By Venilia Amorim2021-05-26T14:57:00+01:00
The UK’s pension regulator has today published its annual funding statement 2021 which sets out specific guidance on how defined benefit (DB) pension funds should approach valuations and their funding positions carefully under current conditions.
The Pensions Regulator (TPR) said that DB trustees “must remain alert to the risk of weakening employer covenants as uncertainties remain following a challenging year for businesses”.
David Fairs, TPR’s executive director of regulatory policy, said: “This has been a challenging period for many employers and so trustees in carrying out actuarial valuations need to review how their covenant may have changed in the past year and then continue to monitor it. We expect them to remain engaged with employers, who in many cases are emerging from a difficult business period.”
Celebrity Chef to the Royals set to work at new Cambridge Country Club
They have returned to the UK to launch their award-winning Geranium brand and have found their perfect partners in Cambridge
Updated
Celebrity Master Chef Steven Saunders (Image: Cambridge Country Club)
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Excitement is building for the opening of the new Cambridge Country Club, and even more so now they have announced a well-known celebrity chef to operate all their food and beverage outlets.
So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap, ‘pension freedoms or consultations around ‘value for money , says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).Download
In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.Download
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