We provide a full range of services in relation to defined benefit (DB) and defined contribution (DC) pension arrangements sponsored by employers in the sector. This includes actuarial, investment and administration services to pension fund trustees, as well as advice to employers sponsoring these arrangements.
We have also provided advice to a number of organisations participating in multi-employer arrangements such as those operated by TPT Retirement Solutions (formerly the Pensions Trust).
In addition to our pension related services, we have advised a number of charities on the investment of trust assets.
Changes to the PPF levy model should mean lower levies for the vast majority of schemes sponsored by not-for-profit employers, but a minority of around 10-15% are expected to see an increase in their levy.
For the third consecutive budget and autumn statement the chancellor has announced an increase to insurance premium tax - this time raising the level from 10% to 12% - meaning that the rate of insurance premium tax has doubled in the past 18 months.
When it came to the detail on pensions, the autumn statement was a quiet one for a change, although we would caution that one measure in particular could prove significant when it comes to taking benefits.
Our latest news on pensions and other business risks in the Charities and Not-for-Profit sector.
In this issue of Benefact, we discuss our latest 'Generation Why?' survey, PPF levy consultations and Non-Associated Multi-Employer Schemes for DB pensions, TPT Retirement Solutions Growth Plan Series 3 and GDPR.
In our latest edition of News on Pensions we bring you most recent news from The Pension Protection Fund, The Pensions Regulator and The Department for Work and Pensions.
50% of employers are concerned that DC is not being used for its primary purpose
Why BWell 2017 questioned full and part time UK workers to determine the overall level of wellbeing and happiness in the workplace.
Highly competitive insurer pricing compared to gilts is providing extremely attractive opportunities for schemes to remove both financial and longevity risks.