Schemes will lose *** through the new PPF levy reduction unless they fork out up to £300, 000 in covenant advisor fees before the end of March.
Extra PPF complexity costs schemes
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January 16, 2012
Schemes are paying up to £300,000 in professional fees to complete complex Pension Protection Fund (PPF) requirements needed to save up to 90% of levy payments.
Regulator will leave auto enrolment data collection to schemes
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January 11, 2012
Providers will be expected to catalogue how many employees are in a scheme compared with those working for the company – but the Pensions Regulator will not store such data.
Binding shareholder votes will only block a fraction of pay deals
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January 11, 2012
Binding shareholder votes on executive pay would only have affected 20 UK firms’ remuneration packages in the past decade.
Schemes to defer 40% of buy-in costs
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January 9, 2012
Increasing pressure from shareholders to rid company books of pension liabilities is forcing schemes to defer nearly half the cost of buy-in payments by up to 10 years, to speed up deals.
Investment 30: Infrastructure, 2012 & CPI
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January 3, 2012
Are you (or would you advise clients to be) increasing allocation in infrastructure? If so, what assets will you sell off and replace with them?
Off the table
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December 21, 2011
The level of pension scheme liabilities has rocketed by 30% since the start of the year, the largest increase for almost 15 years, according to Aon Hewitt.
New tax limits will cost GPs £72m
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December 19, 2011
Almost 12,000 GPs will lose around £65,000 each because they are oblivious to the new annual and lifetime pension tax allowances.
Webb abolishes short-service refunds
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December 19, 2011
Steve Webb is to abolish short-service refunds for defined contribution workplace schemes, to ensure money saved towards retirement stays in pensions.
Buy-in cost risen 5% for CPI schemes
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December 19, 2011
Buy-in costs will remain 5% more expensive than they need to for 2,000 schemes, due to the government’s refusal to issue CPI-linked gilts.
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