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Blog
FRC proposes amendments to FRS102 to address confusion
Exposure draft confirms schedule of contributions will not need to be recognised as additional liability under accounting standard FRS102
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Blog
Guaranteed Minimum Pension explained
A Guaranteed Minimum Pension is a pension which a UK occupational scheme must provide for people contracted out of SERPS between April 1978 & April 1997.
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Blog
Inflation measure downgrade casts further doubt on pension increases
CPIH’s loss of national statistic status means some schemes may need to look once again at their pension increase rules
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Blog
Bank of England discussion paper: Procyclicality
The full name of this paper is “Procyclicality and structural trends in investment allocation by insurance companies and pension funds: A Discussion Paper by the Ba…
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Blog
Growing numbers of self-employed increasingly becoming a 'lost tribe'
Figures released by the Office for National Statistics (ONS) this morning provide the good news that employment is continuing to rise and unemployment continuing to…
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Blog
The bulk annuity market continues to go from strength to strength in 2014
According to research by Barnett Waddingham, UK insurers completed bulk annuity transactions totalling around £2.5bn in Quarter 2 of 2014.
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Blog
Reducing DB deficits costs FTSE350 37p in every £1
Our annual FTSE350 research has shown that firms pay 37p out of every £1 they spend on pension provision on reducing existing DB pension deficits.
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Blog
What is commutation?
The ability to take a tax free lump sum on retirement has long been a popular feature of pension arrangements. Commutation is defined as giving up part or all of t…
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Blog
PRA Solvency II update
On 25 July 2014 the PRA released an update on Solvency II implementation. Firms have been making significant progress towards the implementation date of 1 January 2…
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Blog
Switching to CPI may just have become a little easier
When the government changed statutory minimum pension increases to increases in CPI rather than RPI, many employers and trustees were flung into a flurry of activit…