Press Releases

Commenting on the implication in the FCA’s Advising on Pension Transfers consultation that providing personalised illustrations to show the conversion of a DB pension through a transfer value will be viewed as regulated advice, Ryan Markham, Partner and Head of Member Options, Hymans Robertson, says:

Commenting on DC Decumulation: Call for Evidence, Emma Clare, Senior Consultant, Hymans Robertson, says:

Commenting in response to The Pensions Regulator’s DB Funding Code consultation which closes today, Laura McLaren, Partner, Hymans Robertson, says:

Commenting on today’s announcement by the DWP of a consultation on climate risk – improving governance and reporting by occupational pensions schemes, Simon Jones, Head of Responsible Investment, Hymans Robertson, says:

Hymans Robertson’s National Knowledge Assessment has shown that understanding of topics that have traditionally been the focus of committees, such as investment and financial markets, is high amongst the LGPS, while knowledge of areas such as administration is lower.

Awareness of the two main commercial consolidators - The Pensions SuperFund and Clara-Pensions - has rocketed amongst DB pension trustees over the last year and started to influence long term objectives for DB schemes too, according to the annual Trustee Barometer research from Hymans Robertson.

"I am thrilled to be taking on this role at such an exciting time for our firm and yet a challenging one for the wider world. Investment is at the heart of all financial strategy and in this current Covid environment, the expertise and insight we offer will be essential for our clients as they navigate unpredictable, and choppy, economic waters over the next few years."

“It is really good to see that the Government is finally getting around to keeping its manifesto promise of looking at the issue of differential tax-relief treatment between Relief-at-Source and Net Pay schemes and the impact this has on the lower paid."

A free, interactive ‘Fast Track Test’ tool to help schemes quickly identify whether their current strategy is more suited to the Pensions Regulator’s (TPR) ‘Fast Track’ or ‘Bespoke’ route has been launched by Hymans Robertson. This early warning will help schemes navigate the upcoming regulatory change and decide on potential areas for improvement.

“We welcome today’s Public Sector Pension Scheme Consultation, and look forward to the LGPS-specific consultation expected to be issued very soon. Assuming the LGPS is treated in a similar way to the other schemes, we expect the proposed remedy to extend the ‘transitional protections’ underpin to all active members in the scheme as at 1 April 2012, regardless of age."

The industry will welcome this guidance which provides another piece of the GMP equalisation puzzle. As with previous industry guidance, choosing the right approach for data will depend on scheme specific circumstances rather than there being a recommended approach for all.

Hymans Robertson, the pensions and financial services consultancy, has announced that Shireen Anisuddin, has taken on the role of Managing Partner from James Entwisle.