11 May 2012 Given current market conditions : in particular gilt yields : the Pensions Regulator was widely reported as preparing guidance for trustees of defined benefit schemes, in particular those moving through the actuarial valuation process at the current time. The Regulator has now published the annual funding statement (web-link below), which addresses this question.
2 February 2012 Each year (2011 is the sixth year of production), the Pension Protection Fund and the Pensions Regulator jointly publish the Pensions Universe Risk Profile (Purple Book). This document profiles the state and risks facing UK defined benefit schemes. The analysis is conducted using scheme returns and 2011 therefore covers some 98% of the total number of schemes and 99.6% of estimated total liabilities. It is therefore highly representative of the state of the industry. The main data and analysis focuses on the situation at the end of March 2011 : the summary therefore bears out relatively little…
18 January 2012 Stephen Soper, Executive Director for DB at the Pensions Regulator, gave a significant speech at the NAPF Trustee conference yesterday. He indicated the desire to provide greater clarity regarding expectations of trustee conduct and the regulator’s own case processes and procedures. His speech : published in full on the regulator’s website (a link is provided below) : focused on the following four areas: Current economic climate and funding of schemes (a statement is to be published in April) Non-cash scheme support De-risking and corporate transactions Transparency The speech is well worth reading. External link
