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  • Events
    • Upcoming events
      event logo
      Defined Benefit Consolidation Conference

      Professional Pensions is hosting this concise digital event on the 25th March to provide a crucial update on where the current regulation stands on DB Consolidators, assess the different models available, what the expected funding levels are and the governance requirements. This event will be a combination of short presentations followed by live Q&A’s with our expert speakers allowing plenty of time to answer your questions.

      • Date: 25 Mar 2021
      • Digital Conference
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      Defined Contribution Conference

      Professional Pensions Defined Contribution virtual event, hopes to take stock of the last year, and ask the important questions; are members saving enough and have we improved the member journey at retirement? This two part digital event will provide you with the latest thinking and innovation in the DC market during our snappy 15 minute presentations, with plenty of time to ask questions during our live speaker Q&A.

      • Date: 20 Apr 2021
      • Virtual Conference, Virtual Conference
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      Sustainable Investment Festival 2021

      The Sustainable Investment Festival will run online from 22-25 June and will include thought-provoking presentations from renowned keynote speakers, innovative breakout events and sessions specifically tailored to meet the information needs of fund selectors, financial advisers, pension consultants, trustees and scheme managers.

      • Date: 22 Jun 2021
      • Online, Online
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      UK Pensions Awards 2021

      The UK Pensions Awards – now in their 24th year – remain the industry's most prestigious accolades. They shine the light on excellence and recognise the advisers, providers and investment managers that offer the highest level of innovation, performance and service to occupational pension schemes and their members, and have done the most to improve this over the past year.

      • Date: 14 Sep 2021
      • London
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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.

      Download
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    You are currently accessing ProfessionalPensions via your Enterprise account.

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HM Revenue & Customs

Five stories you may have missed this week
Five stories you may have missed this week

This week's top stories included the Insolvency Service disqualifying four pension directors from running companies for a total of 21 years for their role in the businesses' mismanagement of member funds.

  • Industry
  • 13 July 2018
HMRC urged to extend GMP reconciliation deadline by a year
HMRC urged to extend GMP reconciliation deadline by a year

The government should extend its support for schemes seeking to reconcile guaranteed minimum pension (GMP) records until October 2019, Willis Towers Watson has said.

  • Law and Regulation
  • 12 July 2018
OTS review challenges 'emergency tax' on pension withdrawals
OTS review challenges 'emergency tax' on pension withdrawals

The Office for Tax Simplification has urged HM Revenue & Customs to review the usage of emergency tax codes for lump sum pension withdrawals.

  • Law and Regulation
  • 25 May 2018
£17.5bn pension freedom figure 'fails to reflect big picture'
£17.5bn pension freedom figure 'fails to reflect big picture'

HMRC figures published on Friday suggest almost £17.5bn has been flexibly withdrawn since the inception of pension freedoms, but that figure is not reflective of 'the bigger picture', according to one industry expert.

  • Defined Contribution
  • 27 April 2018
Pension freedom withdrawals reach £6.5bn in 2017
Pension freedom withdrawals reach £6.5bn in 2017

Total of £15.7bn accessed flexibly

  • Defined Contribution
  • 24 January 2018
Pensions tax relief to climb to £41bn this year
Pensions tax relief to climb to £41bn this year

The estimated cost of pensions tax relief for employees to the government is expected to hit £24bn in this tax year, according to government data.

  • Defined Contribution
  • 23 January 2018
HMRC issues internal guidance on DB VAT but fails to update schemes
HMRC issues internal guidance on DB VAT but fails to update schemes

HM Revenue and Customs (HMRC) has published an internal manual on how value-added tax (VAT) should be calculated for defined benefit (DB) occupational pension schemes.

  • Law and Regulation
  • 07 November 2017
HMRC repays £37m for overtaxed flexible pension payments in Q3
HMRC repays £37m for overtaxed flexible pension payments in Q3

HM Revenue and Customs (HMRC) paid out £37m in overpaid tax to pension freedoms users in the third quarter of the year, its quarterly figures have revealed.

  • Defined Contribution
  • 01 November 2017
Freedoms payouts total £1.6bn in Q3 as probe hears evidence
Freedoms payouts total £1.6bn in Q3 as probe hears evidence

Just under 200,000 people accessed their pensions using Freedom and Choice in the third quarter of the year, HM Revenue and Customs figures have revealed.

  • Defined Contribution
  • 25 October 2017
One in six tax returns filed by over-65s
One in six tax returns filed by over-65s

A rise in pensioner incomes and the freezing of pensioner tax-free allowance mean one in five taxpayers are now over the age of 65, Royal London says.

  • Industry
  • 31 July 2017
HMRC returns £27m of overpaid tax to pension freedom users
HMRC returns £27m of overpaid tax to pension freedom users

More than 10,000 counts of tax overpayment relating to pension freedoms have led to a £26.8m bill for HM Revenue & Customs (HMRC), latest data has revealed.

  • Defined Contribution
  • 28 July 2017
Pension freedom withdrawals cut through £10bn barrier
Pension freedom withdrawals cut through £10bn barrier

Average amount accessed per person continues to fall

  • Defined Contribution
  • 27 April 2017
Annual allowance cut leads to 79% rise in breaches
Annual allowance cut leads to 79% rise in breaches

The reduction of the annual allowance in 2014 has caused a significant rise in the number of people breaching the limit.

  • Defined Benefit
  • 06 March 2017
Five stories you might have missed this week
Five stories you might have missed this week

This week's top stories included the latest figures on pension withdrawals since Freedom and Choice, and the effect of President Donald Trump on DB deficits.

  • Industry
  • 27 January 2017
158,000 take cash from pensions in Q3
158,000 take cash from pensions in Q3

More than £1.5bn was withdrawn from pensions in the third quarter of this year, official statistics have revealed.

  • Defined Contribution
  • 26 October 2016
How Brexit will affect schemes' VAT claims
How Brexit will affect schemes' VAT claims

HMRC has been wrangling with a recent EU judgement saying DB schemes could reclaim VAT. With Brexit on the horizon, James Phillips explores whether the attempt is futile

  • Law and Regulation
  • 04 August 2016
CH2M unveils Halcrow Pension Scheme rescue plan
CH2M unveils Halcrow Pension Scheme rescue plan

CH2M has announced proposed plans to curb benefits for the 3,300 members of the beleaguered Halcrow Pension Scheme (HPS).

  • Defined Benefit
  • 08 June 2016
Do we need a wider industry approach to pension liberation?
Do we need a wider industry approach to pension liberation?

PP looks at whether more could be done to prevent members from transferring out in the first instance?

  • Legislation
  • 08 February 2016
Don't get me started… PP's prophets tells us what is making them angry about pensions
Don't get me started… PP's prophets tells us what is making them angry about pensions

PP's panel of pension prophets - Malcolm McLean, Roger Mattingly and Robin Ellison - discuss what is currently annoying them about the UK pensions system.

  • Industry
  • 27 January 2016
Ombudsman orders Prudential to grant transfer despite liberation fraud 'insinuations'

The Pensions Ombudsman (PO) Tony King has ordered Prudential to provide a transfer request to a member wishing to move his funds into a newly-created pension scheme.

  • Law and Regulation
  • 23 April 2015
Risk of £300 fine for pensions used like bank accounts

Thousands of savers face being hit with fines from the taxman for using their pension like a cash machine for the first time.

  • Law and Regulation
  • 05 November 2014
GMP equalisation could take years of preparation

Schemes should start preparing for GMP equalisation as it could take years to fully implement, consultants warn.

  • Industry
  • 21 February 2013
Top 20 news stories of 2012

It has been a record year for pensions news. On top of new regulations, defined ambition, tax changes and public sector reform, there have been mergers, acquisitions, industry spats and campaigns. Here, PP brings you the top 20 stories of the year in...

  • Industry
  • 27 December 2012
BIS overhaul of directors' pension valuation 'fundamentally misplaced'

Plans to change the way directors' pensions are valued in remuneration reports are "fundamentally misplaced," says the Society of Pension Consultants.

  • Industry
  • 04 October 2012
123

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KPMG employer covenant team acquired by private equity firm H.I.G Europe
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