The government will introduce an emergency measure to pay the tax bills of doctors and consultants in England affected by the tapered annual allowance, but the move has been criticised by experts.
DB & Derisking
University employers write to staff ahead of strikes
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November 19, 2019
Representatives of the UK’s universities have written an open letter to staff asking them to reconsider strikes over issues including pensions, planned to begin later this month.
Micro-buyout specialist announces first deal for textile merchant
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November 19, 2019
On the go: A textiles company from Bradford has successfully achieved a buy-in for £9.3m of its defined benefit liabilities with Canada Life after an auction with three bulk annuity insurers.
Aegon staff scheme completes £144m buy-in
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November 18, 2019
On the go: The Aegon UK Staff Retirement and Death Benefit Scheme has completed a £144m buy-in with Phoenix Group.
Regulator updates pension transfer guidance for trustees
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November 18, 2019
On the go: Defined benefit trustees will need to contact financial advice firms to check if the adviser listed on members’ transfer documents is employed with them, new guidance from the Pensions Regulator stipulates.
Plumbers call for trustee chair to resign over pensions debacle
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November 18, 2019
An action group is calling for the resignation of Alan Pickering CBE as chairman of the Plumbing and Mechanical Services Industry Pension Scheme.
Academics union questions regulator’s oversight of USS
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November 18, 2019
Academics have expressed disquiet over the role of the Pensions Regulator in the governance in one of the largest occupational pension schemes in the UK.
LGPS pension bill to rise 1% with McCloud case
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November 14, 2019
Fears that a legal case over discriminatory pensions could dent the funding of the Local Government Pension Scheme have been partially allayed, after preparations for the plan’s valuation found that liability increases will be limited.
Actuaries call for legislation on DB schemes simplification
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November 14, 2019
On the go: The Association of Consulting Actuaries is calling for the next government to bring legislation to facilitate the wider simplification of defined benefit schemes, as part of its manifesto for the December elections.
High Court tells ombudsman to reconsider pension case
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November 14, 2019
A dispute over whether a university employee was entitled to her full pension has been sent back to the Pensions Ombudsman after the High Court disagreed with the initial decision.