View more on these topics

Pension trustees set to demand more money from companies

The Pension Regulator’s aim to remove final salary scheme deficits within 10 years means companies should expect greater cash demands from trustees.
TPR’s consultation document on final salary scheme funding says it will, in most instances, compel companies to fund their DB scheme deficits within a decade.
PricewaterhouseCoopers pensions practice lead partner Marc Hommel says this will increase pressure on trustees who will have to negotiate extra funding from employers.
Hommel says: “Trustees should no longer measure shortfalls on unrealistically optimistic actuarial assumptions nor agree to shortfalls being paid off over longer than necessary periods. Even where an employer does propose to fund a shortfall over the ten years suggested in the guidelines, the Pensions Regulator says trustees may be expected to try to have it paid off sooner where the employers financial position allows.”

Recommended

Silencing the prophets

It seems improbable that it is now a year since the FSA took over responsibility for regulation of mortgage selling.

Survey ‘reinforces view of Sipps as mainstream plan’

Portfolio manager Brewin Dolphin claims one-third of people in the UK have already invested in self-invested personal pensions or are considering doing so. However, its research also reveals that over half of people are still oblivious to the existence of Sipps. Brewin Dolphin says its study reinforces market predictions that Sipps, once the preserve of […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com