News

Consultants have warned that cost constraints are holding defined contribution (DC) schemes back, responding to a Department for Work and Pensions’ (DWP) consultation on the effectiveness of costs, charges and transparency measures.

The long-running HM Revenue & Customs (HMRC) v Parry & Ors case, otherwise known as the Staveley case, has concluded Staveley’s actions gave rise to an inheritance tax bill, bringing clarity around pension transfers or switches made in ill-health.

The premise of auto-enrolment (AE) as a tool to boost both short- and long-term financial resilience will face its first true test as the effects of Covid-19 continue to play out, says Nest.

Independent professional trustee services provider Dalriada saw a 13.2% increase in revenue for the 12 months to 31 March 2020.

Understanding of topics that have traditionally been the focus of Local Government Pension Schemes (LGPS) fund committees is high, Hymans Robertson has found.

Foresight has completed the acquisition of the Pensions Infrastructure Platform (PIP) just one month after announcing the planned purchase.

The Continuous Mortality Investigation (CMI) has labelled statistics which show two months of deaths below 2019 levels as “modest”, warning of high excess figures.

The impact of the coronavirus pandemic on pension savers in Britain is continuing into the second half of the year, heightening worry around funding retirement and saving adequately.

Capita has deferred a £31.7m deficit recovery contribution (DRC) due to the Capita Pension and Life Assurance Scheme in June 2020 to the second half of the year.

The Siemens Benefits Scheme has agreed a £530m buy-in with Legal & General (L&G), insuring the benefits of more than 2,300 pensioner members.