There have been numerous changes to the Lifetime and Annual Allowances over the past few years, and the multiple options to protect those allowances have equally been revised and updated too, resulting in ever-increasing complexity.
The Pensions Regulator (TPR) has today published an overhaul to its DC Code, following a period of consultation. We take a look at what's changed and highlight the areas you should look out for.
Our 6th annual report exploring the impact of defined benefit (DB) pension schemes on companies within the FTSE350 has recently been released. Our analysis puts some context around the deficit figures that are a regular feature in the pensions press.
Our latest Current Issues in Pensions Financial Reporting newsletter details the key financial assumptions required for determining pension liabilities under the FRS102 (UK non-listed), IAS19 (EU listed) and FAS158 (US listed).
In this issue of News on Pensions we review the recent public consultation issued by the DWP on the British Steel Pension Scheme, the latest news from TPR as well as a round-up of the latest news from across the industry.
Our Pension Administration Technical Help highlights pensions news and legislation that pays particular interest to what we do in Pension Administration.
We were proud to take this award home for the second consecutive year, after being recognised by an esteemed panel of industry experts for our innovative solutions in technology and forward-thinking approach to complex business challenges.
Barnett Waddingham were thrilled to be named Best Wellbeing Provider and Reward Provider of the Year at the VIB Awards 2016 in a splendid ceremony at the Hilton Bankside last night.
We are proud to announce that Barnett Waddingham’s Head of DC, Mark Futcher has been named Best Individual Pensions Consultant at this year’s prestigious Engaged Investor Trustee Awards.
As the UK experiences extreme uncertainty after the EU referendum, we question how long until contributions are forced to increase in order to plug the ballooning deficit.
Our Risk Maturity Benchmarking report is based on market research involving over 100 respondents, and face-to-face meetings with more than 35 business and risk leaders.
Our fifteenth annual survey of pension disclosures made by FTSE100 companies determining the value of their pension liabilities for accounting purposes has been released.
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.
This case study examines the effect on existing regular contributions where the Pension Input Period (PIP) is already aligned with the tax year, using ‘Fred’ and his Self-Invested Personal Pension Plan (SIPP) as an example.
Implementing a stress testing and scenario analysis framework in order to identify and analyse current and potential issues that were of market-wide concern.
The Pension Protection Fund (PPF) has published a paper setting out the areas of their insolvency risk model that will be reviewed for the 2018/19 PPF levy onwards. It plans to formally consult on these proposed changes in late 2016 or early 2017.
Malcolm McLean comments on changes due to come into effect from April 2017 which will allow people to sell existing annuity contracts on a secondary market, and the impact this will have on 37,500 people receiving means-tested benefits who opt to sell.
Malcolm McLean comments on the proposal made by the labour party leader candidate Owen Smith, that he would like to scrap the DWP and replace it with a Ministry for Labour and a Department for Social Security.