by Gail Higgins | Jul 21, 2023 | Uncategorized
In a speech at Mansion House on 10 July, the Chancellor Jeremy Hunt set out a comprehensive set of initiatives intended to boost pension savings and investment in British businesses. He said the ‘Mansion House Reforms’ could increase the average savers’...
by Gail Higgins | May 12, 2023 | Uncategorized
Summary The Pensions Regulator has published its annual funding statement, providing guidance for those pension schemes whose actuarial valuation dates fall between 22 September 2022 and 21 September 2023 (“tranche 18”), although it should be of interest to other...
by Gail Higgins | May 5, 2023 | Uncategorized
TPR has published updated guidance setting out practical steps trustees can take to manage risks when using leveraged LDI. Overview TPR acknowledges that LDI is useful for reducing the risk to a scheme’s funding level from falls in long-term interest rates and/or...
by Gail Higgins | Apr 21, 2023 | Uncategorized
The Ministry of Justice has asked the Law Commission of England and Wales to conduct a review of the laws that determine how finances are divided on divorce or on dissolution of a civil partnership. The review will look at financial remedy orders, which are a key part...
by Gail Higgins | Mar 17, 2023 | Uncategorized
The Chancellor surprised the industry on 15 March, when he announced that the Lifetime Allowance (LTA) would be scrapped. The LTA stands currently at £1.073 million and anyone crystallising benefits in excess of this (and who does not have one of the many protections...
