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.
Newton’s Curt Custard considers the investment outlook for 2021 and the implications for DC schemes
Tim Shepherd and Beth Brown look at the legal implications of working from home and how pension professionals can mitigate the risks.
Nearly every trustee is confident of the next stage in their scheme’s strategy, despite almost an equal number being forced to consider replacing plans within the prior 12 months, according to research by Barnett Waddingham.
Master trusts’ investment strategies have grown and become more sophisticated over the last three years, but “growing pains” are hindering progress, according to the Defined Contribution Investment Forum (DCIF).
The government will set up an infrastructure bank to support investment and to co-invest alongside investors including pension funds.