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The malicious crimes ordinance that brought hundreds of people to Gillette City Council meetings in May and June quietly went into effect last week. It did so without the mayor’s
In the Society of Pension Professionals’ (SPP’s) latest column for Professional Pensions, the organisation’s CDC group chair takes a look at the benefits of extending the legislative framework for collective DC schemes.
Employers have been urged to consider how to mitigate the impact of inflation on pensions, with some reportedly considering discretionary top-ups.
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
By IPE Staff2021-05-24T15:25:00+01:00 Edd Collins, a senior director at Willis Towers Watson (WTW), said that at the start of the pandemic last year pension funds’ deficits briefly turned into surpluses. He said: “Some companies will be emerging from the pandemic in the unusual position of not seeing their pension scheme creating a hole in their balance sheet.” According tot he consultancy, FTSE350 companies’ defined benefit (DB) pension schemes have been in surplus, on aggregate, on almost every day this year. This represents the longest sustained period of accounting surpluses for...