A growing number of people will need a high level of care during their final years and how to fund this has proved a controversial question. The government has delayed the implementation of a cap on social care until April 2020. With the budgets of local government authorities under ever greater constraint, the costs of meeting social care will fall on individuals even more.
One of the key elements of the Care Act was the proposed introduction of a £72,000 cap (in 2016 prices) on the cost of care for people of State Pension Age and over. The cap, which was due to be effective...
Escalating standards for sole trustees will become a norm for reputable firms, even if they are voluntary, says Nigel Hill.
Sole trustees will be expected to assess whether to report to The Pensions Regulator (TPR) if they are removed, or resign, from an appointment because of sponsor’s actions.
Overall mortality remains in line with pre-coronavirus trends despite a recent increase in Covid-19 related deaths, according to the Continuous Mortality Investigation (CMI).
Aon has been re-appointed by the £400m ITN Pension Scheme to provide fiduciary management services.
XPS Pensions Group has posted a total revenue growth of 9% in the six months to 30 September 2020, its pre-close trading update shows.