Alec Day on LinkedIn: Understanding TPR's new DB funding code – practical Implications for your… (2024)

Positive News for Charities: Increased Pension Funding and Income. The largest charities in the UK are seeing significant improvements in their pension funding levels, according to recent analysis. 🚀 This trend, alongside rising income levels, reflects a strong financial position for the sector despite ongoing economic challenges. This development is crucial as it ensures long-term sustainability, enabling charities to continue their invaluable work in our communities. 👉 https://okt.to/ZECDV5#CharityFinance #PensionFunding #Sustainability

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We released a new paper highlighting the importance for DB scheme sponsors to be actively involved in all three critical stages of the buy-out process. Collaboration with Trustees and companies ensures that costs stay manageable and member engagement remains high. The paper details these essential stages for a successful buy-out, emphasizing the pivotal role sponsors play at each step. https://okt.to/71Ykfz #pensions

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Want to stay ahead of corporate hot topics that's going to be a priority over the next six months? Click the link below to explore the key priorities we expect to shape the landscape!🏛️ Government reforms and continued market innovation.📈 Locking in value from the higher interest rates.📊 Actuarial valuations and corporate transactions.💡 Avoiding DC contribution inaccuracies in the light of increased monitoring.🤝 Addressing the Gender Pensions Gap. https://okt.to/Gj1oTJ#DB #DC #Pensions

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As Defined Benefit schemes secure benefits with insurers, trustees and sponsors are moving towards buy-outs and wind-ups. While many schemes have completed buy-ins faster than expected, the essential work for buy-out and wind-up might not be underway, risking delays and increased costs. This report covers:⏳ Wind-up duration 🚧 Causes of delays✅ Strategies to reduce risksEnsure a smooth, cost-effective process. Download the report now! 📄Read more here 🔗: https://okt.to/ur0px9#Pensions #Trustees #RiskManagement

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Our 2024 Impact Report is here and there's lots to celebrate! It's our first full edition since we certified as a B Corp last summer, highlighting the positive impact we've had across our clients, people, communities and environment. Our Purpose is "Together, building better futures" and it's great to see the wide range of activities and initiatives that really bring it to life. Download the full report here: https://okt.to/r3bev5

🚀 Hot off the Press: Our Latest Newsletter Edition! 📬 Here's a sneak peek at what’s inside:🔍 2024 Impact Report: We’re celebrating the positive impact we've had across our people, clients, communities and environment.📈 Optimising Your Pension Oversight Group: Discover expert tips and best practices to enhance the efficiency and performance of your pension oversight.📊 Hymans Robertson Personal Wealth's Midlifer Survey Research: Explore their latest survey results on financial wellbeing. They provide valuable perspectives for those navigating midlife financial planning and how employers can support them. https://okt.to/1DfMwQ #financialservices #FinancialWellbeing #Newsletter

We're thrilled to announce the release of our 2024 #Charity Benchmarking Report, showcasing key financial changes and advancements in Defined Benefit #pensionschemes. Stay tuned for insightful updates!Discover how rising income levels are transforming this sector, by downloading the full report here: https://okt.to/fPw5U7

In the newest episode of PITstop they explore the changes in #LDI, its present scenario, and the exciting possibilities that lie ahead for this vital investment approach.Catch the entire episode along with more from the series at www.hymans.co.uk/pitstop #trusteeship

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On July 29th, the new Defined Benefit Funding Code was laid before Parliament, bringing clarity on how the funding regime will operate from September 22nd onwards. 📌 Key Highlights:Trustees must plan to achieve a low-dependency position by the time the scheme matures.A shift towards a more principles-based approach on investment strategy and risk assessment.Fast Track parameters requiring technical provisions to converge towards a gilts + 0.5% p.a. basis with limits on recovery plans and investment risk.Get the full details here: https://okt.to/BJkcUK #Pensions #Regulation #TPR

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