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Blog
Fall in the cost of dying
In the 2014 budget the Chancellor told us that he was reviewing the amount of tax which would be payable from residual pension funds on a member’s death.
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Blog
Taxation of pensions and Real Time Information reporting to HM Revenue & Customs
All income drawdown pensions are subject to income tax on a PAYE basis and it is crucial that systems are in place to ensure that the tax is correctly remitted on...
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Blog
Mark Carney is putting the right ideas into practice
As the keynote speaker at the IFoA’s General Insurance Conference (GIRO), Mark Carney addressed the importance of insurance to the new focus of the Bank of England.
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Blog
IP14 - Practice safe saving
Pension savings currently attract tax relief. The Lifetime Allowance (LTA) is a limit placed by the Government on the value of pension benefits an individual can ...
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Blog
Softer approach to accounting for surplus under IFRIC 14
IFRIC 14 amendment will clarify the treatment of pension schemes where there is a surplus on the IAS 19 accounting basis but no future accrual of benefits.
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Blog
Compromise on EU pensions directive grants boon for cross-border schemes
Revised Directive may permit cross-border schemes to use recovery plans – but is this too little, too late?
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Blog
What is the most important mortality assumption?
It is very important for an insurer to understand its portfolios of business and the assumptions underlying them.
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Blog
NO vote – but a call for change
Pension schemes should not rest easy as Scots vote No to independence, changes still lie ahead
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Blog
Volatility Adjustment users to require pre-approval in the UK?
The Volatility Adjustment is one of the options available under the long-term guarantees package, introduced under Omnibus II, and allows a prescribed adjustment ...
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Blog
Biases at Play
Our preceding blogs talked about BE. Our final blog talks about some less obvious ways insurers may already be taking advantage of some of these biases.