Industry

High earners could face significant cuts to pension tax relief in the upcoming Budget under new Treasury plans to rein in the “perverse” system, according to reports.

Chancellor of the Exchequer Rishi Sunak has confirmed the government will go ahead with its Budget on 11 March, despite Sajid Javid’s resignation.

The Financial Conduct Authority (FCA) revealed unsuitable transfers out of defined benefit (DB) schemes could result in collective losses of up to £20bn worth of guarantees over five years.

Here they are. The finalist lists for the second annual Professional Pensions Rising Star Awards...

A lost tourist asks a local for directions and gets the reply: “Well, if I were you, I wouldn’t start from here.

UKSIF says scheme trustees are failing to comply with their investment duties around ESG. Hope William-Smith looks at whether they need government intervention to get back on track.

By improving their stewardship activity and collaborating together, schemes can reduce the burden on resources, says Lauren Peacock.

This week’s top stories included The Pensions Regulator’s announcement of new measures around the appointment of professional trustees, and the £3bn Merchant Navy Officers Pension Fund completing a £1.6bn buy-in with Pension Insurance Corporation.

Pension Insurance Corporation (PIC) has raised £750m of new capital from its shareholders to fund a pipeline of new pension risk transfer deals expected to complete in 2020.