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      event logo
      Webinar: Using passion for ESG to unleash member engagement

      This webinar will look at how pension schemes can harness their members’ interest in ESG to engage them more broadly with their pensions. In particular, it will look at exclusive research showing how members are reacting to ESG; their propensity to act versus their actual behaviour; and the expectations they have of providers in this regard.

      • Date: 26 Jan 2021
      • Webinar
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      Investment Conference

      This two part Investment Conference will bring you the latest updates from economists, asset managers and pension consultants. We will be taking a look at the outlook for the 2021 economy, alternatives, cashflow strategies and global equity markets to name a few, assessing how they fared through the volatility and what we can expect for the year ahead.

      • Date: 27 Jan 2021
      • Digital Conference
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      Webinar: What to put on your GMP Equalisation project roadmap for 2021

      This webinar will bring together views from actuaries, lawyers, administrators, trustees and data experts to look at the pragmatic, collaborative solutions that are open to schemes to solve the GMP equalisation challenges in 2021. It will assess the individual challenges schemes face with equalisations and provide some practical options that are available to resolve these issues.

      • Date: 02 Feb 2021
      • Webinar
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      Webinar: Will the world return to normal in 2021?

      In this webinar, PP editor Jonathan Stapleton will be joined by BMO’s chief economist Steven Bell and director of fiduciary management, Christy Jesudasan, alongside PTL trustee director Melanie Cusack and Isio’s head of fiduciary management oversight Paula Champion to discuss the significant impact of these themes on the pensions sector.

      • Date: 04 Feb 2021
      • Webinar
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  • Whitepapers
    • How DC schemes can gain exposure to different asset classes in a low-return environment

      So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap,' ‘pension freedoms' or consultations around ‘value for money', says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).

      Download
      Pension freedoms three years on

      In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.

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    You are currently accessing ProfessionalPensions via your Enterprise account.

    If you already have an account please use the link below to sign in.

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HM Revenue & Customs

Mercer urges government and HMRC to clarify GMP equalisation guidance
Mercer urges government and HMRC to clarify GMP equalisation guidance

The government must work with HM Revenue and Customs (HMRC) and the wider industry to clarify GMP equalisation uncertainties, Mercer says.

  • Admin / Technology
  • 21 January 2021
WPC freedoms inquiry unlikely to be dominated by Covid-19 impacts, says industry
WPC freedoms inquiry unlikely to be dominated by Covid-19 impacts, says industry

The economic impact of coronavirus is unlikely to overshadow the Work and Pensions Committee’s (WPC) inquiry into the success of pension freedoms, the industry believes.

  • Regulation
  • 13 August 2020
GMP listings: A new layer of unexpected complexity
GMP listings: A new layer of unexpected complexity

Alan Casey sets out how schemes can use HMRC GMP listings even where they are riddled with errors

  • Admin / Technology
  • 10 August 2020
WPC confirms inquiry into impact of freedoms; Scams to top extensive agenda
WPC confirms inquiry into impact of freedoms; Scams to top extensive agenda

Pensions scams will be the key focus in the first part of a Work and Pensions Committee (WPC) inquiry reviewing the impact of the introduction of pension freedoms five years on.

  • Regulation
  • 28 July 2020
Five stories you may have missed this week
Five stories you may have missed this week

This week’s top stories included auditor KPMG confirming it is considering reducing pension contributions for 20% of staff amid the ongoing impacts of the coronavirus pandemic. Also, MPs hit out at HM Revenue & Customs over the benefits of pensions tax...

  • Industry
  • 24 July 2020
HMRC 'doesn't understand' impact of pensions tax relief, say MPs
HMRC 'doesn't understand' impact of pensions tax relief, say MPs

HM Revenue & Customs (HMRC) must evaluate the benefits that are provided by pensions tax relief, MPs have said amid concerns the tax office does not understand the impacts.

  • Industry
  • 20 July 2020
Government extends NHS scheme pays deadline
Government extends NHS scheme pays deadline

NHS Pension Scheme members will be given an extra three months to make use of the voluntary scheme pays facility due to the increased pressures arising from the Covid-19 pandemic.

  • Defined Benefit
  • 08 June 2020
When and how to  correct benefits
When and how to correct benefits

There are many reasons why trustees may need to complete a benefit rectification exercise. Faye Jarvis explores the key considerations in these instances.

  • Law and Regulation
  • 20 May 2020
How to meet AE duties for furloughed workers
How to meet AE duties for furloughed workers

While furloughed workers are still entitled to pension contributions, Justin Corliss says employers must consider the impact of Covid-19 on their duties.

  • Defined Contribution
  • 05 May 2020
No longer an excuse for equalisation delay
No longer an excuse for equalisation delay

While HMRC guidance on GMP equalisation contains both good and bad news for schemes, it does allow them to get going on the process, says John Wilson.

  • Law and Regulation
  • 28 April 2020
TPR issues salary sacrifice guidance as Covid-19 listed as life event
TPR issues salary sacrifice guidance as Covid-19 listed as life event

The Pensions Regulator (TPR) has issued further guidance for employers with pension obligations making use of the government’s Coronavirus Job Retention Scheme.

  • Law and Regulation
  • 20 April 2020
HMRC pushes back deadline for GMP data cuts
HMRC pushes back deadline for GMP data cuts

HM Revenue and Customs has extended the deadline for the issue of final reconciliation data cuts due to the coronavirus outbreak.

  • Law and Regulation
  • 02 April 2020
Malcolm Weir: How the PPF deals with corporate restructures
Malcolm Weir: How the PPF deals with corporate restructures

The PPF is increasingly being called to vote on behalf of pension schemes in the event of a CVA process. James Phillips speaks to Malcolm Weir about the lifeboat fund’s capabilities.

  • Law and Regulation
  • 10 October 2019
Lifetime allowance breaches cost savers £185m in 2017/18
Lifetime allowance breaches cost savers £185m in 2017/18

More than 4,500 pension scheme members breached the lifetime allowance in the 2017/18 tax year, an increase of 36% from the year before, according to HM Revenue and Customs (HMRC).

  • Industry
  • 26 September 2019
HMRC ditches appeal over lifetime allowance breach
HMRC ditches appeal over lifetime allowance breach

Accidental breaches of lifetime allowance fixed protections could no longer result in onerous tax bills after HM Revenue and Customs (HMRC) dropped its appeal of a landmark case.

  • Law and Regulation
  • 03 June 2019
Employee tax relief receipts rise to £4.3bn; Freedom withdrawals pass £25bn
Employee tax relief receipts rise to £4.3bn; Freedom withdrawals pass £25bn

Members of occupational pension schemes claimed £4.3bn in pensions tax relief in 2017/18, as total relief climbed £1.1bn.

  • Defined Contribution
  • 30 April 2019
HMRC forms GMP equalisation working group five months after Lloyds judgment
HMRC forms GMP equalisation working group five months after Lloyds judgment

HM Revenue and Customs (HMRC) has formed a working group to help schemes consider the pension tax issues arising from the guaranteed minimum pension (GMP) equalisation process.

  • Industry
  • 01 April 2019
Savers overtaxed £400m by HMRC on pension freedoms
Savers overtaxed £400m by HMRC on pension freedoms

HM Revenue and Customs (HMRC) has taken over £400m too much in tax from savers accessing their pensions since the introduction of Freedom and Choice in 2015.

  • Defined Contribution
  • 31 January 2019
HMRC pays out £38m to pension freedom users after overtaxing
HMRC pays out £38m to pension freedom users after overtaxing

HM Revenue and Customs (HMRC) has had to pay £38m to pension freedom users after more than 18,000 counts of tax overpayment were reported.

  • Defined Contribution
  • 31 October 2018
HMRC 'looking at opportunities' to address net-pay tax anomaly
HMRC 'looking at opportunities' to address net-pay tax anomaly

The government is set to review an anomaly which sees lower-paid workers in the majority of master trusts lose out on tax relief, it has confirmed.

  • Law and Regulation
  • 10 October 2018
Regulatory cooperation needed post-Brexit to combat EU-based scammers, says PMI
Regulatory cooperation needed post-Brexit to combat EU-based scammers, says PMI

The proposed cold-calling ban may be ineffective if a collaborative regulatory approach between the UK and the European Union (EU) is not maintained post-Brexit, the Pensions Management Institute (PMI) has warned.

  • Law and Regulation
  • 20 August 2018
Pension freedom withdrawals hit record £2.3bn in Q2
Pension freedom withdrawals hit record £2.3bn in Q2

A record £2.3bn was withdrawn from pensions under Freedom and Choice in the second quarter of this year, according to HM Revenue & Customs (HMRC).

  • Defined Contribution
  • 31 July 2018
One in 10 risk huge tax bills by planning to withdraw entire pension pot
One in 10 risk huge tax bills by planning to withdraw entire pension pot

One in 10 of this year's retirees will take their entire pension pot as a lump sum, Prudential's 'Class of 2018' research finds.

  • Defined Contribution
  • 20 July 2018
Industry split on whether CMA proposals go far enough
Industry split on whether CMA proposals go far enough

Respondents were almost evenly split in this week's Pensions Buzz on whether the Competition and Markets Authority's (CMA) remedies for the investment consultant and fiduciary management markets go far enough.

  • Law and Regulation
  • 20 July 2018
123

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USS: Cost of scheme is 'growing challenge' as future returns 'likely to be lower'
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