In this issue of News on Pensions we discuss updates from The Pensions Regulator, we review the results from the European Insurance and Occupational Pensions Authority's quantitative assessment and bring you a round-up of the latest news from across the industry.
In this issue of News on Pensions we review the latest updates following Budget 2016, along with a round-up of the latest news from The Pensions Regulator and The Pension Protection Fund
This edition of Current Pensions Issues includes several actions for trustees surrounding the end of contracting-out, Integrated Risk Management, Persons of significant control and PPF Levies.
The key financial assumptions required for determining pension liabilities under the Accounting Standards FRS102 (UK non-listed), IAS19 (EU listed) and FAS158 (US listed) are the discount rate and the rate of future inflation. This note sets out some of the technical issues relevant to those involved in the preparation and the audit of pension disclosures.
Quarter 4 of 2015 saw a very strong finish to the year for the UK bulk annuity market. Overall, the value of business in 2015 fell just short of the record set in 2014, but was considerably above previous years.
Following the Chancellor's Budget speech we review any pensions-related issues including details of the Lifetime Individual Savings Account (LISA). We also take a look at Pension transfers, early exit charges and the abolition of contracting-out.
The Budget 2016 did not see the sweeping changes to pension tax allowances and reliefs that many had predicted, but the introduction of a new Lifetime ISA as well as the consolidation of the financial advisory services prompted a flurry of debate.
In this note we address some of the main issues that employers should be considering as part of their formal valuation process in 2016.
High earners could find themselves footing large tax bills when a series of changes to pensions tax relief are implemented in April 2016. Our survey looks at how companies are gearing up to assist their high earners mitigate the impact of these changes.
In this months News on Pensions we look forward to the Budget and consider some of the possible impact on pensions, state pension age inequality and intergenerational fairness and an auto-enrolment update.