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    • Upcoming events
      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
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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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Professional Pensions
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Philip Hammond

Chancellor Javid resigns weeks before Budget
Chancellor Javid resigns weeks before Budget

Chancellor of the Exchequer Sajid Javid has resigned just under a month before he was expected to deliver the first Budget of this parliament, making him the shortest-serving Chancellor for more than 50 years.

  • Investment
  • 13 February 2020
Boris Johnson vows to fix NHS pension tax issue if he wins leadership race
Boris Johnson vows to fix NHS pension tax issue if he wins leadership race

Conservative leadership contender Boris Johnson has promised to fix the pension tax relief rules that are causing senior doctors and highly-paid staff in the NHS to work fewer hours leading to longer waiting lists.

  • Defined Benefit
  • 09 July 2019
BMA tells chancellor to reform tax relief rules or face reduction in NHS working hours
BMA tells chancellor to reform tax relief rules or face reduction in NHS working hours

The British Medical Association (BMA) has warned chancellor Philip Hammond to reform the NHS pension scheme rules or doctors will reduce their working hours.

  • Law and Regulation
  • 25 April 2019
Five stories you may have missed this week
Five stories you may have missed this week

This week's top stories included warnings that defined benefit (DB) transfers could become more difficult for trustees to process after regulatory register changes.

  • Industry
  • 15 March 2019
Spring Statement lacks pensions policies but reduces index-linked gilt issuance
Spring Statement lacks pensions policies but reduces index-linked gilt issuance

Philip Hammond's Spring Statement was empty of any direct pension news as the Treasury sought to avoid major policy announcements.

  • Law and Regulation
  • 13 March 2019
Spring Statement: OBR revises down 2019 growth forecast as Hammond eyes Brexit 'deal dividend'
Spring Statement: OBR revises down 2019 growth forecast as Hammond eyes Brexit 'deal dividend'

UK gross domestic product (GDP) is set to grow by 1.2% in 2019, less than the 1.3% forecast in the 2018 Autumn Budget, but the economy will expand over the each of the next five year's, Chancellor Philip Hammond said in today's Spring Statement.

  • Law and Regulation
  • 13 March 2019
AE, net pay and the pensions dashboard - a Spring Statement wishlist
AE, net pay and the pensions dashboard - a Spring Statement wishlist

The Spring Statement is likely to be overshadowed by Brexit but there is still much to do in pensions. Kim Kaveh and Holly Roach take a look at the industry's wishlist.

  • Law and Regulation
  • 13 March 2019
Health secretary pushes chancellor for NHS pension tax reform
Health secretary pushes chancellor for NHS pension tax reform

Chancellor Philip Hammond is being pressed to tackle the impact of pensions allowances on the NHS' ability to recruit and retain staff.

  • Defined Benefit
  • 15 January 2019
Eight Budget announcements for the pensions industry to note
Eight Budget announcements for the pensions industry to note

Philip Hammond's 2018 Budget speech was entirely devoid of any mention of pensions, but the documents do include some things for the industry to take note of. Professional Pensions rounds up the eight key Budget plans and shortcomings.

  • Law and Regulation
  • 30 October 2018
Chancellor ignores net-pay pensions tax relief anomaly; Branded 'missed opportunity'
Chancellor ignores net-pay pensions tax relief anomaly; Branded 'missed opportunity'

Philip Hammond has failed to address the net-pay anomaly affecting lower-paid earners who are missing out on tax-relief on their pension contributions in today's Autumn Budget.

  • Defined Contribution
  • 29 October 2018
Budget 2018:  FCA to consult on pooling DC funds into patient capital; DWP to consult on charge cap
Budget 2018: FCA to consult on pooling DC funds into patient capital; DWP to consult on charge cap

The Financial Conduct Authority (FCA) will launch a consultation on updating the permitted links framework to allow unit-linked pension funds to invest in an appropriate range of so-called 'patient capital' assets.

  • Investment
  • 29 October 2018
Budget: Public sector schemes to move to CPIH 'when and where practicable'
Budget: Public sector schemes to move to CPIH 'when and where practicable'

The government will gradually adopt a version of the Consumer Prices Index (CPI) which incorporates housing costs for pension funds and index-linked gilts, it confirmed today.

  • Investment
  • 29 October 2018
Hammond to unveil study on pooling DC funds into patient capital - reports
Hammond to unveil study on pooling DC funds into patient capital - reports

Chancellor of the Exchequer Philip Hammond is expected to use next Monday's Budget to launch a feasibility study into the use of pensions to fund UK patient capital opportunities.

  • Regulation
  • 26 October 2018
PLSA urges Hammond to address five pensions priorities in Budget
PLSA urges Hammond to address five pensions priorities in Budget

The government needs to boost pension schemes' access to illiquid investments, remedy the net-pay tax relief anomaly, and focus on securing a "successful Brexit" for pensions in its upcoming Budget, says the Pensions and Lifetime Savings Association (PLSA)....

  • Law and Regulation
  • 12 October 2018
Five stories you may have missed this week
Five stories you may have missed this week

This week's top stories include Smart Pension and Legal & General revealing a prototype demo of their workplace retirement income product, combining drawdown and annuities.

  • Industry
  • 12 October 2018
Pensions tax relief faces cut as government seeks funding for NHS
Pensions tax relief faces cut as government seeks funding for NHS

Chancellor Philip Hammond is set to announce cuts to pensions tax relief in his Budget later this month in order to raise revenue to pay for NHS funding commitments, according to reports.

  • Law and Regulation
  • 08 October 2018
Govt urged to take action on net pay anomaly as experts sign letter to chancellor
Govt urged to take action on net pay anomaly as experts sign letter to chancellor

Industry heavyweights have urged chancellor Philip Hammond to take action on the net pay pensions tax relief anomaly which affects lower-paid earners.

  • Law and Regulation
  • 05 October 2018
Trustees should be proactive on DB transfers, says industry
Trustees should be proactive on DB transfers, says industry

Around three-fifths of respondents in this week's Pensions Buzz backed the view that trustees should take a proactive approach to engage with members when they are seeking to transfer out of their defined benefit (DB) scheme.

  • Defined Benefit
  • 05 October 2018
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 trustee directors who were found to have mismanaged members' pension funds.

  • Industry
  • 28 September 2018
Treasury confirms Budget date; Radical tax relief reform 'more likely'
Treasury confirms Budget date; Radical tax relief reform 'more likely'

Chancellor of the Exchequer Philip Hammond has confirmed he will deliver the government's annual budget on 29 October.

  • Law and Regulation
  • 27 September 2018
Hammond open to RPI reform but up to 'ONS to initiate'
Hammond open to RPI reform but up to 'ONS to initiate'

Chancellor Philip Hammond has said he would be happy to hear about reforming the retail prices index (RPI) as long as the Office of National Statistics (ONS) initiates discussions.

  • Law and Regulation
  • 12 September 2018
USS members should bear most cost of higher contributions, say respondents
USS members should bear most cost of higher contributions, say respondents

Universities Superannuation Scheme (USS) members should be responsible for most of the cost of increased contributions if the scheme's defined benefit (DB) section remains open to accrual, Pensions Buzz respondents say.

  • Defined Benefit
  • 16 March 2018
Five stories you may have missed this week
Five stories you may have missed this week

This week's top stories included coverage of the ongoing Universities Superannuation Scheme (USS) saga, where members rejected a negotiated deal between their union and the employers.

  • Industry
  • 16 March 2018
Spring Statement empty but economic projections good news for contributions
Spring Statement empty but economic projections good news for contributions

Philip Hammond's financial update was empty of any direct pensions impacts as the chancellor sought to trim down the fiscal statement.

  • Defined Contribution
  • 13 March 2018
123

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Trustees will need to be corporate finance experts under new TPR powers
Trustees will need to be corporate finance experts under new TPR powers
Livingbridge sells Broadstone to Intermediate Capital Group
Livingbridge sells Broadstone to Intermediate Capital Group
Pension Schemes Bill gets final approval and waits for Royal Assent
Pension Schemes Bill gets final approval and waits for Royal Assent
Mark Stocker dies following cancer battle
Mark Stocker dies following cancer battle
USS: Cost of scheme is 'growing challenge' as future returns 'likely to be lower'
USS: Cost of scheme is 'growing challenge' as future returns 'likely to be lower'
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