The Department for Work and Pensions has today launched a consultation on draft regulations which would allow trustees of well-funded defined benefit pension schemes to release surplus funds to sponsoring employers 

Responding to the consultation, John Wilson, Aptia’s Head of Pensions Technical, said: ‘We welcome the focus on making DB surplus more accessible - in particular, the option to pay lump sums without additional tax charges. 

Nearly three-fifths of pension trustees1 (59%) described working in pensions right now as simultaneously energising, overwhelming, fascinating and exhausting, in findings from a survey of trustees and pension professionals conducted during Aptia’s annual Showcase event at London’s Sea Containers building on 21 April. 

In response to the passing of the Pension Schemes Bill today, Malcolm Reynolds, Aptia's UK President, said: 'We welcome the news that the Pension Schemes Bill has completed its passage through Parliament - particularly given the risk of delay ahead of prorogation. Getting it over the line is an important moment for the pensions industry.

Aptia, a leading provider of pension administration, consultancy and actuarial services, has acquired Pension Decision Service (PDS). 

The acquisition of PDS from Mercer, a Marsh business, will help to further strengthen the guidance and support available to pension scheme members navigating complex retirement decisions.

Aptia, a leading provider of pension administration, consultancy and actuarial services, welcomes PASA’s latest guidance on Contingent Spouse Pensions (CSPs). 

The guidance, which has been published today, places renewed focus on data quality as a critical enabler of better outcomes across the pensions lifecycle.

Aptia, a leading provider of pension administration, consultancy and actuarial services, has appointed Jaysukh Shah to head its newly established Risk Transfer Proposition. 

With more than 20 years’ experience in the pensions industry, Jaysukh has spent the past decade advising trustees and corporate sponsors on risk transfer strategies across schemes ranging from £1m to £1bn. 

Aptia, a leading provider of pension administration, consultancy and actuarial services, has appointed Sarah Steel as Head of Market Relations. 

Sarah brings more than 30 years of experience in the pensions sector, joining Aptia from NatWest Cushon where she served as Director of Corporate Relationships. Her career also includes senior roles at Aon and Hymans Robertson, alongside two years running her own company providing financial wellbeing services to a range of clients. 

The Pensions Minister, Torsten Bell, has confirmed that legislation enabling retirement CDC schemes will be brought forward as part of the government’s wider pensions reform agenda. 

Responding to this, Malcolm Reynolds, Aptia’s UK President, said: ‘We welcome the Pensions Minister’s confirmation that legislation will be introduced later this year to allow retirement-CDC schemes. This builds on whole of life CDC regulations for non-associated multi-employer schemes which come into force in July.