Managers of Wealth Pensions

Britain badly prepared for market crash, says Andrew Bailey

New Bank governor warns of fall in asset values

Age UK warns scrapping free TV licence for over 75s will leave people struggling with bills

From June millions of pensioners will need to start paying their TV licence fee

Big Dutch pension funds meet revised rules on assets ahead of reforms

The plan for the transition to a new pensions system should be completed by the end of 2020 and that the cabinet aims to complete the legal framework for system reform by the start of 2022.

Isamaa chairman: Justice chancellor's pension reform remarks overstep role

It seems very clear the Chancellor of Justice has taken a stance against the so-called Pension Reform Act.

Company fined for offences under TAP law

The company as represented by its director pleaded guilty to 10 charges for failing to register four of its employees and to pay its employees’ TAP and SCP contributions.

Guest comment: IR35 - How companies can assess and address pensions risk

A complicating factor is that an individual's status is not automatically the same for IR35 purposes as it is for employment and pension purposes.

'Exit option' complicates picture for Illinois pension reform

Union leaders believe lower benefits will be the result, and transportation, health and education workers have since responded, sometimes violently.

MPs concerned about draft law amending pension regulations

The draft law aims to increase the retirement age to 65 years and to change the unconditional indexation obligation into a conditional indexation obligation

FSCS looking into validity of 1,500 Berkeley Burke claims

Once it finds this out it will be able to announce whether there are valid claims against Berkeley Burke.

Court dismisses part of action over claim of ‘catastrophic losses’ on pension schemes

Case concerns funds from closed schemes being invested in property fund

State pension age: Fresh hope for WASPI & Backto60 women as court appeal is granted

An announcement on the BackTo60 website reads: “We are delighted to confirm that www.backto60.com have been granted permission to Appeal ON ALL GROUNDS at The Court of Appeal.”

LV reduces charges on smoothed pension funds

The smoothing they offer can help to take away the day-to-day worry of investing by reducing the impact of short term market volatility.

MPs to meet BSPS representatives to discuss pension claims

The Pensions Ombudsman rejected four complaints about the scheme trustees and their alleged lack of information on cash equivalent transfer values

Time for Reform of Mississippi's Defined Benefit Pension System

Another metric to use for PERS is how much of the state’s tax revenue it would take to cover the unfunded liability.

USS offers DC members access to private markets

For USS, this means around 320 private markets assets will be accessible, which include infrastructure, property, private debt and private equity.

Mothercare trustees agree to payment schedule

MUK reached an agreement with its administrators, PwC, to assign the brand and re-contract “the majority” of the firm's international franchise agreements to MGB, including all liabilities in respect to MUK's DB schemes.

FSCS raises £50m supplementary levy on life and pension advisers

The levy has arisen due to continued growth in the volume of pension transfer and SIPP-related pension advice claims.

PenCom seeks reconciliation of non-credited contributions

The monthly Compliance Reports are one of the monitoring tools instituted to monitor the level of compliance with the PRA 2014 and other identified lapses.

City watchdog takes aim at pension advisers over final-salary transfers

The regulator made plain that it was frustrated by the failure of advisers to reduce the number of people being persuaded to transfer out of valuable defined-benefit pension plans, which it regards as usually a bad move.

FCA issues warning to advisers over unsuitable advice

The FCA warned that some financial advisers are holding inadequate financial resources and/or professional indemnity insurance.

Legal,Regulation & Compliance