From thought leadership to technical pieces, knowledge hub keeps our members and pensions professionals up to date with the recent developments in the industry.
The twin factors of an increasingly mobile UK workforce and automatic enrolment have resulted in an ever-growing number of small deferred or ‘dormant’ Defined Contribution (DC) pots.
At my regular cafe, the staff not only know me by name but can also remember my mobile number. Not sure if that’s a good thing! My cafe logs names and mobile numbers manually for the purpose of Covid-19 tracing. I’m clearly drinking too much coffee.
Playing to win: how should DB trustees plan for the endgame?
Soon, Defined Benefit (DB) trustees will be obliged to set an endgame strategy to get to a long-term objective – whether low dependency on the employer covenant, buy-out with an insurer, or consolidation with a DB superfund. The Pensions Regulator (TPR) will expect trustees to aim for low dependency by the time schemes are significantly mature. How should trustees play this daunting game?
How pensions administration used technology to rise to the challenge of lockdown
March 2020. We’d got winter out of the way and we could all start looking forward to the joys of springtime, maybe book a holiday for the summer, when BOOM.
Rise of the machines (in pensions administration…)
The events of 2020 have shone a (sometimes unfavourable) light on existing scheme administration arrangements and many trustees will be considering their future options in a climate of market uncertainty and increased scrutiny from the Pensions Regulator.
How innovation in technology can smooth the path through GMP equalisation
For those of us that love Guaranteed Minimum Pension (GMP) equalisation it is an enjoyable conundrum; an epic journey with exciting twists and turns along the way. However, for everyone else, it is a horrendous mess involving all manner of stakeholders (trustees, employers, actuaries, administrators, communications experts, scheme members, lawyers, Her Majesty’s Revenue and Customs (HMRC), the Pensions Administration Standards Association (PASA), the Department of Work and Pensions (DWP), regulators and – if it all gets too much – therapists), and bits of kit (administration systems, actuarial valuation software, data analysis tools, conversion calculators, mail merges and – if it all gets too much – Minecraft).
The twin factors of an increasingly mobile UK workforce and automatic enrolment have resulted in an ever-growing number of small deferred or ‘dormant’ Defined Contribution (DC) pots.
At my regular cafe, the staff not only know me by name but can also remember my mobile number. Not sure if that’s a good thing! My cafe logs names and mobile numbers manually for the purpose of Covid-19 tracing. I’m clearly drinking too much coffee.
Playing to win: how should DB trustees plan for the endgame?
Soon, Defined Benefit (DB) trustees will be obliged to set an endgame strategy to get to a long-term objective – whether low dependency on the employer covenant, buy-out with an insurer, or consolidation with a DB superfund. The Pensions Regulator (TPR) will expect trustees to aim for low dependency by the time schemes are significantly mature. How should trustees play this daunting game?
How pensions administration used technology to rise to the challenge of lockdown
March 2020. We’d got winter out of the way and we could all start looking forward to the joys of springtime, maybe book a holiday for the summer, when BOOM.
Rise of the machines (in pensions administration…)
The events of 2020 have shone a (sometimes unfavourable) light on existing scheme administration arrangements and many trustees will be considering their future options in a climate of market uncertainty and increased scrutiny from the Pensions Regulator.
How innovation in technology can smooth the path through GMP equalisation
For those of us that love Guaranteed Minimum Pension (GMP) equalisation it is an enjoyable conundrum; an epic journey with exciting twists and turns along the way. However, for everyone else, it is a horrendous mess involving all manner of stakeholders (trustees, employers, actuaries, administrators, communications experts, scheme members, lawyers, Her Majesty’s Revenue and Customs (HMRC), the Pensions Administration Standards Association (PASA), the Department of Work and Pensions (DWP), regulators and – if it all gets too much – therapists), and bits of kit (administration systems, actuarial valuation software, data analysis tools, conversion calculators, mail merges and – if it all gets too much – Minecraft).
