• Home
  • Admin/Tech
  • Benefits
  • Buzz
  • DB
  • DC
  • Diversity
  • Investment
  • Law & regulation
  • Risk reduction
  • Events
  • Whitepapers
  • Spotlights
  • Digital Edition
  • PPTV
  • Newsletters
  • Sign in
  •  
      • Newsletters
      • Account details
      • Contact support
      • Sign out
     
    •  

      You are currently accessing ProfessionalPensions via your Enterprise account.

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

      If you have any problems with your access or would like to request an individual access account please contact our customer service team.

      Phone: +44 (0) 1858 438800

      Email: [email protected]

      • Sign in
  • Follow us
    • Twitter
    • LinkedIn
    • Newsletters
    • YouTube
  • Register
  • Subscribe
  • Events
    • Upcoming events
      event logo
      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: 20 Jan 2021
      • Digital Conference
      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
      event logo
      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
      event logo
      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
      View all events
      Follow our Professional Pension Events

      Sign up to receive email alerts about our events

      Sign up

  • 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
      Find whitepapers
      Search by title or subject area
      View all whitepapers
  • Spotlights
  • Digital Edition
Professional Pensions
Professional Pensions
  • Home
  • Admin/Tech
  • Benefits
  • Buzz
  • DB
  • DC
  • Diversity
  • Investment
  • Law & regulation
  • Risk reduction
 
    • Newsletters
    • Account details
    • Contact support
    • Sign out
 
  •  

    You are currently accessing ProfessionalPensions via your Enterprise account.

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

    If you have any problems with your access or would like to request an individual access account please contact our customer service team.

    Phone: +44 (0) 1858 438800

    Email: [email protected]

    • Sign in

tax

Steve Webb claims HMRC will 'over-tax' pension freedom users during crisis
Steve Webb claims HMRC will 'over-tax' pension freedom users during crisis

Lane Clark & Peacock (LCP) has called out HM Revenue & Customs' (HMRC) tax policy on flexible drawdown as "unacceptable", claiming it could lead to draconian tax penalties during Covid-19.

  • Defined Benefit
  • 20 May 2020
'No excuse' for industry slipping from GMP equalisation timescale targets
'No excuse' for industry slipping from GMP equalisation timescale targets

The lack of clarity from HM Revenue and Customs (HMRC) on guaranteed minimum pension (GMP) equalisation is “no excuse” for stalling implementation, says Aon.

  • Admin / Technology
  • 20 November 2019
HMRC GMP equalisation tax guidance confirmed for December
HMRC GMP equalisation tax guidance confirmed for December

HM Revenue and Customs (HMRC) has announced it will publish its long-awaited tax guidance specific to guaranteed minimum pension (GMP) equalisation in December.

  • Admin / Technology
  • 31 October 2019
Widespread concern over complexity and cost of GMP equalisation, finds ACA
Widespread concern over complexity and cost of GMP equalisation, finds ACA

Employers are increasingly concerned about the costs and complexity associated with equalising guaranteed minimum pensions (GMPs), according to the Association of Consulting Actuaries (ACA).

  • Admin / Technology
  • 22 October 2019
Fix pensions tax before pushing patient capital investments
Fix pensions tax before pushing patient capital investments

With savers facing 100% of the potential downside of patient capital investment, as well as tax implications from the upside, Peter Glancy argues it is not the most enticing proposition.

  • Defined Contribution
  • 03 October 2019
GMP Equalisation Working Group publishes methodology guidance
GMP Equalisation Working Group publishes methodology guidance

The cross-industry GMP Equalisation Working Group has published guidance outlining methods schemes could use to equalise for the sex based inequalities of GMPs.

  • Admin / Technology
  • 30 September 2019
Industry in agreement on banning contingent charging
Industry in agreement on banning contingent charging

The majority of this week's Pensions Buzz respondents agreed with the Financial Conduct Authority's (FCA) proposal to ban contingent charging on defined benefit (DB) transfer advice.

  • Industry
  • 13 August 2019
HMRC has 'no clue' how many members have faced pension tax allowance fines
HMRC has 'no clue' how many members have faced pension tax allowance fines

HM Revenue and Customs (HMRC) does not know how many people it has fined for breaching pension tax allowance rules, a Freedom of Information request has revealed.

  • Defined Contribution
  • 18 July 2019
GMP equalisation working group forms five sub-committees to draft guidance and drive progress
GMP equalisation working group forms five sub-committees to draft guidance and drive progress

The industry-wide GMP equalisation group has created five sub-committees to each work on a key component of the guidance. Holly Roach reports

  • Admin / Technology
  • 24 June 2019
LISA or a pension pot… or both?
LISA or a pension pot… or both?

Michael Johnson compares a pension pot with a Lifetime ISA from the perspective of a millennial

  • Industry
  • 15 April 2019
Five pension changes for the new tax year
Five pension changes for the new tax year

The new tax year brings a number of changes for pensions including the long-awaited name change for the Single Financial Guidance Body (SFGB).

  • Law and Regulation
  • 08 April 2019
Exclusive: Smart Pension to launch financial well-being app
Exclusive: Smart Pension to launch financial well-being app

Smart Pension will roll out an online financial well-being application to help members make decisions about their money in Q1 next year.

  • Employee Benefits
  • 22 November 2018
How to give overseas DB members the correct advice in transfer exercises
How to give overseas DB members the correct advice in transfer exercises

DB schemes are increasingly running transfer exercises to manage liabilities. Jonathon Webb looks at how to ensure overseas members are given the correct advice and included in the process

  • Defined Benefit
  • 30 August 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
Six pensions changes for the new tax year
Six pensions changes for the new tax year

The new tax year brings a number of changes to the pensions world, not least the first round of phasing for auto-enrolled employees.

  • Law and Regulation
  • 06 April 2018
Scotland changes income tax rates; pension savers face tax relief complexity
Scotland changes income tax rates; pension savers face tax relief complexity

Changes to Scottish income tax bands could see savers receiving the wrong amount of pensions tax relief, commentators have warned.

  • Law and Regulation
  • 14 December 2017
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
Technology and culture will lead to 'Uber moment' for saving
Technology and culture will lead to 'Uber moment' for saving

Changes in work culture and technology will lead to an 'Uber moment' for savings at some point in the future, Bravura business development manager Natanje Holt believes.

  • Admin / Technology
  • 06 July 2017
One in five retirees face tax shock by withdrawing over tax-free limit
One in five retirees face tax shock by withdrawing over tax-free limit

Pensioners are at risk of paying more tax than necessary by withdrawing over 25% of their fund in one lump sum, a Prudential analysis has found.

  • Defined Contribution
  • 12 April 2017
Spring Budget 2017: Master trust tax registration to align with authorisation
Spring Budget 2017: Master trust tax registration to align with authorisation

Master trusts will face a new tax registration process aimed at boosting savers' protection and aligning it with the incoming authorisation process.

  • Law and Regulation
  • 08 March 2017
RBS re-opens union talks over NI costs as strike action looms
RBS re-opens union talks over NI costs as strike action looms

Royal Bank of Scotland (RBS) has resumed talks with unions over national insurance (NI) contribution costs being passed onto its 27,000 defined benefit (DB) scheme members.

  • Defined Benefit
  • 04 August 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
Sponsors to pass NIC increase onto employees
Sponsors to pass NIC increase onto employees

Most of the industry believes employers are unlikely to absorb the increase in national insurance contributions, according to PP research.

  • Defined Benefit
  • 28 April 2016
More than two thirds of over-55s will not cash in annuities
More than two thirds of over-55s will not cash in annuities

Two thirds of people aged over 55 who have bought an annuity (68%) would be unlikely to cash it in despite being able to from next year.

  • Defined Benefit
  • 26 April 2016
123

Most read

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
LGPS to become negative cashflow 'by 2024'
LGPS to become negative cashflow 'by 2024'
Pension Schemes Bill set for final debate next week
Pension Schemes Bill set for final debate next week
Aegon commits to net-zero default funds by 2050
Aegon commits to net-zero default funds by 2050
Trustpilot

 

  • Contact Us
  • Marketing solutions
  • About Incisive Media
  • Terms and conditions
  • Policies
  • Careers
  • Twitter
  • LinkedIn
  • Newsletters
  • YouTube

© Incisive Business Media (IP) Limited, Published by Incisive Business Media Limited, New London House, 172 Drury Lane, London WC2B 5QR, registered in England and Wales with company registration numbers 09177174 & 09178013

Digital publisher of the year
Digital publisher of the year 2010, 2013, 2016 & 2017
Loading