Pensions - Articles

Search Results Page 1 of 216.

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

Pensions Minister echoes climate warnings in Westminster

MPs from across the House of Commons have debated climate change and pensions. Pensions Minister Guy Opperman responded. Earlier he spoke of ‘kickstarting a wholesale change’ in the way the pensions sector approaches climate change.
Posted on Thursday May 23

Sackers launch guide for trustees on pension transcations

Sackers have published its latest guide for trustees on buy-ins, buy-outs and longevity transactions. This guide is focused on supporting pension scheme trustees preparing their scheme for a transaction and the potential issues they need to consider.
Posted on Thursday May 23

Accounting standards change to hit FTSE pension schemes

Incoming changes to IFRIC 14 rules and increased pressure on companies to accelerate contributions could worsen FTSE 100 balance sheets by up to £100bn, with more than a quarter being hit to the tune of £1bn, according to the latest edition of LCP’s landmark AfP report . With the Pensions Regulator pushing employers to ‘mend the roof while the sun’s shining’, the ability to pay dividends or raise capital may be at risk for some and we could see increased regulatory capital requirements in the financial sector.
Posted on Tuesday May 21

New tools allow pension schemes to deliver greater value

New tools helping pension schemes deliver greater value for money for millions of savers have been launched today (21 May) by the Cost Transparency Initiative.
Posted on Tuesday May 21

State pension top up for looking after your grandchildren

New figures revealed to insurer Royal London under the Freedom of Information Act show that more than 10,000 grandparents and other family members received help with their state pension in 2017/18 for looking after grandchildren. This represents a sevenfold increase on two years ago. But Royal London estimates that lack of awareness of this scheme means that many hundreds of thousands more family carers are still missing out on help.
Posted on Monday May 20

What do trustees want to see in the new funding code

TPR has shared some hints about the likely areas of focus in the upcoming DB funding code consultation. But will it address the issues trustees want it to?
Posted on Monday May 20

The Pensions Regulator publishes their Corporate Plan

Improving the participation, accountability, protection and confidence in occupational pension schemes forms the heart of The Pension Regulator’s (TPR) new corporate plan
Posted on Monday May 20

HMRCs announcement is delaying GMP Equalisation data

Commenting on the announcement that HMRC is delaying the provision of data that will enable pension schemes to confirm the GMP benefits to pay to members until towards the end of the year Matt Davis, Head of GMP Equalisation, Hymans Robertson said:
Posted on Friday May 17

Comment on contingent charging correspondence

The Work and Pensions Select Committee has published correspondence between Frank Field and Andrew Bailey at the FCA on Contingent Charging. While the Committee continues to call for a ban, it has accepted that this could create unintended harm, particularly for vulnerable customers, and has suggested some other avenues the FCA might wish to explore.
Posted on Thursday May 16

XPS Pensions partner again with Tax Help for Older People

Since the introduction of pension freedoms in 2015, the options available to members at retirement have increased and as a result the complexity of taxation. With more choice members need more help and an increased level of support is required to ensure they make the best informed choices when making life-long non-reversible decisions.
Posted on Thursday May 16

Expected casualties from the 38 submissions for master trust

tPR has announced that 38 applications submitted for master trust authorisation as extension period closes. Mark Futcher, Partner at Barnett Waddingham, thinks there may be a number of causalities from this list.
Posted on Thursday May 16

Aon say schemes are increasing member support at retirement

Aon has said that UK defined benefit (DB) pension schemes are continuing to offer more support to members for their decision making at retirement, with almost one in five schemes now including personalised transfer value figures in retirement packs.
Posted on Thursday May 16

TPR targets law breaking employers in compliance checks

Employers who flout their automatic enrolment pension duties are being targeted with short-notice inspections by The Pensions Regulator (TPR).
Posted on Wednesday May 15

XPS Pensions Group launches XPS Transfer Watch

Pension freedom and choice continues to be popular. A significant number of pension scheme members continue to leave schemes to access new flexibilities. Understanding what members are doing is the first step to providing appropriate support and education to help members make the best decisions for them. Our 2019 survey of member outcomes shows that employers and trustees are starting to take more actions to support their members.
Posted on Wednesday May 15

Appetite for State Pension deferral has waned

Fewer people are receiving extra income as a result of deferring their State Pension than at any time in the last 20 years. Figures released by the Department for Work and Pensions yesterday showed that 1,036,180 people were receiving extra State Pension income due to having deferred, the lowest number since the data series started in 1999, and below the peak of 1,245,300 in 2004.
Posted on Wednesday May 15

Pension Protection Fund releases its latest PPF 7800 Index

This update provides the latest estimated funding position, on a section 179 (s179) basis, for the defined benefit pension schemes potentially eligible for entry to the Pension Protection Fund (PPF).
Posted on Tuesday May 14

Life expectancy assumptions have fallen for the fourth year

Life expectancy assumptions have fallen for the fourth year running, reflecting a decrease in the expected rates of future improvements in mortality, according to KPMG’s latest Pensions Accounting Survey.
Posted on Tuesday May 14

Upping pension contributions solution to Scots tax problem

Steven Cameron, Pensions Director at Aegon, highlighting that from this weekend rates of income tax will hit Scots harder than others in the UK, however pensions offer a means of cutting their tax bill.

Posted on Tuesday May 14

Ensuring peoples dignity in retirement

The Global Federation of Insurance Associations (GFIA) strongly supports the Japanese Group of 20 (G20) Presidency’s focus on the ageing society, which reflects the importance of finding ways to ensure that people can live a decent and healthy life throughout their retirement.
Posted on Monday May 13

Think again about taking a break from pension contributions

Aegon analysis shows the loss in the value of a pension fund at state pension age after an individual takes a break from contributing to their workplace pension in their mid-20s.
Posted on Monday May 13

Model scheme to simplify DB pension benefits alongside GMP

Speaking at their Annual Chair’s Dinner, attended by leading figures from the worlds of pensions, financial services and officialdom, Jenny Condron, Chair of the Association of Consulting Actuaries (ACA) noted that it was the common purpose of those attending that members of the pension arrangements they oversee receive the pension promise that have been made to them.
Posted on Friday May 10

Survey on member outcomes under freedom and choice

XPS Pensions Group (XPS) reveals results from its second annual survey on member outcomes under freedom and choice. Building on last year’s survey, where 6,000 transfers were followed with an average transfer value of £235.000, XPS’ 2019 survey tracked a further 1,800 transfers where the average transfer value has risen over 15% to c£275,000.
Posted on Wednesday May 8

Pensioners are savers not splurgers

Majority of UK retirees still saving for the future, with most building up their rainy-day fund as ISA savings continue to heap up among over 65s
Posted on Wednesday May 8

Finding the right medicine to fix doctors pension schemes

“Finding the right medicine – how to fix the problems between doctors and their pension scheme” – analysis and recommendations from Royal London, plus new case study. With growing reports of senior NHS staff cutting their hours or even retiring because of pension tax issues, Royal London has published a new policy paper explaining the issue and reviewing the various solutions on offer.
Posted on Wednesday May 8

FCA tells pension providers to wake up

The Financial Conduct Authority’s (FCA’s) first Policy Statement of 2019 outlines the changes that pension providers will need to apply to their literature and processes, with the aim of improving consumer engagement with their pension income decisions, as well as making the cost of drawdown products clearer and product comparisons easier.
Posted on Tuesday May 7

Site Search

Exact   Any  

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.