2005 News

So, how long have we got?
December 2005
Dave Grimshaw, a partner in our London office, featured heavily in this article first appearing in The Guardian on 1 December 2005 concerning the future of mortality. Barnett Waddingham LLP, December ...

Revaluation for Early Leavers
December 2005
Pensions Beginners Page Welcome to the fifth in a series of articles designed to introduce readers to some pensions' related topics. Revaluation for Early Leavers Introduction When a member of a final...

The Shakespeare Drama Festival
December 2005
Overheard conversation at a noisy party: "So what do you do then?"; "I'm an actuary". "Really, what plays have you been in recently?" The Shakespeare Schools Drama Festival began in July and involved ...

A New Pension Settlement for the Twenty-First Century
November 2005
On 30 November the Pensions Commission, chaired by Lord Turner, published its second report on the UK pensions and retirement savings system. The report sets out the Commission's policy recommendation...

A New Lifetime Allowance Test
November 2005
Andrew Roberts, an actuary in our Amersham office, explains the concept of "double jeopardy" as it applies to pension schemes in the post 5 April 2006 world, with the Revenue seeking to impost a furth...

Buying an Annuity
November 2005
Pensions Beginners Page Welcome to the fourth in a series of articles designed to introduce readers to some pensions' related topics. Buying an Annuity There are many types of annuity and reasons why ...

What is Commutation?
November 2005
Pensions Beginners Page Welcome to the third in a series of articles designed to introduce readers to some pensions' related topics. Commutation The ability to take a tax free lump sum on retirement h...

Investment Issues for Closed Final Salary Schemes
November 2005
This document summarises the investment strategy issues facing the trustees of a pension scheme which is about to discontinue or wind-up in relation to the investment strategy of the scheme. Trustee R...

Looking After Employers
August 2005
Pensions are a valuable benefit for employees, and an important part of an attractive remuneration package. However, it has been hard going for some employers over the last few years and sometimes the...

BWebstream
August 2005
The BWebstream range of integrated IT solutions developed by Barnett Waddingham covers all aspects of pension scheme administration. This includes day-to-day administration, pensioner payroll, pension...

What is a GMP?
August 2005
Pensions Beginners Page Welcome to the second in a series of articles designed to introduce readers to some pensions' related topics. What is a GMP? Guaranteed Minimum Pensions (GMPs) apply to members...

Historic Trustee Training and Investment Seminars Autumn 2005
August 2005
For historical purposes we have left details of past Barnett Waddingham LLP seminars on the website. Trustee Knowledge and Understanding The need for proper trustee training is more important today th...

Historic Current Pensions Issues Seminars
August 2005
For the last five years, Barnett Waddingham has been running a series of free seminars on current pension topics for its clients and friends. Find below the list of topics which were covered in our 20...

Historic Pension Issues for Employers - Pensions Act 2004
August 2005
The Pensions Act 2004 made a number of changes to the framework within which pension schemes must operate. Many of the new requirements are having implications for sponsoring employers particularly in...

Accounting for Pension Costs Under FRS17 - 2004 Survey
July 2005
Introduction This is our 4th annual survey of the assumptions adopted by FTSE100 companies for determining the value of their pension liabilities under the Financial Reporting Standard, FRS17. This su...

Exam Successes - Summer 2005
July 2005
A report on recent achievements by Barnett Waddingham LLP staff in the actuarial profession and pension administration examinations. This winter's actuarial profession examination results provided sev...

Styles of Investment Management for Pension Schemes
July 2005
Background A review of investment strategy for a pension scheme (or indeed a charitable fund or other institutional investor) can be broken down into various stages. The first and most important stage...

Career Average Revalued Earnings Scheme
June 2005
Pensions Beginners Page Welcome to the first in a series of articles designed to introduce readers to some pensions' related topics. Career Average Revalued Earnings Scheme This article looks at Caree...

Keep it clean!
June 2005
Amersham's Chris Potts examines how pension schemes can improve administration using some basic spring cleaning. Good record-keeping is at the heart of efficient pension scheme administration. Without...

Cheltenhams Champagne Reception
June 2005
To mark their move, the Cheltenham office held a cocktail party for their staff and clients. A little over four months ago we said goodbye to the old office in Cheltenham and took up residence at St J...

New Partners and Associates 2005
June 2005
Barnett Waddingham LLP is pleased to announce the appointment of new partners and associates from 1 June 2005: New Partners Andrew Twells MA FIA is a Scheme Actuary based in Barnett Waddingham LLP's A...

Historic Small Schemes Seminars
May 2005
Barnett Waddingham LLP once again ran their annual seminars across the country in June 2005, which were aimed at Small Self Administered Schemes (SSAS) and Self-Invested Personal Pensions (SIPPs). The...

BWiser - Pension Tax Simplification Modeller and Report
May 2005
Are you prepared for A-Day? Do your executives or clients know if they should opt our of pension provision on A-Day? With under a year to go until the new pensions regime comes into force, Barnett Wad...

Historic Current Pensions Issues Seminars
April 2005
Barnett Waddingham LLP was pleased to extend its 2004/5 current pensions issues seminar programme. Since 2000, Barnett Waddingham has been running a series of free seminars on current pension topics f...

Local Government Transfer Value Statistics 1998 - 2002
April 2005
The calculation of the terms of transfer for individual members should be in accordance with the tables and instructions supplied by the Office of the Deputy Prime Minister . The Adjustment for Market...

Local Government Transfer Value Statistics 1993 - 1997
March 2005
The calculation of the terms of transfer for individual members should be in accordance with the tables and instructions supplied by the Office of the Deputy Prime Minister . The Adjustment for Market...

Local Government Transfer Value Statistics 1988 - 1992
February 2005
The calculation of the terms of transfer for individual members should be in accordance with the tables and instructions supplied by the Office of the Deputy Prime Minister . The Adjustment for Market...

Absolute Return Strategies
February 2005
Barnett Waddingham LLP consider the Absolute Return Strategy approach to pension scheme investment. Background Normally, in setting investment strategy, a pension scheme will first consider an appropr...

Longevity Bond to be issued by the EIB
February 2005
In November 2004, the European Investment Bank (EIB) unveiled plans to issue the first longevity bond that offers a partial longevity risk hedge to UK pension schemes and life insurers. Though the fin...

Residential Properties and SIPPs
February 2005
Richard Millson, a partner in our Leeds office, answers questions on residential properties and SIPPs. [STOP PRESS: IMPORTANT CHANGES - please follow this link for details] This article is reproduced ...

Secured Unfunded Unapproved Benefit Schemes SUURBS
January 2005
Many employers with high-earning executives who are subject to the Earnings Cap currently use a Funded Unapproved Retirement Benefit Scheme (FURBS) to provide retirement benefits on salary in excess o...

Amendment to IAS19, the International Accounting Standard for Employee Benefits
January 2005
Nigel Hacking discusses the amendment to the international accounting standard IAS19 recently published by the International Accounting Standards Board (IASB). On 16 December 2004, the International A...

Barnett Waddingham Christmas Party 2001
January 2005
After several years at Chelsea FC, Barnett Waddingham's Christmas Party this year made a big-money transfer across the West End to... no, not cash-flush Fulham FC, but rather the Thistle Hotel at Marb...

Exam Success Winter 2004/05
January 2005
A report on recent achievements by Barnett Waddingham LLP staff in the actuarial profession and pension administration examinations. This winter's professional examination results provided numerous re...

Disclosure of Tax Avoidance Schemes - Are Pension Schemes affected
January 2005
Ian Ward from our Amersham office discusses the implications for pension schemes of the new Tax Avoidance Schemes Regulations 2004. In the March 2004 Budget the Chancellor of the Exchequer announced m...