The Pensions Administration Standards Association (Pasa) has published guidance to help schemes in developing a modern engagement strategy as part of a successful digital programme.
The guidance covers six areas that it should be considered within the strategy: creating an emotional connection, creativity, relevant and current, inclusive and accessible, make it easy, continuing to measure and learn
The Universities Superannuation Scheme (USS) has confirmed that restoring benefits to pre-April levels will cost less than employers are currently paying into the scheme, with University and College Union (UCU) and Universities UK (UUK) agreeing to prioritise this work
Independent schools that use the Teachers’ Pension Scheme (TPS) are set to see their costs increase again, with analysis from LCP revealing that this could push independent schools’ costs up significantly, potentially as far as 30 per cent of salaries
LCP has launched a new illiquid asset solutions group to help pension schemes optimise their strategies for illiquid asset holdings as part of their journey to buy-in or buyout
The government has confirmed that it will not bring forward the date the state pension age (SPA) will rise to 67, although a further review is expected within two years of the next parliament to reconsider the rise to age 68
The government has decided against making any modifications to the current methodology used to set the Scape discount rate, which is used in the valuation of unfunded public service pension schemes to set employer contribution rates
With growing numbers of people likely to be saving in ‘to and through’ DC pensions during the decades ahead, the need to ensure access to useful guidance and – if appropriate – regulated advice at different points in peoples’ lives will become more important. David Adams looks at how support for DC savers could and should be improved in future