On the go: The mandatory retirement age for judges, magistrates and coroners is to be raised from 70 to 75, pending parliamentary approval, the Ministry of Justice has announced.
Latest articles from Benjamin Mercer
On the go: The mandatory retirement age for judges, magistrates and coroners is to be raised from 70 to 75, pending parliamentary approval, the Ministry of Justice has announced.
On the go: Thirty-eight per cent of defined benefit scheme trustees are planning to review their manager before June, according to a poll from Hymans Robertson, creating the risk of a “capacity crunch” as the Competition and Markets Authority’s retendering deadline approaches.
On the go: More than two-thirds of investors would like to see greater tax incentives for pension funds and insurance companies to invest in small- and mid-cap companies, according to research by UK investment banking specialist Peel Hunt.
On the go: A rebalancing by the government from fixed interest to index-linked gilts could provide additional security for pension schemes and their members while saving taxpayers billions, according to analysis by LCP partner Jonathan Camfield.
This week – Lifetime allowance frozen until 2026, “unaffordable” contribution hikes at the USS, TPR’s anti-avoidance settlement, and PASA’s warning over dashboard preparations.
On the go: The Ministry of Housing, Communities and Local Government has issued new guidance clarifying how it expects Local Government Pension Scheme administering authorities to use their new powers around reviewing employer contributions, spreading exit payments, and setting up deferred debt arrangements.
Podcast: Conservative party peer Baroness Ros Altmann is joined by Isio partner Mike Smedley to discuss the impact of the Budget on the pensions industry.
On the go: The Office for Budget Responsibility has said its current estimate of the cost of the McCloud remedy could be an understatement, since different remedies for the discrimination case could increase the projected spending.
The Universities Superannuation Scheme’s deficit has quadrupled to more than £14bn, requiring contribution rate hikes from employers amounting to an “unaffordable” 56.2 per cent of payroll, according to figures announced on Wednesday.
On the go: The Pensions Regulator has agreed a £25m settlement in its anti-avoidance case against the owners of bed manufacturer Silentnight, a sum not big enough to prevent its defined benefit scheme plunging into the Pension Protection Fund.
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