Chancellor Rishi Sunak’s rumoured plan to ditch Retail Prices Index (RPI) inflation measure in tomorrow’s spending review could wipe around 0.8 per cent a year off payment increases. The Chancellor is rumoured...
The pensions industry gave a cautious welcome to comments by the Bank of England governor indicating support for looser regulations to enable DC schemes to invest in illiquid infrastructure and property assets....
The Principles of Responsible Investment (PRI), a UN-supported international network of investors, has called a renewed focus on more sustainable investment strategies following Joe Biden’s win in the US presidential election. Congratulating...
Most pension schemes recommended by consultants and advisers are ‘4 degree warming’ schemes that do not reflect the corporate values of their sponsors or the beliefs of their members. Such is the stark message from Tony Burdon,...
XPS has called for the Department of Work and Pensions to slow down consolidation plans within the pension industry. Its comments are in response to DWP’s consultation on ‘Improving outcomes for members...
New rules designed to protect company pension schemes could cost UK employers an extra £40bn over the next decade, according to new figures from LCP. The consultancy firm has conducted an impact...
Pensioners will see their state pension rise at five times the current rate of inflation next April, as the triple lock kicks into effect. The Office of National Statistics published inflation figures...
Only a 1930s-style depression would have caused pension income to be cut under new collective defined contribution (CDC) schemes, according to new research from Aon. The pension consultancy said extensive analysis indicates...
Future pension reform could see further divergence between DC and DB pension regimes, with a reduction in higher rate tax relief on DC pensions only, but greater flexibility in regards to access. ...
The government is considering allowing trustees to ‘smooth’ performance charges over a longer time frame to help DC schemes invest in more illiquid assets, such as infrastructure. Speaking at Corporate Adviser’s virtual...
