The 2025 valuation and what to do with the surplus

Let's cut through the noise and explore the reality behind LGPS fund surpluses, current funding levels, and projections for the 2025 valuation. There’s been a lot of talk about emerging surplus in Local Government Pension Scheme (LGPS) funds - maybe too much talk – with funding levels allegedly ranging from 80% to 200%. With the English and Welsh 2025 valuation fast approaching, now is a good time to look at what’s actually happened since the last valuation on 31 March 2022, the estimated position now, and the outlook for the 2025 valuation.

CDC for the many not the few

Hot on the heels of the launch of the Royal Mail Collective Defined Contribution (CDC) Scheme, the DWP published its consultation on draft regulations for unconnected multi-employer CDC schemes. This is a crucial step in taking CDC from a potential solution for a few large employers to a means of delivering secure and attractive retirement incomes for everyone else. In a previous article, we described the consequences of risk sharing for members. Trustees, providers, legislators and advisers need to be alive to the potential consequences of benefit design decisions.

Better retirements start with pension planning today

Mark Twain has been credited with the quote “Never put off till tomorrow what may be done the day after tomorrow just as well”. A saying which often applies to the approach many people take in managing their pensions. Aviva’s Working Lives Report (1) has found that one in five employees choose not to think about their finances even though almost three-quarters of employees (73%) said the cost-of-living crisis has made them feel more anxious about them.

Will COVID19 keep excess mortality rates high until 2033

Lifestyle Actuary

Dalriada Trustees Limited (Dalriada), one of the largest providers of professional trustee services to pensions schemes in the UK, has today announced the appointment of Sarah Brough as a professional trustee.

Lights Camera Actuary

For the next few months Zoe Bolton will be talking to the senior actuaries in these firms, getting a brief insight into their career paths and visions for the future. This month Zoe interviews Shil Patel the UK Managing Director at Dynamo Analytics

Travelling Actuary

This month's Travelling Actuary takes us to the iconic Boston to experience New England at it’s very best.

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