The FCA have today published a number of pension related proposals designed to improve the quality of pension transfer advice. This includes a proposed ban on contingent charging for pension transfer advice. Simon Taylor welcomes the proposal and supports the increase in transparency of charges.
Our latest research reveals, by diverting an extra 6% of profits into companies’ pension schemes would allow 70% of FTSE 100 DB pension schemes to buyout in the next decade. On present trends, one in five companies will be in a position to buy out their DB obligations in the next five years, the ultimate objective for most companies to eliminate their pension scheme risk. 55% will be able to do so in the next decade. This is a result of strong investment returns over recent years and the deficit contributions paid by companies.
Rosie Fantom joins Barnett Waddingham to help drive our bulk annuity services forward, with significant experience in pension scheme de-risking, insurance and regulatory services.
The BHS2 pension scheme has concluded a buyout with Pensions Insurance Corporate (PIC) covering £800 million of liabilities and all of the approximately 9,000 members.
Following the latest round of exam results from the Institute and Faculty of Actuaries (IFoA), we’re delighted to announce nine newly qualified actuaries.
We were proud to take this award home for the second consecutive year, after being recognised by an esteemed panel of industry experts for our innovative solutions in technology and forward-thinking approach to complex business challenges.
We are delighted to have been awarded the Institute and Faculty of Actuaries' (IFoA’s) Quality Assurance Scheme (QAS) accreditation.
Barnett Waddingham has successfully transferred the administration for five sections of the Industry-Wide schemes to the Pension Protection Fund (PPF) - the largest transfer to the PPF since it brought its member services in-house.
We are delighted to have been named Pensions Consultancy of the Year 2016 at the Pensions Age Awards, which took place at the London Marriott Hotel on Thursday 25 February.
We are delighted to announce the launch of a new business risk practice providing risk management services to corporate clients today. The new practice is to be led by newly appointed associate, Danny Wong.