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Barnett Waddingham
020 7776 2200

Blog: Employers

Barnett Waddingham, Lifetime Allowance, Individual Protection, Actuarial Services for Employers, Executive Pensions
IP14 - Practice safe saving

Pension savings currently attract tax relief. The Lifetime Allowance (LTA) is a limit placed by the Government on the value of pension benefits an individual can accrue over their lifetime without paying tax charges.

IFRIC 14, Barnett Waddingham, Actuarial Services for Employers, Buy-outs and Buy-ins, Corporate Activity and Transactions, Accounting
Softer approach to accounting for surplus under IFRIC 14

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.

Compromise on EU pensions directive grants boon for cross-border schemes

Revised Directive may permit cross-border schemes to use recovery plans – but is this too little, too late?

NO vote – but a call for change

Pension schemes should not rest easy as Scots vote No to independence, changes still lie ahead

Assessment of mental health risks within the workplace

Following the publication today of Dame Sally Davies’ annual report into mental health which shows mental illness leads to the loss of 70 million working days in the UK

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

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

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.

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.

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 the pension payable from retirement in exchange for an immediate lump sum.

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