So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap, ‘pension freedoms or consultations around ‘value for money , says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).Download
In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.Download
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Heathrow: Restarting aviation critical to UK economy
April 29, 2021
Restarting travel to markets like the US will be critical to the UK’s economic recovery
Heathrow reduced its passenger forecast for the year to a range between 13 and 36 million
Heathrow released results for the three months ended 31st March 2021 today.
Closure of national borders increases COVID losses to nearly £2.4 billion – Heathrow recorded a further £329 million loss in Q1 as only 1.7 million passengers travelled through the airport, down 91% compared to Q1 2019. This brings total losses since the start of the pandemic to nearly £2.4 billion. Cargo volumes are also down 23% on 2019, underlining how a lack of flights impacts UK trade with the rest of the world.
So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap, ‘pension freedoms or consultations around ‘value for money , says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).Download
In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.Download
Find whitepapers
ABI Pension & Assurance Scheme completes $36 million buy-in with Aviva
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Association of British Insurers Pension & Assurance Scheme, London, insured £26 million ($36 million) in liabilities through a buy-in with Aviva, confirmed a spokesman at Mercer, adviser on the deal.
Aviva will insure the liabilities linked to 191 retired plan participants. The size of the plan and the value of liabilities covered by the deal were not available. We worked closely with the ABI and Mercer over the last 12 months to plan, and then take, this important step on our journey to further reduce the Scheme s risks, Philip Exact, chairman of the Association of British Insurers Pension & Assurance Scheme s trustees, said in a news release. Aviva was selected after a competitive tender process, he said.
(Zemo Partnership) A new study by Zemo Partnership (formerly LowCVP) shows how the widespread adoption of high blend renewable fuels (HBRF) can speed up decarbonisation in road transport and support the UK’s transition to net zero emissions by 2050.
Coming hot on the heels of the announcement to introduce E10 into the UK (potentially doubling the renewable content of petrol) the report shows that even greater greenhouse gas (GHG) savings can be realised with an aggressive policy framework for HBRF in heavy duty vehicles currently running on diesel and natural gas.
The use of HBRF is particularly effective and has the greatest potential in heavier and longhaul applications which will also be the most difficult to electrify in the short-term. The study highlights how a near-term policy to encourage HBRF can complement and enhance the long-term electrification strategy for transport.