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 Chancellor had delivered his Budget speech, the government states that it "believes that an MPAA of £4,000 would be fair and reasonable and 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.
The closing date to apply for IP14 of 5 April 2017 is fast approaching! We look at who can apply for IP14, what it protects, how to apply for it, how to calculate if you have sufficient benefits in order to apply for it, and if IP14 can ever be lost.
SSASs have been used as a pension vehicle for scammers in the past, but the issue is largely dealt with and certainly there are not 750,000 problem schemes out there, as implied by The Pensions Regulator.
James Jones-Tinsley looks at the consultation on MPAA reduction and asks if the Chancellor is solving a problem that doesn’t exist – and creating real ones in the process.
The defined benefit pensions Green Paper contains some interesting suggestions, particularly on funding for distressed schemes – however, it concludes that there are no systemic failings with the current model.
We were delighted to become one of only two third-party administrators to achieve PASA Accreditation in January, but the process was far from easy. David Connell offers his inside view on the process and explains why this is such a prestigious accolade.
Our annual investment conference took place in January, with our much anticipated keynote speaker, Alastair Campbell, sharing his views on current political themes, all of which will be the major force on investment markets during 2017.
Does regular and reliable income as well as the scope for capital appreciation provided by illiquid assests really offer defined benefit (DB) funds the best of both worlds? We examine several considerations for trustees of DB plans in owning them.