All News articles – Page 35
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NewsUSS: Private market allocation helps it shrug off rising inflation and market volatility
Universities Superannuation Scheme (USS), one of the last defined benefit schemes open to new members, said market volatility, rising inflation and the war in Ukraine had made investment challenging in the year ending 31 March 2023.
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NewsWhy auto enrolment only guarantees the most basic of retirement incomes
Even those who save the minimum amount into their pension for over 40 years will not have enough to secure the Pension and Lifetime Savings Association's (PLSA) retirement living standards ‘minimum’, ‘moderate’ or ‘comfortable’ retirement as a single pensioner.
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NewsCan a specialist service help endgame schemes manage illiquid assets?
The move has been prompted by an improvement in pension scheme funding levels among over the past twelve months, and presenting the option for risk transfer sooner than previously anticipated.
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NewsCan pension funds afford to invest in private equity?
In his Mansion House speech Chancellor Jeremy Hunt unveiled proposals to allocate at least five per cent of defined contribution default funds to unlisted companies by 2030, but are pension schemes ready to absorb the price of private equity.
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NewsMaPS forced into about turn on revision of pensions guide
The Money and Pension Service (MaPS) has revised a key pensions guidance document over concerns it could lead to non-UK residents facing an unexpected tax bill.
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NewsPensions transfer scams on the increase
The number of people being approached unsolicited about transferring their pension increased in the second quarter of the year by five per cent, according to helpandadvice.co.uk.
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NewsConsumer duty: Advisers warn of fee increase
Almost a third of financial advisers expect their customer fees to increase as a result of the Financial Conduct Authority’s (FCA) consumer duty.
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NewsACA: HMRC must give greater clarity to avoid "pensions limbo" for DB schemes and members
The pensions industry requires greater clarity from government departments, if defined benefit (DB) schemes and members are not to find themselves in a “tax limbo”, warned the Association of Consulting Actuaries (ACA) this morning.
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NewsPensions specialist gives up to £2,000 ‘cost of living’ support payment to all staff
Cartwright, an independent privately-owned pension actuarial, investment consulting, consultancy and administration firm has given all staff a one-off payment to help with the increasing cost of living.
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NewsDeath tax: Government urged to clarify pension rules
The government has announced it is consulting around changes to the way pensions are taxed after death, but pension industry experts are arguing that the move makes little sense.
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NewsPublic sector pension bill exceeds UK GDP for the first time
Figures released by HM Treasury reveal that Britain’s public sector pension bill has exceeded the size of the total economy for the first time.
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NewsMulti-employer CDCs discussed at TPT roundtable events
TPT Retirement Solutions has held roundtable discussions with interested businesses on launching multi-employer collective defined contribution (CDC) schemes.
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NewsPrivate equity or bust? Why the Mansion House pension compact needs detail and circumspection
Is the private equity push a headline-grabbing stunt or a forward-thinking initiative that could help boost both the UK economy and savers' pots?
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NewsAnnuity rates rise by a fifth in a year
Annuity rates increased by 20 per cent in the last twelve months adding over £25,000 income over the lifetime of the product.
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NewsBPA deals at an all time high
Bulk annuity deals are predicted to hit £25bn during the first half of 2023, according to one pensions consultant.
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NewsCalls for pension tax overhaul as HMRC refunds over £56m in overpayments
Figures released by HMRC show that pension savers were refunded £56,243,842 in overpaid tax during the second quarter of 2023 alone.
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NewsBorder to Coast pooling 'on track' to deliver £340m savings by 2030
Five years after its launch, the Border to Coast Pensions Partnership has announced that 83 per cent of the assets owned by its 11 partner funds have been pooled.
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NewsLTA tax proposal is 'bombshell' for untouched pension pots
The government appears to be backtracking on the ability to inherit pension pots tax-free, according to LCP.
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NewsUSS launches consultation on proposed funding assumptions
The Universities Superannuation Scheme has launched a consultation with Universities UK (UUK) on the trustee’s proposed funding assumptions and methodology for the scheme’s 2023 actuarial valuation and on the statement of funding principles.
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NewsBuyouts: Is a capacity crunch already here?
This year is set to be a bumper year for buyouts, but has the most bouyant sector of the pensions market reached saturation point?