Pensions - Articles

Search Results Page 1 of 258.

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

MPAA freeze set to squeeze many more basic rate taxpayers

A freeze in the Money Purchase Annual Allowance (MPAA) along with changing tax thresholds is set to increase the number of basic rate taxpayers aged 55+ who have taken a taxable payment from a defined contribution pension facing a squeeze on tax relief on their future pension contributions.
Posted on Monday Apr 12

Reaction to TPRs climate strategy release

AXA IM, EY, LCP and Hymans Robertson comment on TPRs climate release strategy
Posted on Thursday Apr 8

Ignoring climate change risks savers retirements

A new climate change strategy published by The Pensions Regulator (TPR) calls on scheme trustees to act now to protect savers from climate risk.
Posted on Wednesday Apr 7

Pensions need to recognise true impact of connectivity

PTL has encouraged the industry to take advantage of our increasingly connected society to drive enhancements in pensions, specifically in member engagement and fiduciary/provider decision making.
Posted on Wednesday Apr 7

Enormous sense of financial wellbeing a blur on the horizon

Why should employers care about this and what can they do? Welcome to this latest in our ‘mini-series’ of blogs on current issues facing defined contribution pension schemes. In this edition, with Rebecca McKay from Trowers & Hamlins, we are looking at financial wellbeing in the workplace.
Posted on Wednesday Apr 7

Mind the pensions gender gap

Just Group is calling for more scrutiny of the effectiveness of pension communications after research by the Financial Conduct Authority (FCA) revealed poor levels of engagement among savers, and particularly among women.
Posted on Tuesday Apr 6

Only a quarter feel confident on retirement decisions

Only a quarter (27 per cent) of DB pension members feel very confident about making retirement decisions while over a third of DB members don’t feel knowledgeable about their DB pension, according to a new survey by Hymans Robertson in association with like minds*. The combination of lack of knowledge and confidence, with the challenging financial circumstances due to Covid-19, are putting an increasing number of members at risk of falling foul to intensified scamming warns the leading pensions and financial services consultancy.
Posted on Tuesday Apr 6

New tax year heralds raft of changes for peoples finances

Kate Smith, Head of Pensions at Aegon explains each of the changes below:
Posted on Tuesday Apr 6

Paradigm shift for DB pensions as schemes stay fully funded

The funding status for the UK’s 5,000-plus corporate defined benefit (DB) pension schemes continues to show that deficits have, on average, been neutralised with the aggregate deficit remaining at zero, PwC analysis shows.


Posted on Thursday Apr 1

FTSE 350 pension scheme deficits continue to rise

Mercer’s Pensions Risk Survey data shows that the accounting deficit of defined benefit (DB) pension schemes for the UK’s 350 largest listed companies was £80bn at the end of March 2021, an increase from £79bn at the end of February 2021. Liability values increased from £858bn at 26 February 2021 to £863bn at the end of March 2021, driven by an increase in inflation expectations offset by a small rise in corporate bond yields. Asset values were £783bn compared to £779bn at the end of February, an increase of £4bn.

Posted on Thursday Apr 1

PSIG announce new version on combatting Pension Scams

The Pensions Scams Industry Group (PSIG), which was established in 2014 to help protect pension scheme members from scams, has announced the publication of version 2.2 of its Code of Good Practice on Combating Pension Scams.
Posted on Thursday Apr 1

Comment on impending State Pension increase

Emma Byron, Managing Director, Legal & General Retirement Solutions comments on the impending State Pension increase:
Posted on Wednesday Mar 31

FCAs final guidance on DB transfers

Commenting on FCA’s finalised guidance on what information and support trustees and employers can provide to members without potentially falling into regulated advice, Ryan Markham, Partner and Head of Member Options, Hymans Robertson, says:
Posted on Wednesday Mar 31

New FCA and TPR guidance provides welcome clarity

New guidance published on the Pensions Regulator’s website, and produced jointly by FCA and TPR will provide ‘welcome clarity’ to employers and DB pension trustees over what help they can give to members over pension options, according to LCP partner Steve Webb.
Posted on Tuesday Mar 30

Data breaches are frequent for pensions industry

Sackers have announced the results of their most recent webinar survey which showed that data breaches are occurring frequently. The survey showed that just over a third of those responding to the survey have suffered a breach in the last twelve months, with almost half of such breaches reported to the Information Commissioners Office.
Posted on Tuesday Mar 30

PIMFA welcomes enhancements to consumer protection

PIMFA welcomes enhancements to consumer protection laid out in new Work and Pensions Committee Report on pension savers and scams
Posted on Monday Mar 29

The new State Pension celebrates its 5th birthday

The new single-tier State Pension was introduced on the 6th April 2016, replacing the old two-tier system comprising the basic and additional State Pension. The move to introduce a new ‘flat-rate’ State Pension in 2016 was aimed at reducing complexity in the system it replaced, although in reality the two systems will run alongside each other for some time to come.
Posted on Monday Mar 29

Pension schemes urged to step up reporting to stop scammers

The pensions industry is being called on to raise the alarm over suspected scams following a concerning long-term drop in reporting.
Posted on Friday Mar 26

Comments on the Chancellors Tax Day

Comments from Barnett Waddingham and Aegon on the Chancellors Tax Day
Posted on Wednesday Mar 24

75 percent of pensions on course to use contingent funding

For many years, companies have dealt with shortfalls in their pension schemes by pumping in extra cash.??This has often been appropriate. But it can sometimes divert capital - needed by the business now - to meet pension promises which will not have to be met until decades into the future.? In response to this, there is growing interest in “contingent” funding of DB pensions – coming up with alternatives which provide security for scheme members but without requiring employers to lock up cash that they need to keep the business going.? Now a new report from LCP estimates that as many as 3 in 4 schemes could be going down this route in the near future.
Posted on Tuesday Mar 23

A thousand pension dippers a day falling into MPAA tax trap

More than 1,000 pension savers every working day became subject to the strict Money Purchase Annual Allowance (MPAA) last year by taking their first taxable pension payment from a defined contribution fund, analysis of HMRC figures by retirement specialist Just Group reveals.
Posted on Tuesday Mar 23

PASA launches Data Management Plan Guidance

The Pensions Administration Standards Association (PASA), the independent body dedicated to driving up standards in pensions administration, today launched its Data Management Plan Guidance in conjunction with PASA Expert Knowledge Provider for Data, Deloitte.
Posted on Monday Mar 22

Pension schemes could be overestimating pension liabilities

XPS believes that schemes may not have considered the full impact of the pandemic, which could lead to pension liabilities being overstated by between 1.5% and 3.5%. The findings have been made using XPS Covid-19 Impact Analytics, which provides a holistic view of the impact of the pandemic.
Posted on Monday Mar 22

Fraud suspect extradited to UK in TPR criminal case

A 61-year-old man has been extradited from Spain in connection with a pension fraud prosecution brought by The Pensions Regulator (TPR).
Posted on Monday Mar 22

New TPR powers leaves many questions unanswered

The DWP has published a consultation on potential regulations arising from the Pension Schemes Act 2021. These relate to new powers for the Pensions Regulator to gather information as part of its inquiries and to issue ‘Contribution Notices’.
Posted on Friday Mar 19

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.