2008 News

Pensions write-off means I’m now hit three times over
December 2008
Published in the Financial Times: December 22 2008 From Mr Clive Grimley. Sir, I am struggling with the concept that the chancellor has “written off” £100m of taxpayers’ money ( “Darling to write off ...

Time for more realism for pension fund trustees - Financial Times Letter
December 2008
Please click on the link below to view a letter written by partner Paul Jayson to the Financial Times.

DWP to re-evaluate PPF efficiency
December 2008
Further work on how collective defined contribution schemes might operate is to take place, the department for work and pensions announced in its response to its risk-sharing consultation. Lord McKenz...

Pensions Week Investment Roundtable Dec 2008
December 2008
Since the start of the credit crunch, how have pension funds changed in their views on fixed income? Marcus Whitehead joined Pensions Week's roundtable to discuss and the article can be found below.

2008: More misery for pension schemes
December 2008
Richard Eagling, Investment Life & Pensions, talks to Mark Frost about what 2008 has meant for pension schemes.

QPA work based units – making the case
December 2008
Executive summary A wide-ranging problem is that many Qualification in Pension Administration (QPA) candidates seem to race through the exam-based units and then either fail to complete the work-based...

Pensions accounting should not aim to keep schemes open
December 2008
UK – The Chartered Institute of Management Accountants (CIMA) has warned pension accounting standards should not be "artificially engineered" to help keep defined benefit schemes open. CIMA revealed i...

Current bond yields throw doubt on validity of FRS17
December 2008
CURRENT double-A corporate bond yields throw doubt on the validity of current accounting standards, Barnett Waddingham says. T he consultant said scheme funding levels on an FRS 17 basis were improvin...

Adrian Waddingham on "triple whammy" for pensions in The Sunday Times
December 2008
On 7 December 2008 Adrian Waddingham commented on how the unprecedented fall in (interest) rates is part of a triple whammy for pension savings - the 'perfect storm' of falling stock-market values, in...

Letter to the Global Pensions Editor
December 2008
Paul Hamilton, partner in our Glasgow office, comments that raising the levy is not the answer for the PPF

Local Government Transfer Value Statistics 2003 - 2008
December 2008
The calculation of the terms of transfer for individual members should be in accordance with the tables and instructions supplied by the Department of Communities and Local Government . The Adjustment...

Reducing your PPF Levy - Understanding and Influencing your Failure Score
November 2008
The Pension Protection Fund (PPF) levy has further increased the costs of running defined benefit pension schemes. However, a well informed company may be able to take steps to reduce their levy by im...

Current Investment Crisis Update - October 2008
October 2008
Financial markets continue to be rocked. What are the possible implications for pension schemes and trustees? This note sets out some of the items that trustees may wish to explore further with their ...

PPF Levy - Have your say
September 2008
The PPF has published its consultation on the 2009/10 risk-based levy. A summary of the proposals, together with a summary of the responses received so far to our Levy Forum survey can be found via th...

Current Investment Crisis - September 2008
September 2008
Financial markets have been rocked in the last few days. What are the possible implications for pension schemes and trustees? This note sets out some of the items that trustees may wish to explore fur...

Nilesh Dodhia
September 2008
It is with great sadness that we are letting our friends and clients know that Nilesh Dodhia passed away this morning, the 4th September. Nilesh worked for Barnett Waddingham from our very beginning i...

New Transfer Value Regulations
August 2008
From 1 October 2008, trustees are responsible for setting the basis on which individual transfer values are calculated. The Regulator has issued draft guidance for trustees on the issues to be conside...

Self Administered Pension Schemes Seminars
August 2008
Barnett Waddingham will once again be running their annual seminars across the country in February and March, aimed at Small Self Administered Schemes (SSAS) and Self-Invested Personal Pensions (SIPP)...

Graeme Muir appointed to ACA Committee
June 2008
After many years on the ACA Local Government Pensions Sub-committee, including a spell as chairman, Graeme Muir has recently been elevated onto the Main Committee. Graeme has been a member of the ACA ...

Barnett Waddingham announces three new Partners and seven Associates
June 2008
Barnett Waddingham, the UK’s largest independent firm of actuaries and consultants is delighted to announce that it has promoted Andrew Roberts , Ed Spencer and Nick Griggs to partners on 1 st June 20...

Lifeboats are of limited use if no one sets sail
June 2008
Financial Times 25 April 2008 From Mr Adrian Waddingham Sir, Mike O'Brien, minister for pensions reform, emphasises the government's intention to ensure pension promises are kept (Letters, April 23). ...

Pensions After 75
May 2008
Many people enjoy "do it yourself" pensions, more commonly known as Small Self Administered Schemes (SSAS) and Self Invested Personal Pensions (SIPP). The most popular feature of the pensions tax refo...

Chancellor confirms Inheritance Tax position for SSASs and SIPPs
May 2008
Following the budget if you are a member of a SSAS or SIPP the Chancellor has confirmed the tax position on your remaining scheme benefits if you die after reaching age 75. The new legislation comes i...

Historic Self Administered Pension Schemes
May 2008
Barnett Waddingham LLP once again ran their annual seminars across the country in February and March 2006 concerning Small Self-Administered Schemes (SSAS) and Self Invested Personal Pensions (SIPP). ...

Historic Small Scheme Seminars
May 2008
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...

Stakeholder pensions and the new defined contribution tax regime
May 2008
Summary Stakeholder pension schemes are a type of defined contribution pension arrangement to be made available from 6 April 2001. Stakeholder schemes are particularly aimed at employees who have no e...

Inland Revenue Updates
May 2008
Summary of Inland Revenue Updates issues between 20 December 2002 and 11 March 2003 The Audit and Pension Schemes Services Technical department of Inland Revenue Savings, Pensions and Share Schemes is...

Barnett Waddingham LLP Annual Review 2007
May 2008
Every year since 1994 we have reported on Barnett Waddingham's activities in our "Annual Review". The Review is our annual attempt to convince people that actuaries lead interesting lives! We hope tha...

Barnett Waddingham LLP Annual Review 2005/06
May 2008
Every year since 1994 we have reported on Barnett Waddingham's activities in our "Annual Review". The Review is our annual attempt to convince people that actuaries lead interesting lives! We hope tha...

Barnett Waddingham LLP Annual Review 2004/05
May 2008
Every year since 1994 we have reported on Barnett Waddingham's activities in our "Annual Review". The Review is our annual attempt to convince people that actuaries lead interesting lives! We hope tha...

Barnett Waddingham LLP Annual Review 2003/04
May 2008
Every year since 1994 we have reported on Barnett Waddingham's activities in our "Annual Review". The Review is our annual attempt to convince people that actuaries lead interesting lives! We hope tha...

Barnett Waddingham Annuarl Review 2002/03
May 2008
Every year since 1994 we have reported on the firm's activities in our "Annual Review". The Review is our annual attempt to convince people that actuaries lead interesting lives! We hope that our read...

Investment Note July 2007
May 2008
Developments in Fixed Interest Markets The move to bonds Recent years have seen a substantial increase in the proportion of pension scheme assets invested in fixed interest markets. This has been driv...

New Glasgow office
April 2008
Barnett Waddingham continues its expansion with the opening of a new office in Glasgow. We are delighted to open our first office north of the border. And we have been particularly lucky in being able...

Are pension sell-offs a good thing? March 2008
April 2008
In this article Nick Salter discusses the impact of pension scheme buy-outs on scheme members in light of the recent deal involving the Rank pension fund. This article first appeared on BBC News Onlin...

Self Administered Current Pension Issues - December 2006
April 2008
Pension Schemes Tax Simplification - Latest Developments The long-anticipated changes to the pensions tax regime came into force on 6 April 2006. These reforms had been in development since early 2002...

Our Public Sector Services
April 2008
Please click on the link below:

And They're Off - Pensions World January 2008
March 2008
The race is on to avert a pensions crisis. Claire Lancaster and Glenda Ashison of Barnett Waddingham look at the distance covered in their article which first appeared in the January edition of Pensio...

Events Calendar
March 2008
Calendar of pensions events in and around the London area, all Actuarial Profession (Institute and Faculty of Actuaries) events and all NAPF and PMI Conferences over the next year. To see details of t...

Are pension sell-offs a good thing?
March 2008
In this article Nick Salter discusses the impact of pension scheme buy-outs on scheme members in light of the recent deal involving the Rank pension fund. This article first appeared on BBC News Onlin...

Garvins to join Barnett Waddingham
March 2008
Barnett Waddingham, is delighted to announce the acquisition of Garvins, a specialist firm of consulting actuaries with 50 employees. The combined group will be the largest independent firm of actuari...

Adrian Waddingham nominated for Pensions Personality of the Year
February 2008
Adrian Waddingham, senior partner, has been nominated for the 2nd year running for the Professional Pensions Personality of the Year Award. The winner of the award will be decided by guests at the pri...

Executive Benefits
January 2008
For more information on our Exectuive Pensions Advice offering please see the document below.