Pensions

Schemes required to equalise past transfer values for GMP inequalities

XPS InsightsDecember 02 2020

The latest High Court judgment in relation to the Lloyds Banking Group Pension Schemes has confirmed that defined benefit pension schemes will need to revisit individual transfer payments made since 17 May 1990 to check if an additional amount is due to equalise for the effects of unequal guaranteed minimum pensions (GMPs).

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Corporate

Scam protection – taking the Pensions Regulator’s pledge

XPS Express for EmployersNovember 30 2020

The Pensions Regulator (TPR) has launched an initiative asking trustees, providers and administrators to pledge to take all possible actions to protect members from scams. For employers, this is important to ensure that transfer values, which are often used as a risk and cost reduction measure, can be offered safely to members.

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Investment

XPS’ Audience poll reveals half of scheme representatives believe the fiduciary duty hinders trustees in their ability to address climate change

News AlertNovember 30 2020

The results of a poll of over 200 pension professionals attending an XPS event ‘Sustainability and Profitability – Striking the Right Balance for Pension Schemes’  were as follows: 50% thought the current fiduciary duty of trustees restricts their ability to make decisions in the best interests of their membership around climate change...

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Date Topic Title Publication type
Date: December 02 2020 Topic: Pensions Title: Schemes required to equalise past transfer values for GMP inequalities Publication type: XPS Insights
Date: November 30 2020 Topic: Corporate Title: Scam protection – taking the Pensions Regulator’s pledge Publication type: XPS Express for Employers
Date: November 30 2020 Topic: Investment Title: XPS’ Audience poll reveals half of scheme representatives believe the fiduciary duty hinders trustees in their ability to address climate change Publication type: News Alert
Date: November 27 2020 Topic: Pensions Title: RPI now expected to align with CPIH in February 2030 Publication type: XPS Insights
Date: November 26 2020 Topic: Investment Title: XPS say DB Scheme Members will be amongst hardest hit by RPI decision Publication type: Media Release