Pensions - Articles

Search Results Page 1 of 102.

1 2 3 4 5 6 7 8 9 10 11 12 Next Last

Labour cuts to pension tax allowances, a ‘retrograde step'

Labour has announced today that if it forms the next Government it will:
Reduce the Lifetime Allowance from £1.25 million to £1 million
Reduce the Annual Allowance from £40,000 to £30,000
Reduce to 20% the current 45% pension tax relief for those with incomes over £150,000 a year
in order to facilitate a cut in university tuition fees from £9,000 to £6,000.
Posted on Friday Feb 27

It could pay to be patient with pensions market after April

Following the ABI’s comments on the readiness of the pensions industry for the Pension Freedom changes, Marcus Hurd, Principal, Buck Consultants at Xerox says:
Posted on Friday Feb 27

Young people saving for retirement - JPMorgan comments

In response to Office for National Statistics showing young savers boosting UK pensions to a 17 year high, Simon Chinnery, Head of UK DC at J.P. Morgan Asset Management comments:
Posted on Friday Feb 27

Labour pension tax plan gives quick win, no long term gain

Commenting on Labour’s plans to reduce pension tax relief to those earning over £150,000, Chris Noon, partner at Hymans Robertson said: “For any future Government that is looking to raise immediate revenue, limiting pension tax-relief is an easy target. While Labour has drawn the line in the sand at those earning over £150,000, this is an area that we would expect all parties to attack over the coming weeks.
Posted on Friday Feb 27

FCA publish new rules on retirement risk warnings

New rules published by the Financial Conduct Authority (FCA) today will help to protect consumers wanting to access their pension savings from 6 April 2015 by requiring firms involved in the sale of retirement income products to give additional warnings tailored to them.
Posted on Friday Feb 27

Latest ONS figures point to success of auto-enrolment

Figures show that auto-enrolment has been a success. It will be interesting to see what impact the rise in contribution rates will have in 2017. We may have reached a tipping point in DC vs DB scheme membership; but it will be some time before we see an equivalent asset shift to DC
Posted on Friday Feb 27

Aries Insight appointed by Freeths

Aries Insight, the pensions technical specialist, today announced that Freeths LLP have signed up to the Aries Pensions System, which provides legislative information and simplification of regulatory guidelines for advisers and pension schemes across the industry.
Posted on Thursday Feb 26

Buck Consultants launches Pension Governance Service

Good governance is fundamental to the success of auto-enrolled workplace pensions schemes
Posted on Thursday Feb 26

Barclays comments on ONS pensions data

Commenting on the latest ONS data on pensions, Lydia Fearn, Head of DC Pension & Investment Consulting at Barclays Corporate & Employer Solutions:
Posted on Thursday Feb 26

ABI retirement income statistics Q4 2014

The retirement income market continues to change as more savers are waiting to make a decision. The number of drawdown contracts sold by ABI members is slightly lower than last quarter but has more than doubled compared to Q4 2013, with a reduced average pot size. The value of drawdown contracts sold by ABI members is over 50% that of the value of annuity sales, compared to around 20% a year ago.
Posted on Thursday Feb 26

NOW: Pensions' 5 point plan for future pensions minister

With just 70 days to go before the general election, workplace pensions provider NOW: Pensions outlines what it thinks should be at the top of the new pensions minister’s to-do list.
Posted on Thursday Feb 26

Pension de-risking trend continues with Kimberley-Clark

Kimberly-Clark Corporation’s recent announcement that it will purchase group annuity contracts for about 21,000 retirees representing $2.5 billion in pension obligations is the latest indication that the trend to de-risk pension plans is continuing.
Posted on Thursday Feb 26

Deloitte launch multi-employer pension plan for DB schemes

Deloitte launches the Deloitte Pensions Master Plan, a multi-employer pension plan specifically for defined benefit (DB) schemes. It will be open to DB schemes, with current scheme trustees retaining control. Deloitte’s own DB pension scheme has agreed in principle to join the Plan, with assets under management in excess of £700m.
Posted on Thursday Feb 26

ABI raise real concerns over launch of pension reforms

Director General Huw Evans reiterates industry support for reforms, but raises concerns on readiness and calls for ‘best endeavours beginning’ in April
Crucial details still missing just six weeks away from launch of new pension reforms
Posted on Wednesday Feb 25

Barnett Waddingham comments on ABI warning on pensions

Hugh Evans, the new ABI Director General, will warn tomorrow at his organisation’s Retirement Conference that the start of the new pension freedoms that will impact on millions of savers must not be undermined by the continued lack of detail still awaited with just six weeks to go before they are introduced.
Posted on Wednesday Feb 25

JLT launch RetireSure Essentials and a deal with Moorepay

JLT Employee Benefits (JLT), one of the UK’s leading employee benefit providers, has launched RetireSure Essentials, a service supporting SMEs approaching their auto-enrolment staging dates.
Posted on Tuesday Feb 24

First re-enrolments are coming up fast, says AON

Aon Employee Benefits has said that many major employers will need to review their options as they approach the three-year anniversary of their auto-enrolment staging date and move through the re-enrolment process.
Posted on Tuesday Feb 24

Expat pensioners income up but still worse than 10 years ago

Equiniti, which manages the payments of over 60,000 expat pensions, warns that while the strengthening pound is good news, two thirds of the pensioners remain worse off than a decade ago.
Posted on Tuesday Feb 24

How pension lump sums, UFPLS, will be taxed

Kate Smith, Regulatory Strategy Manager at Aegon said: ‘Tax issues are always complicated and taking a lump sum will trigger the interest of HMRC. People need to be aware that only 25% of the cash sum is tax-free. It’s important people understand that if they’re taking a lump sum, the chances are they won’t receive the full amount they’re due initially because of the way tax codes work.
Posted on Tuesday Feb 24

IFoA reponds to call for new Pensions Commission

The International Longevity Centre UK has today (23 February) released a paper ‘Consensus revisited: the case for a new Pensions Commission’. The IFoA welcomes the report, which follows recent reforms to UK pensions that are considered the biggest changes in a generation. It is important that policy makers take stock and begin to consider how they will measure the impact of these reforms for pension savers and retirees.
Posted on Monday Feb 23

Brits face 2 more years at work due to earnings crisis

Posted on Monday Feb 23

Pension Commission required to tackle pension uncertainty

A new report published today by the International Longevity Centre-UK (ILC-UK) and sponsored by Prudential, calls upon the next Government to introduce a new independent Pensions Commission to rebuild consensus-based policy making in pensions and tackle the substantial challenge of insufficient incomes in retirement.
Posted on Monday Feb 23

Medically-underwritten annuities need careful consideration

Xafinity notes the significant increase in bulk annuities written by Just Retirement and Partnership in 2014. As lead advisor on around 75% of all medically underwritten bulk annuities during 2014 (by premium), including the largest such transaction ever undertaken, Xafinity believes that they have a part to play in the de-risking considerations of many pension schemes and are another welcome innovation in the bulk annuity market.
Posted on Monday Feb 23

Actuaries predict rise of trivial commutation on DB schemes

Up to 1 million members of occupational pensions may be eligible to exchange future pension for a cash sum
Pension actuaries predict significant rise in ‘trivial commutation’ from defined benefit schemes to support pension schemes de-risking plans
Posted on Monday Feb 23

DWP and tPR should advise employers on auto-enrolment

BROADSTONE says DWP and tPR should suggest employers seek advice and assistance with meeting their automatic enrolment commitments
Posted on Monday Feb 23