Pension scams are on the increase, despite HMRC making it harder for bogus pension schemes to operate and TPR re-launching its public awareness campaign.
Exposure draft confirms schedule of contributions will not need to be recognised as additional liability under accounting standard FRS102
GMPs apply to members of contracted out salary related pension schemes who were contracted out of the State Earnings Related Pension Scheme prior to 6 April 1997.
CPIH’s loss of national statistic status means some schemes may need to look once again at their pension increase rules
The full name of this paper is “Procyclicality and structural trends in investment allocation by insurance companies and pension funds: A Discussion Paper by the Bank of England and the Procyclicality Working Group”.
Figures released by the Office for National Statistics (ONS) this morning provide the good news that employment is continuing to rise and unemployment continuing to fall.
To run a scheme efficiently we need to hold a lot of personal and financial information, and the security of that data is paramount. Our blog looks at three ways to help keep that data secure.
According to research by Barnett Waddingham, UK insurers completed bulk annuity transactions totalling around £2.5bn in Quarter 2 of 2014.
Our annual FTSE350 research has shown that firms pay 37p out of every £1 they spend on pension provision on reducing existing DB pension deficits.
The ability to take a tax free lump sum on retirement has long been a popular feature of pension arrangements. Commutation is defined as giving up part or all of the pension payable from retirement in exchange for an immediate lump sum.