Independent schools briefings

  • 2022


    Independent schools briefing, Q1 2022

    The ISPS is a pension scheme originally set up for support staff and run by TPT Retirement Solutions. It has Defined Benefit (DB) and Defined Contribution (DC) sections. This briefing considers the latest valuation results of the DB section.

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  • 2021


    Independent schools briefing, Q4 2021

    In this briefing, we discuss phased withdrawal from the Teachers' Pension Scheme. In July 2021, Government published its response to the consultation held on proposed draft amendments to the TPS rules, which aim to introduce phased withdrawal. The first schools to use the resulting new regulations did so during August,...

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    Independent schools briefing, Q3 2021

    In this briefing, we provide an overview of the main types of Defined Contribution schemes available, and discuss how suitable each type is for independent schools.

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    Independent schools briefing, Q2 2021

    Independent schools offer a diverse range of Defined Benefit pensions to teaching and non-teaching staff. In this briefing, we summarise those various DB arrangements and provide more information for those who require further details.

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    Independent schools briefing, Q1 2021

    The McCloud judgment stems from 2015 changes to public service pensions which, for the TPS, meant a switch from final salary to career averaged revalued earnings benefits. Government efforts to protect members close to retirement were later judged to be age-discriminatory. This briefing looks at the impact of the McCloud...

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  • 2020


    Independent schools briefing, Q4 2020

    In its response to consultaton over the introduction of a phased withdrawal option in the Teachers' Pensions Scheme (TPS) for independent schools, the Government has expressed its intention to insert phased withdrawal into TPS regulations in spring 2021. This briefing outlines options for independent schools.

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    Independent schools briefing, Q3 2020

    For independent schools that have decided to leave the TPS, the choice of a new Defined Contribution (DC) scheme is a key decision. This briefing looks at the process and some of the key considerations involved in selecting a new DC pension provider.

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    Independent schools briefing, Q2 2020

    The effective date of the Teachers’ Pension Scheme (TPS) valuation is 31 March 2020, with implementation planned for 2023. The valuation could result in higher costs for schools if changes are made to the SCAPE discount rate – the most important actuarial assumption behind the valuation. This briefing provides a...

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    Independent schools briefing, Q1 2020

    The pensions issues facing independent schools are not going away and may become more urgent as schools experience significant pressure on fee income. When is the right time to address your pension concerns? To help you decide what is best for your school, we’ve put together a traffic light framework...

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The Kennel Club

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Bolton Cares

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