by Gail Higgins | Dec 23, 2022 | Uncategorized
On 13 December the Pension Protection Fund (“PPF”) published its levy determination covering the levy to be charged to schemes for the year commencing 1 April 2023. They estimate that they will collect a total levy of £200m in that year, down from £390m...
by Gail Higgins | Dec 9, 2022 | Uncategorized
Following the mini-Budget in September 2022, Gilt yields rose rapidly, leading providers of Liability-driven Investment (“LDI”) vehicles to require more collateral. The Bank of England stepped in to calm the market, announcing a programme of Gilt...
by Gail Higgins | Sep 9, 2022 | Uncategorized
We at Censeo mourn the passing of Her Majesty Queen Elizabeth II, the UK’s longest-serving monarch. We thank her for her devotion to service, her grace and her humility and offer our condolences to the whole Royal Family.
by Gail Higgins | Sep 2, 2022 | Uncategorized
When trustees discover that they have made overpayments to one or more members, they have a duty to recover the overpaid amounts for the benefit of the trust. However, it can be difficult to seek repayment from pensioners, who are by definition the older members of...
by Gail Higgins | Aug 19, 2022 | Uncategorized
Summary The Pension Schemes Act 2021 requires defined benefit (DB) pension schemes to have a funding and investment strategy, for the purpose of ensuring that scheme benefits can be paid over the long term. They will also be required to report progress against their...
