Uncategorised

THE GOVERNMENT Actuary's Department decision to limit the withdrawal of "passports" for the Principal Civil Service Pension Scheme following changes to the scheme has been backed by lawyers.

POST office workers have called off strikes over pensions and pay after Royal Mail colleagues also agreed to suspend industrial action.

ANNUITIES are becoming less acceptable to consumers while demand for income drawdown continues to grow, according to research from Skandia.

SCHEMES saw surpluses fall by over £48bn during July, latest figures from the Pension Protection Fund reveal.

TRUSTEES are not assessing asset allocations regularly enough, BlackRock claims.

AXA subsidiary Thinc Group has taken over employee benefits consultancy PIFC Consulting.

LV= is increasing the size of its national account management team in a bid to expand its presence in the intermediary market.

FOR every £1 a private sector worker contributes to their pension they pay 91p in tax towards a public sector employee's pension, research from the Liberal Democrats reveals.

Scheme liability valuations can vary by up to 10pc because outdated discount rating methods are being used, PricewaterhouseCoopers claims.

THE London Borough of Waltham Forest Pension Fund is coming to the end of a complete restructure.