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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
      • 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.

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Tom Selby

FCA data reveals over £20bn of DB transfers between 2018 and 2020
FCA data reveals over £20bn of DB transfers between 2018 and 2020

Some £20.1bn of defined benefit (DB) pensions were advised to transfer between 2018 and 2020, while £10.2bn were recommended not to transfer, Financial Conduct Authority (FCA) data reveals.

  • Law and Regulation
  • 18 January 2021
Workplace schemes mandated to 'nudge' members into pensions guidance
Workplace schemes mandated to 'nudge' members into pensions guidance

Occupational pensions schemes will be required to direct savers to take guidance on pension withdrawals under new provisions to boost engagement.

  • Regulation
  • 28 October 2020
A Covid-19 tax relief raid could exacerbate generational pensions divide
A Covid-19 tax relief raid could exacerbate generational pensions divide

With rumours once again swirling around the future of pensions tax relief in the run up to this year's Budget, any reduced incentive for long-term savers could risk further exacerbating the generational divide in pensions, says Tom Selby

  • Defined Benefit
  • 18 September 2020
Pension transfers central in £30m worth of scam losses since 2017
Pension transfers central in £30m worth of scam losses since 2017

Complaints filed with ActionFraud show a total of £30.8m has been lost to pension scammers in the last three years, say The Pensions Regulator (TPR) and the Financial Conduct Authority (FCA).

  • Industry
  • 25 August 2020
RPI reform to cost schemes and investors up to £130bn
RPI reform to cost schemes and investors up to £130bn

Potential changes to the way the Retail Prices Index (RPI) is calculated and reported could cause assets to fall by between £60bn and £130bn, according to various estimates.

  • Investment
  • 21 August 2020
Government announces March Budget
Government announces March Budget

HM Treasury has confirmed that the government will hold its Budget on 11 March.

  • Law and Regulation
  • 07 January 2020
Life expectancy grows but slowdown in improvements continues
Life expectancy grows but slowdown in improvements continues

British people born between 2016 and 2018 are expected to live up to 4.2 weeks longer than those born in the 2015-17 period, according to the Office for National Statistics (ONS).

  • Risk Reduction
  • 25 September 2019
Investment fraud reports surge to more than 8,000 so far this year
Investment fraud reports surge to more than 8,000 so far this year

More than 8,000 investment fraud reports have been made so far this year, more than double the amount in the same period last year, a Freedom of Information request has revealed.

  • Investment
  • 15 August 2019
Pension participation rises to 87% of eligible workers
Pension participation rises to 87% of eligible workers

AE has had 'truly staggering' impact

  • Defined Contribution
  • 05 June 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
SFGB renamed Money and Pensions Service
SFGB renamed Money and Pensions Service

The Single Financial Guidance Body (SFGB) will be rebranded as the 'Money and Pensions Service', the government has announced.

  • Industry
  • 04 March 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
Net pay issue to widen as AE lower earnings limit rise confirmed
Net pay issue to widen as AE lower earnings limit rise confirmed

Low earners in net-pay schemes will lose out on more pensions tax relief as the gap between auto-enrolment (AE) qualifying earnings and the personal tax allowance widens.

  • Defined Contribution
  • 04 December 2018
Four fifths of LISA users also save into workplace pensions
Four fifths of LISA users also save into workplace pensions

The Lifetime ISA (LISA) has not caused an exodus from workplace pensions as feared, research by AJ Bell finds.

  • Defined Contribution
  • 21 November 2018
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
Lifetime allowance to rise to £1.05m as inflation falls to 2.4%
Lifetime allowance to rise to £1.05m as inflation falls to 2.4%

The lifetime allowance will rise to £1,054,800 from April next year as the Office for National Statistics (ONS) recorded inflation at 2.4% in the year to September.

  • Law and Regulation
  • 17 October 2018
Treasury rejects tax relief reform citing 'significant impact' on schemes
Treasury rejects tax relief reform citing 'significant impact' on schemes

The government has rejected the Treasury Committee's call for fundamental and incremental changes to pensions tax relief, noting there is "no clear consensus".

  • Law and Regulation
  • 12 October 2018
Life expectancy improvements grind to a halt; Number of people aged over 90 hits record high
Life expectancy improvements grind to a halt; Number of people aged over 90 hits record high

Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.

  • Risk Reduction
  • 25 September 2018
Treasury delays cold-calling ban
Treasury delays cold-calling ban

The government has confirmed the long-awaited ban on pensions cold-calling will now be delayed until Autumn.

  • Law and Regulation
  • 29 June 2018
Pension transfers hit record £10.6bn in first quarter
Pension transfers hit record £10.6bn in first quarter

Pension transfers increased to a record £10.6bn in the first quarter of this year, Office for National Statistics data reveals.

  • Defined Benefit
  • 21 June 2018
TPR to boost staff by 12% for more visible and forceful action
TPR to boost staff by 12% for more visible and forceful action

The Pensions Regulator has suffered what some critics call an 'annus horribilis'. James Phillips looks at how the watchdog has responded in its latest corporate plan.

  • Law and Regulation
  • 10 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
New retirees overly-pessimistic about life expectancy
New retirees overly-pessimistic about life expectancy

Soon-to-be and recent retirees significantly underestimate their longevity, expecting a lower chance of survival to old age compared to official estimates, according to the Institute for Fiscal Studies (IFS).

  • Defined Contribution
  • 17 April 2018
GKN proposes to pay £160m into pension schemes as part of demerger plans
GKN proposes to pay £160m into pension schemes as part of demerger plans

GKN has announced plans to make a cash contribution of £160m into its defined benefit (DB) pension schemes as part of demerger plans designed to fend off a hostile takeover by Melrose Industries.

  • Defined Benefit
  • 02 March 2018
12

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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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