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      Investment Conference

      This two part Investment Conference will bring you the latest updates from economists, asset managers and pension consultants. We will be taking a look at the outlook for the 2021 economy, alternatives, cashflow strategies and global equity markets to name a few, assessing how they fared through the volatility and what we can expect for the year ahead.

      • Date: 29 Jan 2021
      • Digital Conference
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      Webinar: What to put on your GMP Equalisation project roadmap for 2021

      This webinar will bring together views from actuaries, lawyers, administrators, trustees and data experts to look at the pragmatic, collaborative solutions that are open to schemes to solve the GMP equalisation challenges in 2021. It will assess the individual challenges schemes face with equalisations and provide some practical options that are available to resolve these issues.

      • Date: 02 Feb 2021
      • Webinar
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      Webinar: Will the world return to normal in 2021?

      In this webinar, PP editor Jonathan Stapleton will be joined by BMO’s chief economist Steven Bell and director of fiduciary management, Christy Jesudasan, alongside PTL trustee director Melanie Cusack and Isio’s head of fiduciary management oversight Paula Champion to discuss the significant impact of these themes on the pensions sector.

      • Date: 04 Feb 2021
      • Webinar
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      Webinar: Investing for the transition to net-zero

      Pension schemes are now facing increasing government, regulatory, and member demand to manage the financial risks associated with the anthropogenic consequences of the environmental crisis. But how best to manage this transition to net-zero? And, in the rush to invest in carbon friendly assets, are investors potentially missing out on potential returns generated by the transition theme, investing in assets that may not be carbon neutral but have the potential to significantly improve their environmental credentials over time. This webinar will discuss at the transition theme, look at the opportunity set available and ask how this can help schemes achieve superior returns while moving towards a net-zero portfolio.

      • Date: 11 Feb 2021
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  • Whitepapers
    • How DC schemes can gain exposure to different asset classes in a low-return environment

      So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap,' ‘pension freedoms' or consultations around ‘value for money', says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).

      Download
      Pension freedoms three years on

      In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.

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    You are currently accessing ProfessionalPensions via your Enterprise account.

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Jenna Towler

Jenna is an award-winning journalist with more than ten years' pensions and financial services experience. She is deputy editor of Professional Adviser and editor of Retirement Planner.

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Articles by Jenna Towler

Prudential sells £12bn annuity book to Rothesay Life
Prudential sells £12bn annuity book to Rothesay Life

Prudential has sold £12bn in annuity assets to reinsurance business Rothesay Life as part of its M&G demerger announced today.

  • Risk Reduction
  • 14 March 2018
Pension cold-calling ban to be in place 'by June'
Pension cold-calling ban to be in place 'by June'

A ban on pension cold-calling will be put into law by June this year after the government introduced amendments to the Financial Guidance and Claims Bill.

  • Regulation
  • 07 March 2018
FCA's latest annuity rules 'fundamentally' flawed
FCA's latest annuity rules 'fundamentally' flawed

New regulatory rules which require providers and advisers to produce annuity illustrations will not solve the problem of consumer detriment as they are "fundamentally" flawed, according to Retirement Advantage.

  • Regulation
  • 22 February 2018
 Lloyds targets one million new pension clients by 2020
Lloyds targets one million new pension clients by 2020

Plans to invest more than £3bn in strategic initiatives

  • Industry
  • 21 February 2018
Autumn Budget 2017: Lifetime allowance increase confirmed
Autumn Budget 2017: Lifetime allowance increase confirmed

Budget papers have confirmed the lifetime allowance (LTA) for pensions will increase to £1,030,000 for the tax year 2018/19.

  • Law and Regulation
  • 22 November 2017
Pension freedoms pose major mis-selling risk, warns NEST
Pension freedoms pose major mis-selling risk, warns NEST

Advice and guidance is not enough

  • Defined Contribution
  • 01 November 2017
Pension freedom withdrawals top £8bn in first year - ABI data
Pension freedom withdrawals top £8bn in first year - ABI data

Total payouts in the first year of pension freedom reached £8.2bn, according to data from the Association of British Insurers (ABI).

  • Industry
  • 15 August 2016
What surprises will the 2017 auto-enrolment review bring?
What surprises will the 2017 auto-enrolment review bring?

'The 2017 review cannot be ducked'

  • Defined Contribution
  • 10 August 2016
FCA to modernise pension transfer redress system
FCA to modernise pension transfer redress system

The method for calculating pension transfer redress following unsuitable advice looks set to be overhauled by the Financial Conduct Authority (FCA) later this year.

  • Law and Regulation
  • 03 August 2016
Altmann: Scaling back pensions minister role signals future danger
Altmann: Scaling back pensions minister role signals future danger

Pensions policy is extremely important

  • Law and Regulation
  • 19 July 2016
Damian Green named work and pensions secretary
Damian Green named work and pensions secretary

Stephen Crabb quit the cabinet

  • Industry
  • 14 July 2016
Pension dashboard 1.0 could be ready by year end, Origo chief
Pension dashboard 1.0 could be ready by year end, Origo chief

2019 is 'definitely doable'

  • Admin / Technology
  • 05 May 2016
Confusion around annual allowance taper could 'cost savers thousands'
Confusion around annual allowance taper could 'cost savers thousands'

Pension savers may miss out on thousands of pounds in tax relief due to confusion around the annual allowance taper rules implemented earlier this month.

  • Law and Regulation
  • 21 April 2016
Government to cap 'excessive' pension exit penalties
Government to cap 'excessive' pension exit penalties

The Treasury will legislate to cap excessive early exit charges levied on savers using pension freedom, it has confirmed.

  • Law and Regulation
  • 19 January 2016
Savers ignore GARs to cash out small pots
Savers ignore GARs to cash out small pots

Just one in three people accessing their pension pots last summer used them to provide some kind of retirement income, according to figures from the Financial Conduct Authority.

  • Defined Contribution
  • 07 January 2016
Government to launch secondary annuity market in April 2017

People drawing retirement income from annuities will be able to sell their contracts from 6 April 2017, the government has confirmed.

  • Law and Regulation
  • 15 December 2015
Zurich rolls out non-advised drawdown for workplace savers

Savers in Zurich corporate pension schemes will be able to access non-advised drawdown from the provider.

  • Defined Contribution
  • 01 December 2015
Autumn Statement: Treasury to backdate IHT drawdown exemption

Statement brings 'clarity' to the current situation

  • Law and Regulation
  • 25 November 2015
Regular saving boosts retirement confidence

Pension saving 'is good for you'

  • Industry
  • 18 November 2015
DB schemes' 'slow' response time delaying pension transfers

DB schemes take 'up to three months' to respond

  • Defined Benefit
  • 13 October 2015
Pensions freedom: Six stats from the first six months

Four out of five cash lump sums paid out to under 65s

  • Defined Contribution
  • 05 October 2015
'Second line of defence' exemption for £10k pension pots

Providers will not have to apply the ‘second line of defence' risk warning procedure to pension pots worth £10,000 or under, the Financial Conduct Authority (FCA) has said.

  • Law and Regulation
  • 01 October 2015
FCA overhauls at-retirement rules after major pension reforms

The Financial Conduct Authority (FCA) has revamped its at-retirement rules as a result of pensions freedom and choice reforms which opened up the retirement income market.

  • Law and Regulation
  • 01 October 2015
Scottish Widows chief executive Toby Strauss exits

Toby Strauss, the chief executive of Scottish Widows, is to exit the group after four years.

  • Appointments
  • 01 October 2015
Govt 'should legislate' against further major pension reform

Whatever the outcome of the tax relief green paper the government should use legislation to enforce a set period of stability for UK pensions, Neil MacGillivray has said.

  • Law and Regulation
  • 30 September 2015
Pension fraud 'increasingly linked' to investment scams

Fraudsters targeting pension pots in the wake of freedom and choice reforms are increasingly linking their efforts to investment scams such as fine wines and overseas property, Citizens Advice has warned.

  • Law and Regulation
  • 07 August 2015
Govt and FCA launch major review of financial advice market

A major review into consumer access to the financial advice market has been launched by HM Treasury and the Financial Conduct Authority (FCA).

  • Industry
  • 03 August 2015
Alan Higham exits Fidelity after 18 months

Alan Higham, Fidelity Worldwide Investment retirement director, is to leave the business after 18 months.

  • Appointments
  • 23 July 2015
Which? calls for FCA crackdown on 'confusing' drawdown charges

Consumer group Which? wants the Financial Conduct Authority (FCA) to take action to simplify drawdown charges to make pensions freedom and choice retirement income options easier to understand.

  • Law and Regulation
  • 21 July 2015
MPs launch pensions freedom advice and guidance inquiry

Members of the work and pensions select committee are to launch an inquiry into advice and guidance available to retirees following pensions freedom to ensure people are not "ripped off" when accessing their pots.

  • Defined Contribution
  • 17 July 2015
Scrapping salary sacrifice would 'send wrong message'

Scrapping salary sacrifice, rumoured to be part of the 8 July Budget, would do more harm than good but is likely to be high up on the Chancellor's agenda, consultants believe.

  • Employee Benefits
  • 06 July 2015
MorganAsh reveals secondary annuity market bureau plans

Longevity assessment specialist MorganAsh plans to operate a 'central annuity bureau' in the second-hand annuity market.

  • Defined Contribution
  • 01 July 2015
Scrapping salary sacrifice would 'send wrong message'

Scrapping salary sacrifice, rumoured to be part of the 8 July Budget, would do more harm than good but is likely to be high up on the Chancellor's agenda, providers have said.

  • Law and Regulation
  • 01 July 2015
Standard Life chief executive David Nish to exit

Standard Life chief executive David Nish is to step down after running the provider for six years.

  • Appointments
  • 19 June 2015
PFS chief warns on 'increasing danger' of unregulated activity

The danger of consumers falling into non-regulated financial advice is increasing and the government must act to increase protection for pensions freedom savers, the Personal Finance Society has said.

  • Defined Contribution
  • 26 May 2015
Ros Altmann must establish 'grand vision for saving'

New pensions minister Ros Altmann must continue with the package of bold reforms that her predecessor began and focus on encouraging a "rebirth of savings culture" in the UK, Michael Johnson has said.

  • Law and Regulation
  • 15 May 2015
FSCS hits pension advisers with £20m interim levy

The Financial Services Compensation Scheme has slapped a £20m interim levy on life and pensions intermediaries as it deals with "bad" self-invested personal pension (SIPP) advice.

  • Law and Regulation
  • 19 March 2015
Govt must address 'glaring inequality' in defined benefit tax treatment - Fidelity

The government should look into the glaring inequality in the tax system that favours defined benefit (DB) pension schemes over defined contribution (DC), Alan Higham has said.

  • Defined Benefit
  • 18 March 2015
Budget 2015: Osborne to allow pensioners to sell their annuities

Chancellor George Osborne will further relax pension rules in his Budget on Wednesday to allow the sale of annuity contracts.

  • Law and Regulation
  • 16 March 2015
MPs push for single pensions regulator to protect post-freedom retirees

Increased consumer choice under pensions freedom coupled with greater potential fraud risk has increased the argument for a single pensions regulator, MPs have said.

  • Law and Regulation
  • 10 March 2015
Which? calls for drawdown charge cap to stop inappropriate sales

A drawdown charge cap should be placed on sales to provider's existing customers to ensure people are not sold inappropriate products after pensions freedom comes into effect, Which? has said.

  • Law and Regulation
  • 06 March 2015
Freedom and choice will see UK become European 'pension haven'

The UK will become a pensions transfer ‘haven' for European Union citizens once freedom and choice comes into effect, a top pensions lawyer has said.

  • Law and Regulation
  • 27 February 2015
Advisers refusing DB transfers 'expose clients to fraud risk'

Clients looking to transfer out of defined benefit (DB) pension schemes could struggle to find willing advisers and providers to facilitate the shift, leaving them at greater risk of falling victim to fraudsters, Neil MacGillivray has warned.

  • Law and Regulation
  • 27 February 2015
'Pensions are finished': Michael Johnson calls time on traditional retirement product

The Budget reform package coupled with generation Y's complete disengagement from traditional retirement saving has effectively killed pensions in their current form, according to Michael Johnson.

  • Law and Regulation
  • 26 February 2015
Just Retirement unveils post-pensions freedom 'mix and match' products

Just Retirement is to launch a set of products aimed at Middle Britain retirees offering ‘mix and match' options for retirement income.

  • Defined Contribution
  • 25 February 2015
Pensions freedom risks becoming 'infamous example of political bungling' - Royal London

George Osborne's pensions freedom package, due to come into force in April, is at risk of becoming an "infamous example of political bungling" unless advice concerns are addressed, Phil Loney has said.

  • Law and Regulation
  • 12 February 2015
Labour Lord scolds 'dysfunctional' annuity market

A Labour peer has attacked the annuity market, claiming it "plays fast and loose" with the regulatory framework.

  • Law and Regulation
  • 28 January 2015
Guidance guarantee brand 'Pension wise' launched

The brand name for the guidance guarantee has been unveiled as ‘Pension wise - your money your choice'.

  • Industry
  • 12 January 2015
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