Tag Archives: TPR

Association of Pension Lawyers dubious about tPR’s DB funding code

Posted on September 15, 2020 by

      Editor’s note Apologies to the APL and to readers for the poor reproduction of Rosalind Connor’s letter. This is due to the shortcomings of my PDF reading rather than a failure of the APL to correctly format … Continue reading →

Posted in Blogging, later life, leadership | Tagged , , , , , , | 1 Comment

“Shape up or shape out” – DWP give small DC schemes one year’s notice

Posted on September 13, 2020 by

   It is not acceptable for savers to be enrolled in arrangements that do not deliver value in terms of costs, investment returns or secure and resilient governance. Government would expect trustees acting in the best interests of their members … Continue reading →

Posted in advice gap, age wage, DWP, pensions, Pensions Regulator | Tagged , , , , , , | 1 Comment

Seven ways to improve Defined Benefit funding

Posted on September 10, 2020 by

In March 2020, The Pensions Regulator (TPR) opened a consultation on its proposed revisions to the DB funding code. In framing its response, First Actuarial proposes seven ways to change DB funding for the better. What do we want the … Continue reading →

Posted in accountants, dc pensions, de-risking | Tagged , , , | 2 Comments

Philip Bennett’s DB funding code response

Posted on September 4, 2020 by

Given that the future is unknowable (and particularly over very long time horizons), it is  poor regulation to encourage all DB Schemes to adopt similar investment strategies (herding). Continue reading →

Posted in advice gap, age wage, pensions, Pensions Regulator | Tagged , , , , | 4 Comments

Sam Marsh’s response to TPR’s DB Funding Code

Posted on September 4, 2020 by

Sam Marsh is a lecturer and branch president of the Sheffield UCU. He has responded on his own behalf to TPR’s consultation. Continue reading →

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Ros Altmann’s response to TPR’s DB funding code consultation.

Posted on September 3, 2020 by

I have asked for responses to the Pension Regulator’s consultation questions and Ros Altmann has obliged. As a member of the House of Lords and former Pension Minister, I hope Ros’ replies will be of particular interest Continue reading →

Posted in accountants, actuaries, pensions, Pensions Regulator | Tagged , , , , , , | 1 Comment

Jon Spain’s submission on DB Funding

Posted on September 1, 2020 by

Although people have been living far longer than used to be the case, the financial assumptions are generally far more significant than the demographic assumptions.

If, as appears to be the case, we can’t get simple things right, why should we think we can tackle complex stuff successfully? Continue reading →

Posted in actuaries, advice gap, pensions | Tagged , , , , | 6 Comments

BONFIRE. Keating and Clacher conclude their articles on the DB funding code

Posted on September 1, 2020 by

We began this series of blogs and articles with a call for a bonfire of regulation; at the very least we should start with this proposed Funding Code. Continue reading →

Posted in actuaries, advice gap, pensions | Tagged , , , , , , | 2 Comments

Changing the way our pensions work

Posted on August 27, 2020 by

I expect that those few remaining trustees and members of IGCs and GAAs who are in denial of the value of ESG, will – in the face of the forthcoming Act and the detail within the consultation, step down. Continue reading →

Posted in age wage, DWP, ESG, pensions | Tagged , , , , , , | 9 Comments

Have DB pensions dodged the Beeching bullet?

Posted on August 19, 2020 by

When the Pensions Regulator launched its DB funding consultation earlier in the year, I thought it a “slam dunk”.  Back then it was already clear the world was in the grip of a pandemic and the paper presaged what was … Continue reading →

Posted in de-risking, First Actuarial, pensions | Tagged , , , , , , | 2 Comments