As much of the business world seeks to bounce back from the COVID pandemic, new macroeconomic challenges are presenting themselves that may make refinancing more challenging for sponsoring employers. In his latest blog, David Fairs considers the risks of refinancing to the employer covenant and the actions trustees and sponsoring employers should take to ensure member benefits are protected.Continue reading
Over the coming months we expect around 100 schemes to publish their first reports produced in line with the Climate Change Governance and Reporting Regulations.Continue reading
If the pandemic has shown us anything it’s that the future cannot be predicted with any certainty – nobody has that magical crystal ball.
However, come what may, we are committed to striving to ensure all pension savers are protected and the start of 2022 presents an opportunity to look forward to what the new year will bring to workplace pensions.Continue reading
Salt and pepper, strawberries and cream or gin and tonic, all natural bedfellows.
And new rules, set to come into force this year, aim to create a new partnership, one as synonymous as Laurel and Hardy, Cagney and Lacey, or Ant and Dec: accessing a pension and getting guidance.Continue reading
Earlier this year we set bold new ambitions to drive down inequality among savers and to create a fairer and more inclusive culture across the pensions industry.Continue reading
The underpinning principle of our revised DB Funding Code is that schemes should have the necessary long-term funding approach to ensure savers have the best chance of receiving the benefits they expect.Continue reading
We are living in challenging times and being the trustee of a pension scheme is no exception.Continue reading
Automatic enrolment has led to an explosion in the number of people saving into a workplace pension.Continue reading
The Productive Finance Working Group has now published its final report: A Roadmap for increasing investment in Productive Finance Investments (bankofengland.co.uk – PDF, opens in a new tab). We welcome the report and the approach taken to try to unlock current barriers, structural and practical, to long term investment, particularly in the DC market.Continue reading