Scheme funding legislation has several implications for actuaries, who play a vital role in setting the contributions

From 2012, schemes will no longer be able to contract out on a protected rights basis and will soon have to take action to address this change

Legislative changes mean trustees are now responsible for best estimates of transfer values. But what does this mean for employers?

Last month’s rule changes have forced trustees to scrutinise their transfer practices and to set out how monitoring procedures should be carried out in the future