No. 163 August 2007 - A Survey of New Regime Valuations
A question often raised by both trustees and employers during an actuarial valuation is 'What are other schemes doing?' To help answer this question, we recently undertook an internal survey of our consultants to gain information about the new funding regime landscape in which our clients are now operating.
No. 162 August 2007 - Deal or No Deal
Corporate transactions are headline news at the moment, with deals involving private equity coming under particular scrutiny. The recent coverage of Alliance Boots shows that scheme trustees can drive a hard bargain. The Pensions Regulator has also shown that it is not afraid to use its teeth where necessary, by issuing the first Financial Support Direction against Sea Containers.
In this Analysis, we outline some of the significant issues that can arise as a result of a corporate transaction. These issues should be of interest to all trustees and employers. Many of the issues should be considered in advance – rather than waiting for a high pressure situation to develop.
No. 161 - Wallchart on Disclosure of Pension Scheme Information
Please contact Jackie Sharman on +44(0) 1372 3802 or at jackie.sharman@hewitt.com if you would like a copy.
No. 160 July 2007 - Mortality
As more and more pension schemes undertake their first valuations under the new 'scheme specific' funding regime introduced by the Pensions Act 2004, the issue of mortality – or perhaps more accurately, longevity – has never been more widely debated.
No. 159 January 2007 - Personal Accounts
In the Government's White Paper of May 2006, it stated its intention to establish a national pension scheme (or 'personal accounts scheme' (PAS)) by 2012. The intention of the new scheme is to provide individuals with greater opportunities to save for retirement. At the time the Government confirmed that it would be addressing the particulars of such a scheme in a separate white paper, which was due by the end of 2006.
Extra Year for Pensions Changes.