Comment

Lesley Williams, chair of the Pensions and Lifetime Savings Association, imagines true diversity in pensions

Analysis

The use of judicial review has recently been restricted because it should be used when no other remedy is available, explains Robin Ellison, Pinsent Masons

Ceri Jones, financial journalist, reports on the confusion over pension transfers, following HMRC’s failed tribunal appeal concerning inheritance tax

The mounting cost of pensions is providing scope for previously unthinkable solutions, explains Anthony Hilton, Evening Standard

Features

PRAG chair, Shona Harvie, Crowe Clark Whitehill, looks back on 40 years of PRAG’s support to the pensions industry and forward to what the future holds

Tata steelworkers have voted to accept the pensions offer from the company to safeguard their jobs, reports Stuart Price, Quantum Advisory

James Miller, Aon Hewitt, on transferring your way to a better outcome

There are several good reasons why fiduciary management is growing in popularity, explains Pieter Steyn, Willis Towers Watson

Pooling supported by flexible platforms will enable local authorities to benefit from scale in their future investment decisions, explains Sid Newby, BNP Paribas

 

Investment brief

The mounting cost of pensions is providing scope for previously unthinkable solutions, explains Anthony Hilton, Evening Standard

Debrief

Marcus Bambury, Willis Towers Watson, on how to guide smaller employers along the path to auto-enrolment

Survey

With 2017 expected to be a record year for buyouts, schemes can do much to make themselves more attractive to de-risking providers, says editor Stephanie Hawthorne

Events

Courses and seminars All change ahead
www.pensions-pmi.org.uk 20 Mar (London) Defined benefit, part 1
www.aonhewitt.co.uk 11 Apr (London) 23 May (London) Defined benefit, part 2
www.aonhewitt.co.uk 7 Mar (London) 17 May (Manchester) Defined contribution
www.aonhewitt.co.uk...

PLSA update

PLSA - March 2017

News

The Regulator acts to protect savers

The Pensions Advisory Service
www.pensionsadvisoryservice.org.uk
O20 7630 2250

Volunteers needed!

I am pleased to welcome Colin Wood, Gary Cook, Richard Norman, Mark Cope and Ellen Ratcliffe as new TPAS volunteers!

We are always looking for volunteers to help with casework, which can be dealt with from home. We are also looking for volunteers to attend...

A roundup of recent worldwide news and developments in the pensions arena, by Anne Bennett

People planning their retirement will be able to withdraw up to £1,500 from their pension pots tax free to pay for financial advice from April 2017.

The new pension advice allowance, first announced in the Autumn Statement 2016, will enable people to withdraw £500 on up to three occasions from their pension pots tax free to put towards the cost of pensions and retirement advice.

...

The Department for Work & Pensions (DWP) has confirmed that the 2017 review of auto-enrolment will have three themes: coverage, engagement and contribution levels.

Ruston Smith, trustee director at the People’s Pension, will lead on engagement; Jamie Jenkins, head of pensions strategy at Standard Life, will lead on coverage; and Chris Curry, director at the Pensions Policy Institute...

If the employment rate of people aged 50–64 matched that of those aged 35–49, it would add more than 5% to UK GDP, or £88bn. By 2020, over-50s will comprise almost one third of the working age population and almost half of the adult population.

With this in mind, employers should increase the number of older people in the UK workforce by one million over the next five years to combat...

The regulation for setting up smaller pension schemes is not effective in preventing pension schemes being used as vehicles for scams.

With this in mind, the Pensions and Lifetime Savings Association (PLSA) has responded to the government’s consultation on scams by setting out proposals for an authorisation regime for pension schemes. It would focus initially on all new schemes with...

Opening the floodgates?

The Supreme Court ruling in the Brewster case has set an expectation among unmarried individuals that their partner will now be entitled to their pension when they die. Daniel Taylor, Trafalgar House, warns: “Unless trustees act now to properly inform members about the limits of this ruling, then administrators will be subjected to a flood of complaints from...

Pension scheme trustees are highly educated and financially literate, but lack diversity, according to research by Aon Hewitt in partnership with Leeds University Business School.

The wide-ranging research, led by Dr Iain Clacher, associate professor in accounting and finance at Leeds University Business School, sampled 197 respondents, who represented schemes ranging from those with...

March 2017

"To do" list: 2017 trustee priorities