Pensions Arena April 2018
White paper casts long shadow
The Government’s White Paper heralds major developments in the funding and regulation of DB pension schemes, but it will be at least two years before these are law. Meanwhile, how do sponsors and trustees respond?
In this quarter’s Arena we consider the shadow which the White Paper will cast over funding valuations and corporate transactions which take place between now and 2020.
And, of course, April’s Pensions Arena contains all the usual financial and investment analysis for the quarter ending 31 March 2018, presented in the BAC Dashboard.
News for week ending 27 April
In this week’s news, Kingfisher insures again, the Regulator prosecutes a brewery and the High Court rules there is no time limit on recovering pension over-payments.
News for week ending 20 April
In this week’s news, university strike action is suspended, RBS agrees to pay up to £3.5 billion in pension contributions and HMRC removes its annual allowance calculator due to errors.
News for week ending 13 April
In this week’s news, the WPC launches an inquiry into the recent DB White Paper, a transport company moves from RPI to CPI indexation, whilst a DC master trust introduces an in-house drawdown facility and reduces its charges.
News for week ending 6 April
In this week’s news, the Regulator’s annual funding statement signals a strengthening of its message about the need for fair treatment of schemes relative to shareholders, AE minimum contribution rates finally increase and six pension firms are put into provisional liquidation.