AUTUMN BUDGET 2017: Public service pension costs forecast to rise by £3bn

The cost of public service pensions is forecast to grow by £3bn between 2020 and 2022, Budget documents have revealed.

According to the Autumn Budget supporting documents, the net public service pension payments expenditure for the Treasury is expected to rise by £3bn from £13.6bn in 2020 to 2021, to £16.6bn in 2022 to 2023

AUTUMN BUDGET 2017: Business rates switch to CPI reinforces argument for DB switch – Nolan

The government’s decision to bring forward a switch from RPI to CPI for business rates “reinforces the argument for DB schemes” to be allowed to switch the CPI, it has been claimed

29% of baby boomers still don’t understand pension freedoms

Despite being introduced over two years ago, 29 per cent of baby boomers still do not understand the freedom and choice pension reforms, a report has revealed

Guest Comment: Advising transfers

ACA chairman Bob Scott discusses the complexities and costs of advising DB transfers

Other News Stories...

AUTUMN BUDGET 2017: Business as usual as Chancellor leaves pensions alone

It is welcome news for many in the pensions industry as Chancellor Philip Hammond chose to leave pensions alone in his Budget announcement today

AUTUMN BUDGET 2017: ‘No news is good news’ says industry

The industry has reacted to today’s Budget announcements with relief at pensions largely being left untouched, tinged with disappointment at the lost opportunity to address pensions tax relief and intergenerational fairness

AUTUMN BUDGET 2017: Increase in the personal tax allowance to benefit AE – Aegon

The increase in the personal tax allowance to £11,850 from 6 April 2018 may encourage people to continue saving into a pension once auto-enrolment contribution rates rise in April, Aegon head of pensions Kate Smith has said

AUTUMN BUDGET 2017: TPR to clarify guidance on long-term investments for pension funds

The Pensions Regulator is to clarify guidance on investments with long-term investments horizons, the Budget background documents have revealed

Investment matters
Laura Blows talks to NEST CIO Mark Fawcett about managing market conditions and compiling the best fund choices for DC members

Latest Features

Going biometric?

Raji Menon considers how biometrics may play a crucial role within pensions

The optimist

Just a few months into the job, Julian Mund is getting stuck into a new daily routine serving as the PLSA’s chief executive. Natalie Tuck speaks to him about the future of the association and his thoughts on some big industry topics

The forgotten masses

Laura Blows reveals why a greater focus will increasingly be placed upon deferred members

Lessons learnt

Louise Farrand looks into the challenges created by the increasing numbers of school academies’ staff joining the LGPS

Staying on track

Nicola Thorpe reveals how to future proof your liability-driven investment strategy

Alternatives: Picking the diamonds from the 27 rhinestones

Percival Stanion argues that true ‘alternative’ investments are hard to find, but diversification is still possible

Getting the gig

David Adams questions what more can be done to encourage self-employed ‘gig workers’ to save into a pension

Educate against attack

Nick Martindale explores how schemes can improve their cyber security

Difficult to care

David Adams explores the challenges of funding long-term care and how the pensions industry may help provide solutions to this problem

The right direction

Lynn Strongin Dodds looks at how political risk can affect pension funds and the strategies that should be put in place to combat this

Advising change

In the changing retirement landscape, Talya Misiri discusses IFAs’ experience

of pension regulations, new technologies and alternative retirement income sources

Stronger together

With the government pushing for the pooling of local government pension scheme investments, Natalie Tuck speaks to the Local Pensions Partnership about why it came into being, and how other funds can get involved

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Investment matters
Laura Blows talks to NEST CIO Mark Fawcett about managing market conditions and compiling the best fund choices for DC members

Conditional data – the bedrock of good scheme governance
Duncan Watson, managing director of products and services, EQ Paymaster at Equiniti, talks to Francesca Fabrizi about the importance of conditional data to good scheme governance and how to get there

Latest News Headlines
Adam Cadle provides a summary of the big pensions stories to have hit the headlines this week
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