annual funding statement.
Friday, 03 June 2016
Brexit or Bremain - the implications
On 23 June the UK is to hold a referendum on its future membership of the European Union. We explore the likely economic and market implications for UK defined benefit (DB) pension schemes.
Tuesday, 19 April 2016
A reduction in funding deficits?
2013 was a difficult year for many involved in negotiating contribution requirements flowing from an April 2013 actuarial valuation. Is the position likely to have improved for April 2016 valuations?
Monday, 11 April 2016
A sigh of (tax) relief
The Chancellor has backed down from making radical changes to the pension tax system. However there are still some important changes being proposed which may shape the future pension landscape.
Friday, 18 March 2016