Now the dust has settled following the introduction of the pension simplification rules, the advantage handed to contract based arrangements over trust based arrangements is plain for all to see.
Despite seeking to level the pensions’ playing field, actuarial and consulting specialist Spence & Partners says the new rules have given contract based arrangements a significant advantage. Read more »
On Monday 18th February 2008 The Pension Regulator published a draft statement modifying its approach to looking at mortality assumptions within defined benefit pension schemes. The approach has been developed in light of emerging evidence coming primarily over the last year from recovery plans submitted to the Regulator. Read more »
Many final salary pension schemes will see liabilities jump on the back of a change in tack by the Pensions Regulator.
Schemes are now expected to take a harder line on the assumptions they make about future annual improvements in life expectancy. Those that make assumptions weaker than the Long Cohort assumption can expect to come in for further scrutiny. Read more »