The Pension Protection Fund (PPF) has released a consultation setting out its proposals for the 2018/19-2020/21 levy triennium. Overall the PPF’s proposals are intended to result in a fairer distribution of the PPF levy between pension schemes.
In a Policy Paper released after the Budget speech, the government states that it "believes that an MPAA of £4,000 should allow individuals who need to access their pension savings to rebuild them if they subsequently have opportunity to do so”.
The decision to relax rules on the purchase of an annuity at retirement has revolutionised the DC landscape. Now, many non-pensioner members are exploring opportunities to transfer their final-salary benefits and avail of the flexibilities in a DC scheme.
In case you missed anything amid the rush to prepare for and get stuck into year-end reporting, this newsletter highlights the main points from some of the key regulatory publications between the period 1 October 2016 to 28 February 2016.
Our Pension Administration Technical Help highlights pensions news and legislation that pays particular interest to what we do in Pension Administration.
In our latest edition of News on Pensions we bring you most recent news from The Pension Protection Fund, The Pensions Regulator and The Department for Work and Pensions.
Barnett Waddingham are now working with Hettle Andrews, an independent firm of insurance brokers with Chartered Status, to put together an option for commercial property insurance - vital for any SIPP or SSAS invested directly in commercial property.
We are thrilled to have been named the Pensions Age Administration Provider of the Year at a splendid ceremony at the London Marriott in Grosvenor Square last night, among the great and the good of the pensions industry.
We are proud and delighted that our Small Self-Administered Scheme (SSAS) and Flexible Self-Invested Personal Pension (SIPP) have been recognised by Moneyfacts in their Star Ratings for 2017.
This survey looks at French companies, almost all of which are constituents of the CAC40 index, which have UK subsidiary companies with DB pension schemes. The survey covers 14 French companies with around £22.2bn of UK pension liabilities between them.
This survey relates to constituent companies of the Dutch AEX share index that have UK subsidiary companies with defined benefit (DB) pension schemes. The survey covers seven Dutch companies with around £9.3 billion of UK pension liabilities between them.
This survey examines German companies, the majority of which are constituents of the DAX index, which have UK subsidiary companies with DB pension schemes. The survey covers 21 German companies with around £26.4bn of UK pension liabilities between them.
Without warning, new Government Actuary’s Department tables for capped drawdown suddenly appeared from HM Revenue & Customs (HMRC) on 18 January 2017. This case study reviews what impact changes to the GAD tables might have on 65 year old Donald.
Employer loan-backs are the unique feature of a SSAS. As the following case study serves to illustrate, SSAS loan-backs continue to offer an alternative source of finance for businesses, and an attractive investment for the SSAS member trustees.
ECITB appointed Barnett Waddingham in 2015 to provide member communication consultancy to their scheme members, relating to the proposed switch of future benefit accrual from the DB to DC section of their scheme.
Commenting on the report published today, Malcolm McLean, senior consultant at Barnett Waddingham, said:
Barnett Waddingham have launched a social study with a difference. The Picture Happiness photographic competition aims to find out what represents Eudaimonia, overall happiness, in the UK.
On Wednesday, 8 March 2017 Chancellor Phillip Hammond delivered his first and final Spring Budget. The announcements missed a number of opportunities for the pensions industry.