November 2005 News

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...

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...

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...