Most trustees are comfortable with employers taker a larger share of any DB surplus than employees, if a scheme runs on, according to new research. In a widespread survey of professional trustees...
The money raised via inheritance tax rose by 4 per cent in the 2021/ 22 tax year according to latest HMRC statistics. Figures show that while a marginally higher proportion of UK...
Pensions cost the Treasury £48.7 billion in the year ending 2023— an increase of £1.1 billion over the previous year, according to analysis of the latest HMRC data. LCP partner and former...
Pension participation remained unchanged at 88 per cent as total annual savings for eligible employees reached a record £131.8 billion in 2023, according to The Department of Work and Pension (DWP). According...
Seven out of 10 people taking flexible payments from their pensions are younger than 65, according to latest data from HMRC. The figures show that £83 billion has been taken in flexible...
The overall funding level for the 87 funds participating in the Local Government Pension Scheme (LGPS) in England and Wales increased from 110 per cent in May to 112 per cent by...
Experts say that the Consumer Duty deadline, which is today, has increased focus on consumer needs and transparent decision-making but they are urging a shift from outdated “zombie” products to better options....
Concerns have been raised that the government will scale back advertising and communications around the new pensions dashboard due to spending cuts. Yesterday the Chancellor Rachel Reeves announced a raft of measures...
Boostworks, a provider of employee reward and recognition, benefits delivery and wellbeing solutions, has appointed Joanne Werker as CEO. Werker, CSMO, will take over as CEO on August 1, 2024, replacing Andy...
First Actuarial has introduced a new layer of associate partnerships in its structure and appointed 14 new associate partners. The new associate partners are Sarah Abraham, Marcos Abreu, Andrew Allsopp, Carl Fletcher,...
