Are you a passenger to your pension scheme’s destination?

Are you a passenger to your pension scheme’s destination?

25 Nov 2024

All schemes are now required to have a long-term funding and investment strategy.
Now is the opportune time for employers to proactively engage with trustees to
steer the conversation towards its desired objectives. Understanding your preferred
long-term strategy and engaging early with trustees is therefore crucial.

At a glance

• Employers and trustees are required to agree a formal funding and investment strategy for the first time, including setting a long-term objective for their scheme.
• If employers do not take the lead on establishing the appropriate long-term strategy, trustees may decide on one that does not meet the employers’ objectives.
• This could result in a more expensive or longer journey for the employer, actions needing to be reversed or even stop employers achieving their desired goals.
• Early engagement is therefore key to ensure all parties are navigating towards the same desired destination.

Read more

---

This edition of XPS Express is the second in a series on setting long-term strategies - read parts one, three, four and five here.