The Financial Conduct Authority and HM Revenue & Customs have both launched consultations to shed further light on how the secondary annuity market could work, but questions were raised about the projected level of take-up.
ABI launches consultation on jargon-busting to empower members
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April 20, 2016
The Association of British Insurers has this week launched a consultation and draft guide aimed at simplifying the language used to explain freedom and choice to savers.
Regulator announces mastertrust crackdown
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April 18, 2016
The Pensions Regulator has announced plans to crack down on poorly governed mastertrusts, as auto-enrolment begins to show clear winners and losers among schemes.
Environment Agency Pension Fund shakes up investment monitoring
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April 18, 2016
The Environment Agency has released information about its investment process, emphasising a move away from more traditional benchmarking and quarterly reporting in favour of monitoring fundamentals and ad-hoc reporting.
TPAS call volumes balloon since freedoms
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April 18, 2016
The Pensions Advisory Service has seen a 71 per cent increase in enquiries since the introduction of freedom and choice in April last year, showing the need for accessible guidance.
50-50 take up remains low, but tax changes could spur interest
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April 13, 2016
Take up of a 50-50 option for members of local government pension scheme funds – which allows halving overall contributions – remains low but could rise with changes to pension tax next year.
How to manage an overseas parent company
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April 11, 2016
Any other business: A good relationship with a strong sponsoring employer is a great boon to a pension scheme, as it can mean access to a generous recovery plan and robust guarantees for the future of the scheme and its members.
Strathclyde joins antibiotics campaign as investors up engagement
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April 11, 2016
The Strathclyde Pension Fund is one of 54 institutional investors that have launched an engagement campaign aimed at stopping overuse of antibiotics in the supply chains of corporations in the UK and US.
Fallout from contracting-out continues at Bombardier
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April 6, 2016
Workers at engineering company Bombardier are considering industrial action over employer plans to pass on the cost of contracting-out cessation to members of two of its defined benefit schemes, while sharing the cost for the Railways Pension Scheme.
Withdrawals slow as freedom and choice demand eases
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April 6, 2016
The pace of withdrawals from defined contribution pension pots started to slow in the three months between October and December 2015, as pent-up demand following the introduction of freedom and choice began to ease.