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X-WR-CALDESC:Events for The Pensions Administration Standards Association
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DTSTART;TZID=Europe/London:20210805T110000
DTEND;TZID=Europe/London:20210805T120000
DTSTAMP:20260527T212224
CREATED:20210803T103638Z
LAST-MODIFIED:20210803T103638Z
UID:3121-1628161200-1628164800@www.pasa-uk.com
SUMMARY:NextGen Spotlight Series
DESCRIPTION:PASA Board Director\, Chris Tagg\, joins the NextGen Spotlight series. The panel will be talking about sustainable investing\, juggling work and home life and their hints and tips for a successful career!
URL:https://www.pasa-uk.com/event/nextgen-spotlight-series/
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BEGIN:VEVENT
DTSTART;TZID=Europe/London:20210811T100000
DTEND;TZID=Europe/London:20210811T100000
DTSTAMP:20260527T212224
CREATED:20210803T103821Z
LAST-MODIFIED:20210811T084836Z
UID:3124-1628676000-1628676000@www.pasa-uk.com
SUMMARY:GMP Equalisation Transfers Guidance release
DESCRIPTION:PASA publishes Supplemental Guidance on Transfer Payments \nThe cross-industry GMP Equalisation Working Group\, chaired by the Pensions Administration Association (PASA) has today published Supplemental Guidance on Transfer Payments. \nThe Guidance provides an update to Methodology Guidance issued in September 2019 and reflects the November 2020 judgment concerning the Lloyds Bank pension schemes (Lloyds 2020).  The impact of Lloyds 2020 is considered from the perspective of both schemes which paid transfer values and those receiving them. \nDuncan Buchanan\, Chair of the Methodology subgroup said: “The GMP Equalisation Working Group is passionate about helping schemes address the need for GMP equalisation adjustments.  We always knew our original Guidance on methods would need updating once the Lloyds 2020 judgment was issued.  It quickly became apparent to us Lloyds 2020 leaves many issues unanswered for both schemes which have paid transfer values and those which received them. \nMembers of our subgroup have again pooled their extensive knowledge and wide experience as actuaries\, administrators\, lawyers and pension managers to produce this Supplemental Guidance on Transfers.  It is designed to fill in the gaps to help address unresolved issues in a pragmatic and practical way.  It is telling the judge in Lloyds 2020 recognised administration costs could easily exceed correction payments needed for past transfers. \nIt’s nearly three years since the first judgment in Lloyds and most schemes remain at the foothills of their GMP equalisation projects\, gathering data to prepare for the task ahead.  A few schemes\, mainly those already in wind up\, have equalised members’ benefits and made correction payments.  Schemes are likely to want to prioritise equalising benefits for their members\, before turning to members who took transfers out – potentially 30 years ago. \nIt will be some time before most schemes have scaled the summit of their GMP equalisation exercises\, corrected member benefits and reviewed historical transfers.  Along the way\, schemes will find past transfers where insufficient data exists to perform calculations.  Even where a top up payment can be calculated it might not be easy to discharge the liability because receiving schemes may be unwilling to accept payments and/or former members may be untraceable or unresponsive.  Having  undischarged or unquantified liabilities to make top up payments may not be a problem for an ongoing scheme but will cause headaches for those moving to wind up\, particularly given the lack of a limitation period.” \nLouise Sivyer\, Head of Policy at TPR said: “The November 2020 judgment confirmed that schemes will need to revisit historical individual transfers to check if additional value is due to savers as a result of GMP equalisation. This is a complex exercise\, and we welcome the guidance from the industry GMP equalisation working group\, which aims to assist schemes and advisers to find a pragmatic approach to equalising past transfers’ ” \nThe full Guidance can be found here. \n  \n 
URL:https://www.pasa-uk.com/event/gmp-equalisation-transfers-guidance-release/
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DTSTART;TZID=Europe/London:20210825T100000
DTEND;TZID=Europe/London:20210825T100000
DTSTAMP:20260527T212224
CREATED:20210811T093255Z
LAST-MODIFIED:20210811T093255Z
UID:3172-1629885600-1629885600@www.pasa-uk.com
SUMMARY:GMPE paper on GMPE reconciliation data to be provided on admin transition
DESCRIPTION:
URL:https://www.pasa-uk.com/event/gmpe-paper-on-gmpe-reconciliation-data-to-be-provided-on-admin-transition/
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BEGIN:VEVENT
DTSTART;TZID=Europe/London:20210830T100000
DTEND;TZID=Europe/London:20210830T100000
DTSTAMP:20260527T212224
CREATED:20210811T093545Z
LAST-MODIFIED:20210811T093545Z
UID:3174-1630317600-1630317600@www.pasa-uk.com
SUMMARY:Benefit Statements Working Group - initial paper on statement season admin considerations
DESCRIPTION:
URL:https://www.pasa-uk.com/event/benefit-statements-working-group-initial-paper-on-statement-season-admin-considerations/
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BEGIN:VEVENT
DTSTART;TZID=Europe/London:20210831T100000
DTEND;TZID=Europe/London:20210831T100000
DTSTAMP:20260527T212224
CREATED:20210811T094043Z
LAST-MODIFIED:20210908T105249Z
UID:3177-1630404000-1630404000@www.pasa-uk.com
SUMMARY:PASA Response to the DWP Consultation on CDC Regulations
DESCRIPTION: 
URL:https://www.pasa-uk.com/event/pasa-response-to-the-dwp-consultation-on-cdc-regulations/
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