There are now only just over six months to go before the new regulations on environmental, social and governance (ESG) disclosure come into effect for pension schemes.
Pensions are supposed to be boring – public sector pensions even more so. Actuaries are only supposed to get excited very occasionally and when they do, it’s often hard to tell that they are excited.
An employer will make a very generous contribution of 10% to a pension, but only if the employee makes a contribution of 6%. However, some employees are unable to make the 6%.
The DC pension formula (growth stage) is pivoted on the trinity of how long you put money in to it, how much you put in to it and net investment return.
When asked what were the top triggers leading to a retendering process, 59% of respondents cited ad hoc review, 58% stated a board directive, while 54% stated an inability to overcome a crisis point on a specific initiative.
From Brexit to Safeway via the Lifetime Allowance – Head of Pensions Research, Tyron Potts, maps out an ‘A - Z’ of everything you may have missed in the world of pensions this spring.
A new era for the pensions industry, as defined benefit (DB) schemes reach maturity, is shifting the strategic focus of many schemes to the potential end-game of risk reduction, often leading towards buyout.
The FCA’s Consultation Paper of January 2019 sets out their second proposed package of ‘remedies’ arising from their Retirement Outcomes Review. To what extent have they made up their mind and why is the Paper virtually silent on seeking advice?
The FCA outlines the changes pension providers need to apply to literature and processes, aiming to improve consumer engagement with their pension income decisions, as well as making the cost of drawdown products clearer and product comparisons easier.
In the case of acronyms, logic suggests that as they're supposed to be derived from the title of the firm, product or what they represent they would be a secondary consideration not a starting point in the process. Malcolm isn't sure that always applies.