All News articles – Page 33
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NewsMansion House reforms build momentum behind CDC
Collective defined contribution (CDC) is proving the most popular of the Mansion House ‘reforms’, with more than a third (36%) of trustees and sponsors finding it the most attractive, according to Aon.
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News‘Economically inactive’ over fifties lack confidence in their skills, not a will to work
The government has put a great deal of effort – not to mention tax reform – into encouraging older workers back into the workplace.
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NewsSPP: Decumulation reforms must build on successes of auto enrolment policies
The Society of Pension Professionals (SPP) has issued feedback to the the Department of Work and Pensions (DWP)’s consultations on small pots and helping savers understanding their pension choices/decumulation.
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NewsHMRC fills its boots on £2.6 billion bumper IHT receipts
HM Revenue and Customs (HMRC) has disclosed thatinheritance tax (IHT) receipts for the latest period (April to July) were £2.6 billion, £0.2 billion higher than in the same period in the previous year. July alone saw £603 million raised.
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News'Furious' TPR workers to go on strike for equal pay
Pensions Regulator staff who are members of the Public and Commercial Services (PCS) union are to strike for two weeks over pay.
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NewsTPR tells schemes to get ready for new code of practice
The Pensions Regulator’s new general code of practice has been subject to several delays. Now, with the government in summer recess, it will be several months until the final code comes into force.
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NewsMaPS corrects potentially dangerous omission, but keeps Mum about it
The Money and Pension Service last week published an updated version of its “Your Pensions, Your Choices” guidance booklet, which is typically sent to every individual as they approach their retirement.
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NewsACA demands HMRC have LTA abolition rules ready by October
The Association of Consulting Actuaries (ACA) has called on HMRC to have put in place the rules to abolish the lifetime allowance (LTA) by October.
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NewsMansion House reforms could deliver £50bn in surpluses and nullify new code
The so-called Mansion House ‘reforms’ would have delivered as much as £50 billion in surpluses to FTSE 350 companies, had the strategy already been in place, according to analysis by Barnett Waddingham.
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NewsPDP: update on reset and there are no failures, merely challenges
The Pensions Dashboards Programme (PDP) has published an update on its ‘reset’, the term it has adopted for the latest delay to its programme.
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NewsFunding levels up and even better than the official stats
The Pensions Regulator’(TPR) has published its 2023 update to its scheme funding analysis for defined benefit and hybrid schemes. This shows that UK defined benefit (DB) and hybrid schemes continue to experience an improvement in funding.
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NewsCharities sector sees funding level improvement
The combined reserves of the largest 40 charities in England & Wales that sponsor defined benefit (DB) pension schemes rose to £49bn in 2022 from £40bn in 2021, according to analysis published in a report by Hymans Roberson.
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NewsFalling inflation may benefit state pensioners in the short term
The headline rate of inflation was down again in July 2023, for the second consecutive month.
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NewsLiving on your own in retirement is bad for your wealth
New research from Standard Life shows that single people need an additional £160,000 compared to pensioner couples who can share costs.
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NewsP&O announces £440m scheme buy-in
The trustee of the P&O Pension Scheme has today announced that it has agreed a £440 million buy-in with Rothesay, securing the remaining benefits of 5,300 scheme members.
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NewsGovernment dodges PAC demands claiming they are 'policy matters'
The government has rejected recommendations made by Parliament’s Public Accounts Committee (PAC) that it should review the indexation of the Pension Protection Fund (PPF) and initiate an independent review of AEAT members’ complaints.
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NewsDiversity and inclusion: a simple idea, but difficult to achieve
The benefits of diversity and inclusion when it comes to board-level decision-making are well-documented.
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NewsPASA releases new guidance on DB data accuracy
The Pensions Administration Standards Association (PASA) has today (14 August 2023) launched new guidance on data accuracy for defined benefit (DB) schemes.
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NewsPensions awareness campaign back for its 10th year
Pensions Geeks has announced that its 2023 pensions awareness campaign will take place from 11th to 15th September 2023.
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NewsSurvey says: 3/10 savers prefer CDC pension to annuity or drawdown
Almost one third (30%) of defined contribution (DC) savers in the UK said they would prefer a collective defined contribution (CDC) pension as a decumulation option at retirement, above the options of an annuity or drawdown.