Hidden charges weigh pension pots down

Pensions are being hit by more than 100 costs and charges, many of them hidden, which are potentially taking as much as a third off the gains of a pension over its lifetime, a study by the Transparency Task Force has found.

Network Rail plans £19m savings following NI cost hike

On track to reduce NIC impact

Network Rail expects to save around £19m annually following a swath of amendments to two of its schemes to mitigate the increased costs of contracting-out cessation, as many schemes either absorb the cost or close.

Companies slow to update life cover as LTA bites

A recent report found fewer than half of large companies have excepted life assurance policies in place, despite potential disruption by the new lifetime and annual allowance limits. 

 

Nilgosc to allow lump sum contributions

The Northern Ireland Local Government Officers Superannuation Committee plans to ask for upfront deficit contributions for this year’s LGPS valuation from its employer members as the public sector in Northern Ireland shrinks.

Select committee flags Lisa as AE opt-out concern

A recent report from the Work and Pensions Committee has raised concern that the Lifetime Isa could lure people out of pensions, but the industry is divided over whether Lisas are a threat or potential boon for auto-enrolment.

PIPA 2016: And the winners are...

PIPA awards 2016

Pensions Expert reveals the winners of the 17th annual Pension and Investment Provider Awards.

 

Comment & Analysis

Will the BHS fallout ring alarm bells across the corporate sector?

Bloomberg

As another former high street stalwart hits the ropes, Pádraig Floyd summarises the action so far and asks whether any final decisions will affect the governance and regulation of UK schemes.

An alternative way to correct mistakes in scheme documents

Susan Dingwall (l) and Lesley Harrold (r)

Although a construction application may speed up the amendment of incorrectly drafted scheme documents, the amount of evidence required makes it a rare occurrence, say Norton Rose Fulbright’s Lesley Harrold and Susan Dingwall. 

What will the pension freedoms mean for you this year?

Harriet Baldwin

One year on from the introduction of the pension freedoms, the Treasury's Harriett Baldwin looks at the changes underway that are intended to help make them work.

Video

Drawdown use will grow, predicts Newton's Doyle

Interview with Catherine Doyle, Newton

It has been more than a year since the introduction of freedom and choice, and the industry is still waiting to see what will emerge as the dominant option in retirement. Fund manager Newton's head of defined contribution, Catherine Doyle, discusses where she expects the market to go

Where next for the Lifetime Isa?

Michael Johnson video

Video: Last month, the chancellor shocked the pensions industry with the introduction of the Lifetime Isa, promising a 25 per cent top up for under-40s saving for a house or retirement. We spoke to the father of the Lisa, Michael Johnson from the Centre for Policy Studies, about what it will mean and how it might change in future.

Lifetime Isa recalibrates long-term saving

Ian Neale, Tim Smith

Video: Pensions tax relief emerged unscathed from yesterday’s Budget, but the launch of the Lifetime Isa has presented the pensions industry with new challenges; Ian Neale, director at intelligence provider Aries Insight, and Tim Smith, senior associate at law firm Eversheds, discuss (04.44).

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