Scheme’s 2023 valuation reveals deficit fell from £1,560m to £690m as at September 2023
IFoA CEO resigns, Northern Bank completes buy-in and SHPS reports on funding position
LCP forecasts latest valuation could ‘break the mould’ and show improved funding position
The consultancy says SHPS trustees could reduce contributions or lower investment risk
But due to a rise in the scheme liabilities, deficit contributions will increase by 5.5% per year
Metropolitan Thames Valley Housing (MTVH) is planning to set up a defined contribution (DC) pension arrangement to provide future benefits for current employees and new joiners through auto-enrolment (AE).
Pension Insurance Corporation (PIC) has invested £40m with Halton Housing to finance affordable property developments across the UK.
LCP has promoted seven employees in its pensions team to partner as it reported strong growth in several areas.
Deficit recovery contributions from employers into the Social Housing Pension Scheme (SHPS) will be boosted by £32m a year to improve the scheme's funding position.
Housing associations could face triple cost increases under the next valuation of the Social Housing Pension Scheme (SHPS), according to Lane Clark & Peacock (LCP).