Strengthening the security of DB pension schemes.
The Pension Schemes Act 2021 is about to become law. Whilst a number of the new requirements may take a year or more to come into effect, the direction of travel is already impacting on corporate, trustee and regulator behaviour, and this will accelerate over 2021.
We have set out a brief summary of the implications of the Act. More in-depth detail on the key provisions of the Act is set out in our Technical Guide.
We look at:
- Tougher Regulator powers and related criminal offences
- A toughening of the funding regime for DB schemes
- Climate change
- Pensions dashboards
- What else is covered by the Act?
How we can help
We provide individual and high quality actuarial advice, taking a collaborative approach between trustees, employer and advisers, to ensure a focus on good member outcomes.
We help pension scheme trustees and sponsors to determine the ultimate destination for their scheme and help them put together a plan to get there, including how to effectively manage the risks they face along the way.
We help trustees achieve their strategic goals, with solution-led, appropriate advice.
We help make governance simple and effective so that you can make decisions and act on opportunities quickly.