Deloitte Monthly Pensions Update

Issue 2, 2021

The latest issue covers

Change in funding levels over January

All major asset classes performed poorly over January. However, increasing fixed interest yields are likely to mean that funding positions still improved for most pension schemes.

Other topics:
  • Pension Schemes Bill becomes the Pension Schemes Act
  • Code of Practice on funding
  • TPR powers will not be backdated
  • DWP to ban flat fees for small pots
  • Government announces expansion of Dormant Assets Scheme
  • 2020 mortality in context
  • Number of DB transfers falling
  • Accounts straddling Transition Period Completion Day
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