Latest articles from Maria Espadinha

Pension schemes bill to cost industry £818m in first year

The pensions industry faces an annual cost increase of £818m as a result of changes brought in by the pension schemes bill, with the new defined benefit funding regime and the pensions dashboard requiring the lion’s share of this investment.

AA considers DB scheme closure

News On the Go

On the go: The AA is considering closing the last section of its defined benefit scheme still open to future accrual, with 2,800 employees expected to be transferred to one of its defined contribution plans.

Renewed calls for govt to set up pensions commission

News On the Go

On the go: Two think tanks are calling for the government to set up a new pensions commission, after it found cross-party support for such an initiative.

British Steel trustees cleared by Pensions Ombudsman

The Pensions Ombudsman has rejected a number of complaints against the trustees of the old British Steel Pension Scheme, after concluding that communications to members were not misleading and did not amount to scaremongering.

PPF: More than half of defined benefit schemes still in deficit

News On the Go

On the go: Fifty-seven per cent of defined benefit schemes in the UK are in deficit, with an aggregate shortfall of £160bn, according to the latest edition of the Pension Protection Fund’s Purple Book.

HMRC delays GMP reconciliation final timeline again

News On the Go

On the go: HM Revenue & Customs has again declined to announce a new timeline for the guaranteed minimum pension reconciliation final data cuts, despite having promised that its next update would bring a string of delays to an end.

Tapered annual allowance solution dismissed by experts

Pensions experts have criticised a rumoured government policy to raise the tapered annual allowance threshold income, calling it a sticking plaster that will not solve the underlying problem.

TPR presses Church of England for shorter deficit recovery

The Pensions Regulator has dismissed the idea of the Church of England reducing its deficit contributions, after a change in the valuation method used for one of its defined benefit schemes resulted in a dramatic shortfall decrease.

Chappell ordered to pay £9.5m into BHS schemes

News On the Go

On the go: Dominic Chappell has been ordered to pay £9.5m into two pension schemes related to the collapsed high street chain BHS.

RPI reform consultation to be published in March

News On the Go

On the go: A consultation on changes to the retail price index will be published alongside the UK Budget on March 11, the chancellor of the exchequer has announced.