We have responded to two consultations on proposed reforms to ‘unlock the UK pensions market for growth’ and to the Local Government Pension scheme (LGPS). Whilst welcoming changes for the LGPS aimed at improving governance standards, the APPT response raises questions in relation to the evidence base behind the key proposals being championed to promote ...more...
At the Association’s AGM today it was nnounced that Council member, Rachel Croft has taken the helm as Chair of the APPT, succeeding Harus Rai, who has led the Association since 2021. In a move reflecting the growing role, activities and scale of the APPT, Council member Vassos Vassou has been made Vice Chair. More…
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We have written to the new Pensions Minister, Emma Reynolds, welcoming the important early measures that were announced over the weekend and last week in The King’s Speech and trailed for a Pensions Bill in the current session. The proposed measures in respect of investment allocation, the consolidation of “small pots”, delivering value for money ...more...
Our response to the DWP consultation on Options for Defined Benefit Schemes has given its support to surplus recovery subject to satisfactory funding, sponsor covenant strength/security, and member sharing, if appropriate. On the public sector consolidator proposal the response adds that this sounds useful, particularly for those smaller schemes unable to access insurers at a ...more...
