Blog
Assure UK’s Audit team have been awarded the Pension Protection Fund’s (PPF) Trustmark
The Pension Protection Fund recognises the expertise and high level of service that firms such as ourselves provide. There are currently 29 panel firms working across six specialist panels. We are on the Audit Services Panel of which there are only 4 firms in the UK so we are very proud of this achievement. We…
Read MoreData collection: Creating Financial Security for the Next Generation of Pension Savers
“Many working-age people may not realise just how much risk they are facing when it comes to ensuring financial security in retirement.” – Jonathan Cribb Becoming a data-led and digitally enabled industry is more important as we begin introducing the newest generation to pension saving. The shift towards a predominantly defined contribution (DC) industry has…
Read MoreFrom Awareness to Action: Bridging the Gap in DC Pension Schemes’ Value
It’s an appropriate time for DC pension schemes to question whether they are providing value to members – particularly the smaller schemes. A recent survey revealed a lack of awareness around value and ultimately, failing to meet expectations set by The Pensions Regulator (TPR). Survey Results Undoubtedly, it is a challenge for smaller DC…
Read MoreAre you trying to juggle too much at once as a Pension Administrator?
Pension administrators have a lot of additional projects to be considering at the moment such as GMP equalisation and the Pensions Dashboard and it is important to stay on top of changes whilst also juggling your everyday work. Trustees and scheme sponsors should be providing assistance in supporting the ever changing processes for pension administrators.…
Read MoreAAF 01/20 Preparation Checklist
AAF 01/20 Preparation Checklist I’ve been hearing from various people in the marketplace that they were interested in learning about some steps, at a high level, that they need to take to get off the ground and on their way to completing their AAF 01/20 Report Type I or Type II. I will give you…
Read MoreHow to minimise your pension scheme’s risk with Leverage-Driven Investments (LDIs)
In April 2023, The Pensions Regulator (TPR) published updated guidance to trustees of pension schemes on using Liability-Driven Investments (LDIs). In this blog, I will summarise TPR’s guidance, explore what it means to you as a trustee, and showcase how Assure UK can help you meet your governance and monitoring goals as part of a…
Read MoreUK’s First CDC Pension Scheme Authorised by The Pensions Regulator
The Pensions Regulator (TPR) has assessed and authorised the UK’s first Collective Defined Contribution (CDC) pension scheme with many more lined up to be introduced. This is a landmark authorisation from TPR and shows how the regulator is pursuing its strategy to embrace innovation to help meet pension savers’ needs. The minister for Pensions, Laura…
Read MoreA look into the increased focus on climate and ESG non-compliance
The Pension Regulator (TPR) is increasing its focus on climate and environmental social governance (ESG) non-compliance, but what does this mean for you as the Trustee and your scheme? TPR is in the process of launching a regulatory initiative in Spring 2023 to ensure the reporting of ESG by Trustees meets a required standard. Part…
Read MoreThe Pensions Dashboard is coming but when?
In 2022 we held a client listening exercise with several of our clients to understand how they felt towards working with Assure UK but also to highlight any key topics arising within the pensions industry. Throughout the interviews a hot topic was the Pensions Dashboard. What is the Pensions Dashboard? The Pensions Dashboard is…
Read MoreSingle Code – Get your priorities right
Although much of the Single Code of Practice will be made up of new existing expectations, Trustees are beginning to feel the effects of the code coming into place. The three key new requirements of the code are: The own risk assessment (ORA) Effective systems of governance (ESOG) Remuneration policy Many believe that the ORA…
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