On the go: Despite the Pensions Regulator enforcement activity reaching a record high, the recovery rate against recoverable debt remains at 30 per cent, new research has revealed.
Four-fifths of FTSE 350 schemes eligible for consolidation
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December 5, 2019
On the go: More than four-fifths (84 per cent) of FTSE 350 companies’ defined benefit schemes are eligible to join a commercial consolidator, new research showed.
Now Pensions tax relief top-up claims double in a year
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December 5, 2019
On the go: Workplace pension provider Now Pensions will be topping up pension pots of non-taxpayer members for the fourth year, after seeing claims double in 2017-18, when compared with the previous period.
HMRC request for schemes to report breaches branded ‘unsatisfactory’
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December 5, 2019
HM Revenue & Customs' request for pension administrators to remind their members about potential tax breaches has been branded ‘very unsatisfactory’ by a former pensions minister, who said the tax authority was offloading its own responsibilities onto schemes.
ONS: Life expectancy increases continue to stall
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December 2, 2019
On the go: New data from the Office for National Statistics shows that life expectancy improvements continue to stall, which is expected to improve pension schemes liabilities.
Schemes hit back at DWP’s levy ‘knee-jerk solutions’
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December 2, 2019
Several pensions experts have criticised the government’s consultation on the general levy on pension schemes, arguing that the Department for Work and Pensions has proposed ‘knee-jerk solutions’ that are not fit for purpose.
Maps’ life expectancy tool creates bias, research finds
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December 2, 2019
On the go: A life expectancy calculator provided by the UK’s pension guidance service could be exacerbating people’s unconscious bias and influencing their financial decisions, new research has found.
Only three asset managers ‘walking the walk’ on climate change
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December 2, 2019
Among the world’s 15 largest asset managers, only three companies are making the grade on environmental, social and governance considerations, a report from InfluenceMap shows.
McCloud claimants to be treated as pre-2015 members
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November 29, 2019
On the go: Younger members of public sector schemes who have been discriminated against by the government’s 2015 pension reforms will be treated as participants of the original pension funds.
Trustees back partial transfers for big pension pots
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November 27, 2019
Data crunch: The number of schemes offering partial defined benefit transfers is increasing, with the option being targeted at members with large transfer values, new data show.