18 December 2012 We would like to thank our clients, friends, contacts and readers for your support during 2012 and look forward to a peaceful and prosperous 2013 for all in the pensions industry. Have an enjoyable and restful Christmas break ! Martin Veasey
12 December 2012 The Pension Protection Fund produces a monthly index update (this month’s release has data taken as at end-November 2012) of the estimated funding position of the defined benefit schemes which would be potentially eligible for entry into the Fund. Total scheme deficits rose during the month, from £235.7bn as at end October to £252.5bn at end November with a corresponding decrease in s179 funding ratio to 80.8% from 81.7%. It is worth noting that the PPF have implemented a change from RPI to CPI for revaluation of relevant payments. This restatement took place with effective date at…
06 December 2012 In November 2012, the National Association of Pension Funds published a document: “Pension Charges Made Clear: Joint Industry Code of Conduct” in association with a number of industry trade bodies: the Association of British Insurers, the Investment Management Association and the Society of Pension Consultants.
15 November 2012 We have noted that users of some web browsers : for instance Internet Explorer earlier than version 9 : have had some difficulty in accessing the VALtd website recently. This was due to a software upgrade on the web servers and knock-on effects with some of the customising work that we had put in place. Remedial work has been put in place today and things should be back to normal. I would like to thank those people who took the time to let us know of the problems they were encountering and who were kind enough to…
13 November 2012 The Pension Protection Fund produces a monthly index update (this month’s release has data taken as at end-October 2012) of the estimated funding position of the defined benefit schemes which would be potentially eligible for entry into the Fund. Total scheme deficits fell a small amount during the month, from £229.1bn as at end September to £227.3bn at end October with a corresponding almost imperceptible improvement in s179 funding ratio to 82.4% from 82.3%. A full report and analysis is provided by the PPF at this external page
22 October 2012 The Pension Protection Fund produces a monthly index update (this month’s release has data taken as at end-September 2012) of the estimated funding position of the defined benefit schemes which would be potentially eligible for entry into the Fund. Total scheme deficits fell very slightly during the month, from £280.3bn as at end August to £229.1bn at end September with a corresponding small improvement in s179 funding ratio to 82.3% from 79.1%. Whilst it was true that return-seeking asset values rose during the month, by the larger contributor to improved performance came from the increase in yields…
