United Kingdom - What we do - Tax and Pensions - Pensions

Pensions 

Managing pensions issues, whether as a corporate sponsor or a fund trustee, is becoming increasingly complex, with an ever greater impact on the sponsoring company.

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KPMG can help you define your risks, and understand the current opportunities and issues.

How we can help you

Through Corporate Pensions Advice, Advice for Trustees and Investment Advice we can help you make the sound, informed decisions that can create greater value and certainty, while mitigating legal risk and financial liability.

 

Contact

Contact

Andrew Cawley

 

Partner
KPMG LLP (UK)

 

0161 838 4073 andrew.cawley@kpmg.co.uk

Phasing in from 2012, employers must take responsibility for enrolling all eligible UK employees into a qualifying pension scheme.  This will inevitably lead to increases in costs and administrative complexity, and employers have to act - if they do not comply, they will be liable for fines. KPMG Pensions has developed a standard approach to help clients plan for and manage the impact of Auto-enrolment.

 
Asset-backed funding for Pensions

KPMG has released the second survey on asset-backed funding for pensions. The survey shows that asset-backed funding for pension schemes continue to grow with £5bn of asset-backed contributions being made to pension schemes over the last 2 years.

 

The latest edition provides an incisive update on how the market has developed over the year and how these structures are being used within the pensions industry.

 

 

KPMG has released the first market survey on Enhanced Transfer Value ("ETV") exercises. The KPMG “Enhanced Transfer Value” (ETV) survey shows that ETV exercises have grown increasingly common as a tool for employers to manage their pension risks and their use is set to increase. Over 90,000 defined benefit pension scheme members have been offered an ETV - a sum greater than their cash equivalent transfer value - in order to leave the scheme over the last three years, with another 70,000 expected this year.

 

The survey gives details on the types of offers made, the use of cash enhancements and the rates of member engagement and take-up.

 

KPMG has surveyed the investment management community to establish a clear picture of the current landscape for Liability Driven Investment (LDI).
 

With life expectancy increasing and the market outlook uncertain, meeting pension commitments is growing concern for many companies running Defined Benefit (DB) pension schemes. 
 

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