The Pensions Management Institute (PMI) has launched its inaugural student essay competition.
The competition - which is being sponsored by ITM - is open to the institute's student members, affiliate student members and anyone registered to sit one of the PMI's qualifications.
The winner will be awarded £500, while the two runners up will win £250. Winning entries will be published in the PMI's Pensions Aspects publication as well as on www.professionalpensions.com.
To take part in the competition, entrants will need to write an essay of 1,200 to 1,500 words answering the question: "The terms 'risk reduction' and 'de-risking' are used frequently in relation to pensions, but usually focus on investment strategy. What other ways can pension schemes reduce risk in the administration, provision and communication of pensions to individuals?"
Entries should be submitted to the PMI's membership team by 11.59pm on 10 May 2019.
The essays will be judges by the student essay competition judging panel and winners will be notified by the end of May.
Further information on the competition can be found on the PMI's website.
Professional Pensions is delighted to confirm the Women in Pensions Awards 2020 will be presented at a virtual ceremony on 25 November.
The lifetime allowance is set to rise to £1,078,900 from April next year in line with the 0.5% inflation figure.
The UK has continued to struggle against its peers in an international analysis of pension systems due to continuing concerns over adequacy and sustainability.
Just one in six (16%) of schemes believe the Covid-19 pandemic has weakened their sponsor’s ability to support them in the long term, research by Willis Towers Watson finds.
Much like when selling a house, DB plans need to tidy up before approaching the bulk annuity market, says David Ellis.