Background Being a professional or lay trustee is a very important role. Current stats from the Office for National Statistics (ONS) indicate that £146 billion of pension funds sit within occupational defined c...
Pensions
As we move through the first months of 2021, now is a good time to ensure that upcoming regulatory requirements are in sight, and on plan. For thousands of trust-based schemes there is likely to be a new, poten...
Background – public sector pension reforms The 2011 ‘Hutton report’ (a complete structural review of public sector pensions) recommended that all unfunded public sector defined benefit pension schemes wer...
The Pensions Regulator have recently launched a new initiative, in partnership with the Pension Scams Industry Group to help combat pension scams. They are asking Trustees and advisers to make a pledge to do al...
Introduction Broadstone have been working with a tech company, based in London, for 2 years. In this time they had seen exponential growth from 150 to over 800 employees. With the origins of the business lying ...
The funding regime for Defined Benefit (DB) pension schemes is changing and there are significant implications for the sponsors of those schemes. Make sure you engage with your trustees at an early stage to avo...
We submitted our response to The Pensions Regulator (TPR) on its thinking behind a new Defined Benefit (DB) Funding Code. In general we are supportive of the direction of travel TPR are going in. However, there...
Defined benefit (DB) transfers can provide difficulties for Trustees and are often a source of frustration for members. Traditionally most such transfers would have taken place between two DB schemes, and such ...
In these challenging times for businesses, the risk of insolvency is at a heightened level. According to The Insolvency Service, 2019 saw the highest level of company insolvencies and administrations since 2013...