Nicola Rondel
OpinionUnused legislative rule solves trustees drawdown conundrums
Section 273B of the Finance Act 2004 was introduced as part of the “pension flexibilities” changes and came into force at the end of December 2014.
OpinionStranded in a failed mastertrust
From the blog: A by-product of the introduction of auto-enrolment has been the establishment of nearly 90 mastertrusts, many set up with a commercial objective. A few of the larger schemes have started to move to profit, but with a 0.75 per cent charge cap most still rely on their sponsors to make good shortfalls in expenses.
OpinionContract-based DC is still playing governance catch-up
The clear direction of travel over the past few years has been to create a level playing field between trust-based and contract-based defined contribution pension schemes.
- Opinion
Will risk-sharing schemes ever take off in the UK?
The current pension schemes bill introduces a new shared-risk arrangement, in which at least some of the benefits can be provided through collective defined contribution plans. But what would the real-world application mean in the UK pensions market?