News

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).

Schemes must understand how they shape up and develop a strategy for recovery as it becomes “apparent that 2021 will continue to be a challenge for pension schemes”, Aon says.

The Pensions Dashboards Programme (PDP)’s update outlining its breakdown of what will take place in the next six months of development is unlikely to be feasible, PP readers say.

The Co-op has launched a ten point plan to achieve net zero by 2040 and will partner with ethical pensions campaign Make My Money Matter (MMMM) on its commitment.