Archive

The Longevity Model

In 2014, the Pensions and Lifetime Savings Association in conjunction with Club Vita looked at the difference in future life expectancy between the national population and members ...

Bridge case

The Pensions Act 2011 changed the definition of “money purchase benefits”.  The change was in response to the Supreme Court’s 2011 judgement in the Bridge Trustees Lts vs Houldsworth and another case which confirmed that certai...

Charities working group

The Pensions and Lifetime Savings Association's charities working group is helping develop possible easements for charities and other small employers that participate in multi-employer schemes like the Pensions Trust...

DB funding

Recent economic conditions and increasing longevity have put DB schemes under pressure. The Pensions and Lifetime Savings Association is working with the Govern...

DB Taskforce

The DB Taskforce  was set up by the PLSA in March  2016 to  undertake a review of the challenges currently facing funded defined benefit (DB) pension  schemes, and make recommendations to Government which will (a) help ...

Defined Ambition

One of the key strands of DWP’s Reinvigorating Workplace Pensions strategy document was exploring whether current private pension structures would meet the needs of future ...

Employers participating in the Local Government Pensions Scheme

The number of employers such as universities, charities and housing associations joining the Local Government Pension Scheme (LGPS) has grown rapidly in recent years to more than 10,000 (10,671)...

GMPs

Before 1997, contracted out defined benefit schemes were required to provide guaranteed minimum pensions (GMP) in respect to contracted out service. Some defined contribution (DC) schemes also provided a GMP as an alternative to protected right...

'Made Simple' guides

Pensions and Lifetime Savings Association 'Made Simple' guides are an essential resource for people in the pensions industry. They are written in jargon free English, and cover a range of t...

Pension Protection Fund Levy

The Pension Protection Fund (PPF), set up to compensate DB members when their sponsoring employer can no longer support the scheme, has undergone a number of changes in recent years. The size of its fund (and expertise) has g...

Pension scams

The PLSA has proposed that the Government should introduce an authorisation regime for pension schemes as a means of tackling pension scams. Responding to a consultation from DWP and HM Treasury, the PLSA ...

State pension reform

The UK Government brought in a new State Pension Age system on 6 April 2016. The previous system was over complicated and many people were unable to keep track of what they should receive from the State in Basic State PensionBasic State PensionThe B...

The Local Government Pension Scheme

The Local Government Pension Scheme (LGPS) is one of the largest defined benefit (DB) schemes in the world and is the largest DB scheme in England and Wales, with over 11,000 employers, 5m members and assets of £217bn.The Sch...