TAS300.org | Transforming Pensions

Transforming Pensions: From Liabilities to Corporate Wealth Funds

Explore the evolving world of pension schemes where economic shifts and government policies are turning traditional financial liabilities into significant assets. This video delves into innovative strategies for pension management, moving beyond conventional approaches like de-risking and annuitisation.

We'll discuss how aligning pension schemes with Environmental, Social, and Governance (ESG) strategies, and investing in productive assets, not only enhances financial returns but also boosts corporate reputation. Join us in uncovering the opportunities that lie in rethinking pension funds for the modern business landscape.

About TAS300.org

Times Have Changed

Ever since Liz Truss crashed the economy, and interest rates rose from a 300 year low, the UK’s pension schemes have gone from being under-funded, to over-funded.

This provides a wealth of opportunity, but the advice (to derisk and annuitise), designed to solve yesterday’s pension problems is squandering the opportunity we have today.

Wake up to the new reality, or get caught on the wrong side of regulation and policy. Get clued up on the latest pension thinking now:

Align with new Government policy

Jeremy Hunt is now encouraging alternatives to DB de-risking and buyout*

Benefit economically

Modelling shows that each year around 1.5% of your total pension scheme assets can be redeployed for the company, shareholders, pensioners and employees.

So for a £1bn scheme, that’s £15m per annum.

Boost your share price and reputation, align your pension with your ESG strategy

By taking a new approach and keeping hold of your pension scheme, you can boost the economics, share price and reputation of your firm and use the pension scheme to help offset your corporate carbon footprint.

Who We Are

How Can We Help You?

TAS300.org has been set up to help Sponsors and Trustees navigate the range of options available for pension schemes. We ensure and aid compliance with the Technical Actuarial Standards 300 v2 regulations, and also ensure an optimal outcome.

We are not advisors, we are simply the conduit. We have an established network of cutting edge advisors and solutions providers who can work with you to ensure compliance. We do not work with the traditional consultants who are stuck with their dogmatic view that a pension schemes investments must be ultra low risk and that a buyout is the “gold standard”. Our partners include leading consulting firms, accounting practices and fiduciary managers who can bring a broad set of capabilities. TAS300.org can ensure you have worked up solutions that aid compliance with these changing regulations and keep you ahead of your competition.

if you have followed the mainstream UK Pension Industry advice, it will not only have cost you a great deal of money thus far, but all of that value is set to move from your corporate balance sheet to the balance sheet of an insurance company.

The impact of TAS 300 on pension schemes is as follows:

Increased transparency

TAS 300 requires that actuarial reports clearly communicate key assumptions, methodologies, and findings. This increases transparency and enhances stakeholders' understanding of the pension scheme's financial position and funding requirements.

Improved governance

TAS 300 stresses the importance of robust governance arrangements for pension schemes. It ensures that decision-makers are properly informed about the key assumptions and risks, enabling them to make informed decisions regarding funding, investment strategies, and benefit design.

Enhanced risk management

TAS 300 emphasises the need for actuaries to consider and assess various risks, including investment risk, longevity risk, and demographic risks, during actuarial valuations. By addressing these risks explicitly, pension scheme trustees and sponsors can develop appropriate risk management strategies to ensure the scheme's sustainability.

Standardisation of actuarial practice

TAS 300 provides a common framework for actuarial reporting and valuation of pension schemes. This standardization helps to promote consistency in actuarial practice across different schemes and allows easier comparisons between schemes.

Impact on funding and contributions

The application of TAS 300 may lead to changes in funding assumptions and contribution requirements for pension schemes. Actuaries may need to revise their assessment of funding levels, taking into account the new requirements set out in TAS 300.

Enhance the Actuarial Valuation

Overall, TAS 300 aims to enhance the actuarial valuation process for pension schemes, leading to more robust and transparent reporting. It ensures that pension scheme stakeholders have access to meaningful and reliable actuarial information, allowing for better decision-making and risk management.

Why Choose Us

Still heading for a buyout?

That’s fine. But new regulations from April 2024 mean that you now need to explore other options first, to ensure a buyout is the best course of action. These regulations are called Technical Actuarial Standards 300 v2 and section 5 covers Buyouts.