Lifesight, Willis Towers Watson’s DC master trust will allocate around half of its equities into environmental, social and governance investment strategies. It is understood that this is the first master trust to...
An estimated £6m of pension savers’ money was invested in exotic, high-risk investments which included eucalyptus farms, hotel rooms on an African island and car park bays. The TPR says such investments...
The court overturned an earlier judgement, and ruled that HMRC could impose 40 per cent IHT on pension transfers made by those who know their life expectancy is impaired. Effectively this means...
The Prudential Regulatory Authority will no longer require small UK insurers to have their annual Solvency and Financial Condition Report (SFCR) externally audited. This exemption will benefit all members of the Association...
The Financial Conduct Authority and the Pensions Regulator have announced a joint regulatory strategy aimed at improving retirement outcomes for consumers. This will include a wide-ranging strategy review next year, which will...
Suggest a potentially disastrous outcome and follow it up with an alternative that would previously have been highly unpopular, but is then greeted with massive relief. It’s a strategy that has become a standard part of...
Global mobility and emigration are on the rise as an increasing number of individuals choose to retire or spend part, or most, of their working life overseas. These individuals may already be living outside the UK...
Nearly two out of five (37 per cent) pension schemes are now in surplus against their funding target, according to Mercer’s 2018 valuation survey. This is an increase on the 2015 survey,...
The Pensions Regulator has fined four trustees of the Salvus Master Trust for failing to invest £1.4m of member funds. The trustees each received the maximum fine of £5,000. The regulator says...
New rules from the Financial Conduct Authority on pension transfer values are set to shake up this market, according to industry experts. A joint policy paper from Lane Clark & Peacock and...
