All News articles – Page 55
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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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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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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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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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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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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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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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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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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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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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NewsUK economy: Inflation comes in below 8 per cent in June
The cost of living rose by a better-than-expected 7.9 per cent last month; it had been predicted to fall to 8.2 per cent after rising to 8.7 per cent in May.
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NewsMaster trusts: TCFD reports 'almost impossible' to compare
Taskforce for Climate-related Financial Disclosures (TCFD) reports need to be beefed up and made more relevant, a report by the Defined Contribution Investment Forum has found.
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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?
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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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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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NewsL&G completes £1.8bn buy-in of United Utilities schemes
Legal & General has completed buy-in with the trustees of two pension schemes sponsored by United Utilities, in a deal that covers around two thirds of their liabilities.
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NewsFears for pension savers as tax-free cash is gobbled up by debt
Paying for home renovations is the most popular use of the 25 per cent tax-free pension lump sum with 15 per cent using it to pay down a mortgage, credit card, and or loans.
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NewsHammerson completes £90m BPA deal with Just
The £90m bulk purchase annuity transaction between Just and the Hammerson Group Management Limited Pension and Life Assurance Scheme was advised by LCP.
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NewsSmart Pension buys Evolve Pensions for undisclosed sum
Smart Pension has acquired Evolve Pensions, owner of £750m Crystal master trust.
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NewsLGPS: Two schemes commit to Cheyne Capital's impact real estate strategy
The Greater Manchester Pension Fund and South Yorkshire Pensions Authority have joined the London Borough of Newham as the latest Local Government Pension Schemes (LGPS) to sign up to Cheyne Capital’s Impact Real Estate strategy.