News for week ending 30 June
In this week’s news, the Pensions Regulator agrees a settlement for the third Coats scheme and threatens to get tougher on weak funding, a rescue deal is announced for the Co-op Bank, whilst the FCA publishes the final report for its asset management market study.
Tapered annual allowance – the clock is ticking…
The uncertainty following the General Election means the tapered annual allowance is here to stay, so how should companies be handling it?
In his Pensions Perspective, Leonard Bowman looks at emerging company and employee experience following the end of the first year of the tapered annual allowance (TAA).
The issues are not surprising – indeed they were largely anticipated when the legislation was introduced. However, that does not make handling the TAA any easier and the sheer scale of the problem is only now beginning to dawn on some companies. It is vital that companies get their strategy towards the TAA right to avoid a flood of discontent in the future.
News for week ending 23 June
In this week’s news, the Queen’s Speech and the FCA’s proposals on advice for DB to DC transfers.
News for week ending 16 June
In this week’s news, TPR publishes both tranche 10 valuation statistics and tranche 12 projections, the music stops for ministers and the AA’s UK scheme moves from final salary to CARE.
News for week ending 9 June
In this week’s news, the UK has a hung parliament for the second time in three elections, whilst a scheme uses medical underwriting to reduce its liabilities by more than 10%.