Blog: March 2017 Archive
Struggling with the Solvency II quantitative reporting templates (QRTs) and UK National Specific Templates (NSTs)? John Hoskin sets out the information that firms need to consider when completing their submissions.
The majority of insurers will soon be publishing their first Solvency and Financial Condition Report (SFCR). We take a look at the SFCR’s published by firms with non-December year-ends and highlight lessons to be learnt.
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.
