July 2012 News

Revaluation for Early Leavers
July 2012
Introduction When a member of a final salary pension scheme leaves having completed at least 2 years’ service, they become entitled to a preserved pension in respect of the benefits that have accrued ...

What is a GMP?
July 2012
What is a GMP? Guaranteed Minimum Pensions (GMPs) apply to members of contracted out salary related pension schemes (COSRs) who were contracted out of the State Earnings Related Pension Scheme (SERPS)...

Malcolm McLean comments on ONS study which reveals that pensioners and teenagers are the age groups most satisfied with their lives
July 2012
The results of an ONS Study published today reveal that pensioners and teenagers are the age groups most satisfied with their lives. The lowest rating for life satisfaction and well-being was found in...

Labour’s new pensions policy fails to convince
July 2012
Published in Financial News on 23 July 2012. Labour’s new pensions policy fails to convince Malcolm McLean Last week, the Labour Party was once again ruffling the feathers of the pensions industry wit...

What is Commutation?
July 2012
Commutation The ability to take a tax free lump sum on retirement has long been a popular feature of pension arrangements. How the lump sum is generated depends on the type of pension arrangement. For...

Nick Griggs Comment's on The Pension Regulator’s statement released today on incentive exercises
July 2012
Commenting on The Pension Regulator’s (TPR) statement released today on incentive exercises, Nick Griggs , partner at Barnett Waddingham, said: “This statement replaces TPR’s December 2010 statement o...

David Clare Appointed Partner at Barnett Waddingham
July 2012
Barnett Waddingham, the UK’s leading independent firm of actuaries, pension administrators and consultants, has appointed David Clare as a partner in its Investment Practice. David, founder of the awa...

Malcolm McLean comments on Labour Party’s statements about impact of pension fees and charges
July 2012
Commenting on today’s statements from the Labour Party about the impact of pension fees and charges Barnett Waddingham consultant Malcolm McLean said: “The question of large fees and charges on pensio...

Malcolm McLean comments on the just-published results from the 2011 Census
July 2012
Malcolm McLean , consultant, Barnett Waddingham comments on the just-published results from the 2011 Census – Population and Household Estimates for England and Wales which show that the percentage of...

Barnett Waddingham Comments On Takeover Panel Pension Consultation
July 2012
Andrew Vaughan , partner at Barnett Waddingham, the UK’s largest independent firm of actuaries, pension administrators and consultants, commenting on the launch of the Takeover Panel’s consultation on...

Malcolm McLean comments on reports that the Pensions Minister would like to see an insurance scheme provided for DC Schemes
July 2012
Commenting on reports over the weekend that the Pensions Minister has said that he would like to see an insurance scheme provided with a view to giving members of defined contribution (DC) pension sch...

Malcolm McLean calls again for the Bank of England to urgently rethink its policy of Quantitative Easing
July 2012
Barnett Waddingham consultant Malcolm McLean calls again for the Bank of England to urgently rethink its policy of Quantitative Easing (QE) following today’s announcement to inject another £50bn into ...