The unique position of judges and their non-standard Judicial Pension Scheme means that opting for the “immediate choice” solution to McCloud is a “no-brainer”, experts have said, despite the rest of the public sector taking a different course.
Dashboards preparation should begin immediately
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March 2, 2021
On the go: New guidance from the Pensions Administration and Standards Association encourages all schemes to begin preparing for the introduction of the dashboards straight away, after the passage of the Pension Schemes Act set a series of events in motion.
Net-zero targets present £350bn investment opportunity
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March 2, 2021
On the go: Hitting the government’s net-zero climate change targets will present a £350bn investment opportunity over the next 30 years, according to an estimate by LCP.
One-year contribution holidays could spur economic recovery
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March 1, 2021
On the go: Conservative peer Baroness Ros Altmann has recommended that the chancellor, Rishi Sunak, announces a year-long contribution freeze for defined benefit scheme sponsors to boost business recovery.
Risk settlement market breaks new record in 2020
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March 1, 2021
On the go: New figures from Aon showed that 2020 was a record-breaking year for the risk settlement market, with 2021 likely to provide stiff competition.
Dramatic governance shift in store for Plumbing Pensions
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February 26, 2021
Plumbing scheme chairman admits scheme failures and pledges structural overhaul
Chancellor ponders lifetime allowance 'stealth tax'
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February 26, 2021
On the go: Chancellor Rishi Sunak was reportedly planning to freeze the lifetime allowance for the rest of the current parliament, according to a report in the Times — a move that could see public sector workers hit hard.
Weekly Roundup: Finger in the RPI
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February 26, 2021
This week – a court extension on a possible review of RPI reform, BA to defer deficit contributions, Uber drivers ruled to be workers, and climate complaints.
Judges to face immediate choice in McCloud solution
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February 25, 2021
On the go: Members of the Judicial Pension Scheme will be subject to an immediate choice in 2022 in response to McCloud, in contrast to the rest of the public sector’s deferred choice underpin.
BT, Ford and M&S schemes consider legal challenge on RPI reform
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February 24, 2021
The trustees of the BT, Ford and Marks and Spencer pension schemes have been granted an extension to the period in which they can consider filing for judicial review of the proposed alignment of the retail price index with the consumer price index including housing costs.