Barely a week goes by without someone mentioning the impact of quantitative easing, the Bank of England policy to purchase government bonds and thus add liquidity into the economy, especially within the pensions industry. Now it is coming to an end.
From March 2009 the BoE has gradually bought more and more assets, adding £100bn this year alone to a total of £375bn. However, earlier this month, the BoE announced it will not continue to purchase assets....
This week's top stories included analysis suggesting the British Steel Pension Scheme could have a £2bn surplus, while the Treasury removed its controversial MPAA cut from the Finance Bill.
Members of master trusts will see greater protection as new rules for an authorisation regime and capital adequacy have been signed into law.
Royal Mail has offered its employees a cash balance defined benefit (DB) scheme as a compromise for closing its current career average DB scheme to accrual.
The question of the state pension age will not be answered before the snap general election, the Department for Work and Pensions (DWP) has told PP.