All Barnett Waddingham articles – Page 4
-
NewsFTSE 350 DB scheme payments up £45bn after pension freedoms
On the go: The introduction of pension freedoms in 2015 has contributed an estimated £45bn of additional benefit payments made by FTSE 350 defined benefit schemes, research from Barnett Waddingham has revealed.
-
NewsFTSE 350 DB schemes time to buyout could drop by 35% due to Covid
On the go: FTSE 350 defined benefit schemes could be reaching their endgame quicker than expected due to the effects of the pandemic on life expectancy, new research has shown.
-
NewsDB transfer requests return to pre-pandemic levels
On the go: Cash equivalent transfer value requests are starting to return to pre-pandemic levels following a 50 per cent increase in quotations, research has found.
-
NewsPASA updates GMP guidance in light of Lloyds 2020 judgment
The Pensions Administration Standards Association has updated its guaranteed minimum pension equalisation to account for the Lloyds 2020 judgment, setting out the role of transferring schemes and receiving plans in individual transfers.
-
NewsHymans Robertson joins impact investing community
On the go: Hymans Robertson has announced that it has joined the impact investing community, Pensions for Purpose.
-
NewsExperian revamps pension comms as over-50s face pandemic sting
As the financial crisis resulting from the pandemic has made many savers rethink their attitude towards pension savings, Experian has revamped its communications to scheme members in a bid to help them avoid “costly mistakes”.
-
NewsNumber of doctors retiring early trebles
On the go: The number of doctors retiring early has more than trebled over the past 13 years, with concerns that hefty tax bills are the main factor driving the action.
-
NewsFTSE 350 DB schemes back on track after Covid-19 blow
On the go: The majority of defined benefit schemes from FTSE 350 companies are back on track in terms of their funding goals, after being hit in 2020 by the economic crisis caused by Covid-19, according to research from Barnett Waddingham.
-
NewsDB transfers hit by pandemic and rule changes
On the go: Cash equivalent transfer values have been significantly impacted by both the coronavirus pandemic and shake-up of defined benefit transfer advice rules, according to Barnett Waddingham.
-
NewsTrustees not fully aware of new code of practice requirements
On the go: Many trustees are not fully aware of the requirements of the Pensions Regulator’s new code of practice, a survey by Barnett Waddingham has found.
-
NewsCould FSCS cope with a major bulk annuity provider default?
As sponsors offload their pension schemes to insurers, industry experts fear that an ever-increasing concentration of assets with a small group of players could lead to compensation schemes being overwhelmed in a major downturn.
-
NewsTwo in five women have taken action over their pensions
On the go: Fears over the gender pensions gap, which is leaving women worse off financially in retirement than their male counterparts, have driven almost half (44 per cent) of working age women with a workplace or private pension to take action regarding their pensions, according to new research from Barnett Waddingham
-
News
Women have up to 45% less income at retirement than men
On the go: Women have 25 to 45 per cent less in their pension pots at retirement than men, according to new research.
-
News
Pension schemes’ liabilities overstated up to £60bn
On the go: Defined benefit schemes’ liabilities may be overstated from 1.5 per cent up to 3.5 per cent following the Covid-19 pandemic, according to pensions consultancy XPS.
-
NewsDB schemes can be severely impacted by Libor closure
The end of the London interbank offered rate at the end of this year is expected to have huge consequences for defined benefit schemes, which historically have been using it for different asset class investments and even for managers’ benchmarks.
-
News
Guide launched to assess investment consultants’ climate competence
On the go: The Investment Consultants Sustainability Working Group has launched a guide to help trustees in assessing their investment consultants on climate competency.
-
News
2021 could see ‘gold rush’ in DB transfers after 50% drop in 2020
After member interest in transferring out of defined benefit schemes dropped by 50 per cent during the first lockdown, transfer values have recovered and 2021 could even see a “gold rush” in activity.
-
NewsEngineering group speeds up derisking as market nears £30bn
At the tail end of what has been the second biggest year ever for derisking transactions, engineering services group Renew Holdings completed a £110m buy-in with Rothesay Life for its Lovell Pension Scheme.
-
News
RPI reform to leave linker owners short-changed from 2030
The government is to press ahead with controversial reforms to the retail price index leaving index-linked gilt holders worse off, but has decided to delay the move until 2030.
-
News
Covid delays Kent fund remedies after Woodford debacle
The Kent County Council Superannuation Fund’s auditor has flagged delays in attempts to learn lessons from the Woodford debacle as a serious risk to the scheme.