All income drawdown pensions are subject to income tax on a PAYE basis and it is crucial that systems are in place to ensure that the tax is correctly remitted on time to HM Revenue & Customs so that penalties are not incurred.
As the keynote speaker at the IFoA’s General Insurance Conference (GIRO), Mark Carney addressed the importance of insurance to the new focus of the Bank of England.
IFRIC 14 amendment will clarify the treatment of pension schemes where there is a surplus on the IAS 19 accounting basis but no future accrual of benefits.
Examining the impact of FRS102 on non-associated multi-employer Schemes
Our Pension Administration Technical Help highlights pensions news and legislation that has particular interest to what we do in Pension Administration.
First announced at the start of 2013, the proposed reform of the UK state pension system has been accelerated by the Government and is now due to take effect from April 2016. Our latest briefing looks at the implications in more detail.
In 2013 the Trustees of a Charity asked us to use modelling to illustrate possible future investment returns and volatility resulting from the Charity’s current asset allocation, and then to suggest possible alternative asset allocations.
During early 2012, one of our schemes was constrained by the funding basis and the availability of contributions from the employer to the extent that it could not afford to reduce the level of risk and purchase additional protection.
We carried out an innovative buy-out for part of the Lloyd’s Superannuation Fund (LSF), a £500m multi-employer defined benefit scheme associated with the Lloyd’s of London insurance market.
For many years we have read about the ever increasing pain that defined benefit (DB) pension schemes have piled onto employers, be it additional funding requirements or unwelcome volatility on the balance sheet.
Our thirteenth annual survey of the assumptions adopted by FTSE100 companies for determining the value of their pension liabilities for accounting ...
Following on from our research of French companies with UK DB schemes, we have carried out two further research reports for German and Dutch companies with UK DB schemes.
Barnett Waddingham, the UK’s largest independent provider of actuarial, administration and consultancy services, has been appointed to provide fiduciary monitoring services to the trustees of the £100m Agility Pension Plan.
Firm continues growth of SIPP & SSAS business following launch of Flexible SIPP and acquisition of Harsant Pensions; SSAS business breaks £4bn AUA mark as result of the deal.
Barnett Waddingham has announced the launch of its newly rebranded ‘Health and Wealth’ workplace benefits practice area within the firm, which will focus on advising employers and trustees on how to meet the evolving needs of their employees.