It was an honour to chair the meeting of GAPS Network members held in Munich on 3 November. A talented group, offering pension services excellence across Europe and North America. We discussed pension developments in various jurisdictions, ways to improve our cross-border collaboration and we also remembered our late friend and US colleague Mike Yates. […]

Trident Consulting made a submission today to the Pensions Authority regarding their draft code of practice for trustees of occupational pension schemes and trust RACs. The submission (which may be accessed through this link Trident Consulting submission to Pensions Authority) cautions that the timeframe for IORP II regulatory changes may be harmful to member outcomes.

The Pensions Authority has published the attached compiled from information submitted by scheme actuaries through the AADR requirement: defined_benefit_schemes_-_review_of_2020_statistics

The Pensions Authority has published an information note (iorp_ii_regulations_-_information_for_trustees), the purpose of which is to give trustees of occupational pension schemes and trust RACs an overview of the key provisions of the recently transposed Directive (EU) 2016/2341 (the IORP II Directive). The note also sets out how the Authority will oversee compliance with the Regulations […]

Report of the Interdepartmental Pensions Reform and Taxation Group published on 13 November 2020. Interdepartmental report

The Household Benefits Package is a package of allowances which help people with the costs of running their household. The package is available to everyone aged over 70 and to people under age 70 in certain circumstances. Only one person in a household can qualify for the package at any time. The following link gives useful […]

This article published by Quantum Advisory, our UK GAPS network colleagues, discusses CDCs as a viable alternative to the traditional DB and DC arrangements. CDC article: Quantum-News-Issue-47-Final-1 – Copy Full Quantum Advisory newsletter: Quantum-News-Issue-47-Final-1  

Defined contribution now accounts for more than 75% of the active membership of private sector pension schemes. The 2018 stats show a further decline in private sector defined benefit scheme membership. See Occupational_scheme_membership_data_and_PRSA_data_2018

This link summaries the points made by Brendan Kennedy Pensions Regulator when he addressed the IAPF on 2nd October 2018. The IORP II requirements are not yet clear. Presentation_by_Brendan_Kennedy_Pensions_Regulator_to_IAPF_Benefits_Conference

The Pensions Authority issued a reminder about trustee training requirements on 12 April. Trustee training can be arranged through Trident Consulting on a bespoke or general basis. Thursday, 12 April 2018: The Pensions Act (‘the Act’) requires scheme trustees to complete relevant trustee training within specified timeframes. Trustees and employers should be aware of their obligations […]