We started off with Spence’s own Chris Roberts presenting on auto enrolment and its progress so far. After guiding us through the long term rollout process and discussing the types of schemes already affected by auto enrolment, Chris then highlighted the various challenges faced in the coming years. These included employee contribution levels and the upcoming changes to increase pension freedom.
Richard Pettit from Burges Salmon was next up and he spoke on Pension Protection Fund “Drop-Ins”. This was a great learning opportunity for many in the group as by a show of hands very few of us had experience with PPF drop-ins ourselves. Richard spoke on the practicalities of how these come together and their merits. As well as this the group was posed the question of whether these could be deemed an easy way out in some instances.
The final presentation was given by Matt Taylor of BDO who spoke about employer covenants, looking at a method of measuring them and the purposes they can be used for. This sparked a discussion in the group around the different scenarios when it would be best to seek a detailed covenant review.
All the presentations were well received by the group and in all it was another successful event. You can download all three Future Influencer presentations here.
Here’s to many more anniversaries!