News

Flat fees will be banned on pensions worth below £100 in a bid to end the erosion of small pots, the Department for Work and Pensions (DWP) has confirmed.

British businesses have ploughed £200bn into defined benefit (DB) pension contributions over 15 years to avoid a drop in pension funding levels, according to a report from Lane Clark & Peacock (LCP).

A proposal is underway to rescind a controversial decision to transfer residential property into Croydon’s pension fund so the cash-strapped council could pay less in employer contributions, following a “change in circumstances”.

The impact of the tapered annual allowance is clear after a 27 percentage point increase in NHS staff who exceed the pension annual allowance electing voluntary scheme pays, Quilter says.

Scottish Widows has told the Department for Work and Pensions (DWP) that performance fees should not be allowed in defined contribution (DC) pension defaults.

Neil Woodford's new portfolio projects it will more than triple investor capital over three years, according to a sales document that was sent to potential investors on an unsolicited basis.

Hope William-Smith takes us through some of the biggest current news stories for trustees and pension professionals.

Local Government Pension Scheme (LGPS) teams are under more administration pressure than ever with the raft of regulation and legislation such as McCloud, according to a Pensions and Lifetime Savings Association (PLSA) panel.

This week’s top stories include Lane Clark & Peacock’s acquisition of Aon’s German business and XPS Pension Group’s promotion of six new partners.

While the short-term impact of Covid-19 on liabilities in the Local Government Pension Scheme (LGPS) is likely to be relatively modest, the long-term impact is likely to be greater, according to the Scheme Advisory Board (SAB).