news
Recent News
Archive
Skip Navigation LinksHome > News

Recent News

Barnett Waddingham comments on TPR research on DB pension costs
April 2014
The Pensions Regulator has today published the findings of research examining how defined benefit (DB) schemes of different sizes are impacted by administration and other running costs. Commenting on ...
Malcolm McLean comments on £25 state pension top-up plans announced today
April 2014
Pensioners and those who reach pension age in the next 2 years will be able to acquire up to £25 of additional State Pension a week under plans set out today (2 April 2014) by the Pensions Minister. T...
Barnett Waddingham Survey highlights rise in FRS17 funding level of university schemes
March 2014
The average FRS17 funding level of university pension schemes has improved, according to the 5th annual survey of University Self Administered Trusts (SATs) conducted by Barnett Waddingham, the UK’s l...
How can employers get to grips with auto-enrolment?
March 2014
Damian Stancombe , head of our Employee Benefits practice, recently joined a CBI panel of experts to produce a podcast exploring the steps that employers will need to take to prepare for auto-enrolmen...
Malcolm McLean comments on pension charges cap announcement
March 2014
Reacting to today’s news that the government is to cap pension charges at 0.75% from April 2015, and that from April 2016 schemes will be prohibited from taking money from peoples’ pension schemes to ...
Budget 2014 – Surprise proposals announced for SSASs
March 2014
Unlimited access to drawdown funds planned from 6 April 2015 The Chancellor surprised us all by freeing up people’s pension pots to allow unlimited access in retirement. This unprecedented level of fl...
Barnett Waddingham welcomes joint TPR & FCA guide on regulation of DC workplace pensions
March 2014
A new guide that sets out how The Pensions Regulator (TPR) and the Financial Conduct Authority (FCA) regulate defined contribution (DC) workplace pensions has been launched today. Commenting on the gu...
Budget bombshell could fuel aspirational spending not retirement stability
March 2014
Commenting on the outcomes of the Budget yesterday, Damian Stancombe , partner at pensions consultants Barnett Waddingham, comments on the impact of the changes on employers and the DC market. “The Ch...
Barnett Waddingham welcomes PPF plans to use new PPF-specific insolvency model
March 2014
The PPF has confirmed today that it plans to use a model for measuring insolvency risk which is tailored to its universe of sponsoring employers and the specific risks they pose to the PPF. Commenting...
“Anti-annuity budget” paves way for CDC pension arrangements
March 2014
Following yesterday’s surprise Budget attack on annuities, Danny Wilding , partner, Barnett Waddingham comments: “As the dust settles on the most radical pension budget for many years, the key questio...
Malcolm McLean comments on ‘Budget of pension surprises’
March 2014
Commenting on the surprising pension outcomes of today’s Budget speech, which the Chancellor described as the most far reaching reform to the taxation of pensions since the regime was introduced in 19...
Malcolm McLean: ‘Budget savings changes will bring welcome relief to pensioners suffering from low interest rates’
March 2014
Commenting on the savings changes announced in today’s Budget, Malcolm McLean , senior consultant, Barnett Waddingham says: “The Chancellor announced at the start of his Budget presentation that this ...
Barnett Waddingham: Budget drawdown measures allow ‘unprecedented level of flexibility for pension savers’
March 2014
Commenting on pension drawdown measures outlined in today’s Budget, Andrew Roberts , partner, Barnett Waddingham says: “The Government has responded to calls for a more open drawdown regime and gone m...
Budget 2014: Fall in individual annuity sales could increase competition in the bulk annuity market says Barnett Waddingham
March 2014
Commenting on the potential impact of today’s budget on the bulk annuity market, Gavin Markham , associate, Barnett Waddingham says: “One of the surprises of today’s budget is the scrapping of the req...
Barnett Waddingham welcomes government response to consultation on proposed changes to TUPE pension rules
March 2014
The government published their response to the consultation on The Transfer of Employment (Pension Protection) (Amendment) Regulations last week. The consultation asked for respondents views on govern...
Still too early to be 100% certain of the overall success of auto-enrolment” says Malcolm McLean
March 2014
Malcolm McLean , senior consultant, Barnett Waddingham, comments on the ONS figures released today which show the biggest rise in pension saving since records began: “These ONS figures certainly confi...
Malcolm McLean comments on the government defeat in Lords on Pension Bill
February 2014
Commenting on the news today that the government has suffered a defeat in the Lords over its proposed reform of the state pension system, Malcolm McLean , senior consultant, Barnett Waddingham, says: ...
Malcolm Mclean reacts to pension charges disclosure news
February 2014
Commenting on the news that the government has tabled an amendment to the Pensions Bill to require pension providers to disclose all transaction costs in defined contribution workplace pensions, Malco...
Malcolm McLean comments on latest ONS Labour market statistics which show a record number of women are in employment
February 2014
According to the latest labour market figures published today by the ONS, in the final quarter of 2013 77.1% of men aged 16-64 were in work, up from 76.8% in the previous quarter and 76.6% a year earl...
MetLife bulk annuity business sale to Rothesay Life ‘provides reassurance to trustees' says Barnett Waddingham
February 2014
Reacting to the news today that Rothesay Life is to acquire MetLife's £3bn bulk annuity business, Mark Paxton , bulk annuity consultant, Barnett Waddingham, says: “This is not surprising as rumours ab...
Barnett Waddingham urges high-earners to act now to retain £1.5 million pensions LTA before it’s too late
February 2014
Bhargaw Buddhdev of pensions consultants Barnett Waddingham, is warning high-earners that if they do not apply for fixed protection 2014 (FP14) before the 6th April this year they could miss out on as...
Malcolm McLean comments on the FCA’s annuities thematic review
February 2014
Commenting on the outcomes of the FCA’s annuities thematic review, Malcolm McLean , consultant, Barnett Waddingham says: “The FCA report confirms what we already knew – or at least strongly suspected ...
Protected persons consultation response ‘increases pension costs and the administrative burden for employers’ says Barnett Waddingham
February 2014
The government has this afternoon published its consultation response on a possible statutory override for protected persons regulations. Commenting on the response, Nick Griggs , partner, Barnett Wad...
Labour Pension Policy statements lack clarity on detail says Malcolm McLean
February 2014
The Labour Party announced over the weekend that if it returns to office after the next election in 2015 it will “fix the broken pension market” by, amongst other things, a) imposing a cap on charges ...
Barnett Waddingham urges TPR to ease GMP reconciliation process
February 2014
Extension of flexible tolerance level would make process a ‘less daunting task’. Pension consultants Barnett Waddingham are calling on The Pensions Regulator (TPR) to help reduce the burden on trustee...