Spence & Partners latest blog for Pension Funds Online –
31st March and 5th April are common dates for pension scheme valuations. The popularity of 5th April dates back to 1997, when trustees and employers were able to squeeze in one last valuation before the Pensions Act 1995 took effect for valuations from 6th April 1997 onwards.
There is, however, a problem with valuation dates of 31st March and 5th April in 2013. And, for a change, it is a good problem! Current market conditions have improved scheme funding levels to such an extent that the results from earlier valuation dates are effectively redundant. Read more »