This week concerns escalated over the impact of expected tax relief reforms amid revelations that reductions in recent years have already forced higher earners to leave schemes.
Punter Southall announced a big internal restructure as part of its growth strategy, defined benefit scheme funding was being hit with a perfect storm of lower returns and yields, while the pensions minister voiced concerns over lost tax relief for low earners.
Jonathan Stapleton looks at some of the implications of any shift to flat-rate pension tax relief.
Punter Southall Group has launched a new workplace pensions and savings business as part of its wider growth strategy.
3) ACA: tax relief changes forced higher earners to leave schemes
Changes to pension tax relief in recent years have already caused schemes to lose members on higher incomes, according to research from the Association of Consulting Actuaries (ACA).
Gilt yields have fallen on the back of January's market jitters and rate rise expectations have been pushed back again. This coupled with lower returns does not bode well for DB schemes, finds Stephanie Baxter.
5) Ros Altmann worried about lost tax relief for low earners
The different way peoples' pension contributions are calculated risks cutting low earners out of auto-enrolment (AE) according to the pensions minister.
The Pensions Regulator (TPR) has substantially increased the usage of its powers against trustees – posting a sharp rise in the use of formal information gathering powers and High Court production orders during the three months to the end of September....
Government promises to unleash net-zero investment blitz with '10 Point Plan' for 'Green Industrial Revolution'
Carbon capture, hydrogen, nuclear, electric vehicles (EVs) and renewables all set to benefit from £12bn government stimulus plan, but critics warn funding falls well short of the level required to trigger a green recovery.
Opportunities for defined benefit (DB) schemes to pursue investment approaches that help repair the UK’s economy cannot stand in the way of improving member outcomes, Aegon says.
More members transferred out of defined benefit (DB) pension schemes in October after September's record lows while values were surprisingly stable, according to XPS Pensions Group's Transfer Watch.
Claudia Chapman sets out why schemes should look at expand their stewardship reporting and learn from best practice.