The cut in pensions tax relief has reduced the proportion of FTSE250 executives who rely on defined contribution (DC) provision only, according to LCP.
Its annual FTSE250 Executive Pensions Survey showed just 28% of executives relied solely on DC, compared to 33% in 2012 and 41% in 2010. Annual allowance was cut from £255,000 to £50,000 in 2011, and...
UK pension schemes are working hard to counter climate risks across investment portfolios, but the assessment of climate risks to sponsor covenant must be a key focus of schemes’ broader risk assessment, says Michael Bushnell.
Only one third of defined benefit (DB) schemes lengthened their recovery plan end dates in 2019, according to research by Hymans Robertson.
Hargreaves Lansdown has been named as the slowest provider to switch pensions through the Origo transfer service.
Regulatory guidance “could set too high a hurdle” for superfunds, Lane Clark and Peacock (LCP) warns.
The Department for Work and Pensions is to make it mandatory for auto-enrolment defined contribution (DC) schemes to use simpler annual statements.