THE FINANCIAL Reporting Council estimates that funding for actuarial standards and regulation in 2006/7 will cost £1.7m, covered by contributions from the profession, insurance sector and schemes.
Schemes with 1000 or more members will be required to contribute on the basis of a levy of £2 per 100 members. Agent HBS – which collects levies from The Pensions Regulator and Pension Protection Fund...
The British Medical Association (BMA) has warned chancellor Philip Hammond to reform the NHS pension scheme rules or doctors will reduce their working hours.
The lifetime allowance should be scrapped and replaced with a lower annual allowance, last week's Pensions Buzz respondents said.
Action for Children Pension Fund has outsourced its pensions administration to Trafalgar House.