With the snap general election upon us, we take a short guided tour of the recently published manifestos to see what pledges relating to pensions have been made. Click here for our quarterly pensions bulletin.
With increasing numbers of pension schemes approaching the market, insurers are able to pick and choose a little more than they once could. We expect this trend to continue. This has meant an increasing challenge for smaller schemes to get engagement from insurers. Fewer insurers are now providing quotations for bulk annuities under £20 million so it has become more important than ever for schemes to present themselves to market as attractively as possible. Read the full briefing here.
The Continuous Mortality Investigation (CMI) released the 2016 version of their model for projecting future improvements in longevity, CMI 2016, in March 2017. This version of the model allows for actual deaths up to the end of 2016 and projects lower future improvements in longevity than the 2015 version of the model. Read the full report here.
As a result of Theresa May’s call for an early general election being approved by the House of Commons on 19 April 2017, Parliament will be dissolved at one minute past midnight on 3 May 2017. What lies ahead for pension scheme trustees, corporates and members? For the full post, click here.
The latest actuarial valuations for the shared cost sections of the Railways Pension Scheme (the ‘RPS’) are being carried out as at 31 December 2016. While there has been a plethora of recent newspaper headlines lamenting an apparently astronomical increase in deficits across DB schemes in general, the RPS is – as ever – a little different.
Funding levels may therefore not be as bad as might have been feared. In this Insight we explore the approach which the Trustee and Scheme Actuary intend to take to setting assumptions, the likely impact on
deficits for different sections, and some of the options available to employers to address the valuations.
For the full insight, click here.