Only a “comprehensive rethink” will be able to fix the “bloated, inefficient mess” of the current pension tax system, says Hargreaves Lansdown head of policy Tom McPhail.
The Pensions Ombudsman (TPO) has rejected a number of complaints from members of the embattled and collapsed British Steel Pension Scheme (BSPS).
Plenty of risk remains in the Pension Protection Fund's (PPF) universe but the outlook on funding levels is positive, the lifeboat says as it launches its 2019 Purple Book.
A self-sufficiency approach is not riskless and trustees must consider covenant strength and longevity exposure. Chris Ramsey looks at the key considerations of running schemes on.
Pension transfer values fell in December, while the number of individuals taking a transfer value from schemes rose, according to XPS Pension Group.
Defined benefit (DB) and defined contribution (DC) master trust The Cheviot Trust has selected First Actuarial to provide actuarial services for the scheme.
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the December 2019 estimates on the various measures…
The government’s review of the tapered annual allowance is underway with findings expected to be announced in the 11 March Budget.
As the PPF and Professional Pensions get ready to launch the 2019 edition of the Purple Book, Lisa McCrory explains how trustees and the wider industry can use the data.
GSAM has unveiled its annual study of pension schemes within the FTSE 350 index on funding level trends. Kim Kaveh explores its findings.
Universities Superannuation Scheme (USS) will hold further discussions in the new year to agree on how to proceed with the scheme.
With one of Europe’s most well-known companies planning its most significant pension scheme overhaul to date, unions have stepped in to ensure workers are not short-changed. Hope William-Smith reports.
The Universities Superannuation Scheme (USS) Joint Expert Panel’s (JEP) proposals for future valuations have received broad support as a way protecting the long-term interests of its members.
Over a third of defined benefit (DB) trustees have helped their members source financial advice in the lead up to their retirement, research shows.
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the November 2019 estimates on the various measures…
Pensions schemes are better funded now than this time last year, according to PwC’s annual Pension Scheme Funding Survey.
Aggregate spending on defined benefit (DB) pensions has dropped from £19bn to £15bn in 12 months, according to Hymans Robertson.
Pension scheme trustees should actively engage financial advisers if members are looking to transfer out of their defined benefit arrangements and washing their hands of the process does not eliminate risk, a study has found.
Unilever has set out plans to overhaul its defined benefit (DB) pension arrangements in a bid to manage costs.
A typical defined benefit (DB) scheme was able to meet 93.7% of its accrued pension rights as of 30 September this year, according to Legal & General Investment Management (LGIM).
Mobius Life has launched a specialist fund range in a bid to make alternative investment strategies available to more defined benefit (DB) schemes.
As more schemes reach a fully funded status, it is important that the risk-averse environment is not codified into regulations, says Paul McGlone.
Without specialist help, smaller DB schemes are being left behind in a bulk annuity market increasingly focused on mega-deals, says Rob Dales.
NHS England has confirmed it will take urgent action on to ensure NHS workers who exceed their annual allowance during this financial year will be able to take on additional work without being left out of pocket.