Treasury confirms ‘no plans’ to review secondary annuity market

The government has “no plans” to review its decision regarding the secondary annuity market, HM Treasury economic secretary John Glen has said.

Responding to a parliamentary question from Conservative MP Craig Mackinlay, who asked whether the Chancellor of the Exchequer plans to “extend to the annuity market the freedom that people have to access their pensions”, Glen rejected the need to review the already scrapped proposal

Just one in 10 overspending post pension freedoms – Prudential

Just one in 10 pensioners admit to overspending in retirement since the launch of pension freedoms, Prudential has found

PLSA announces director of external affairs’ departure

The Pension and Lifetime Savings Association’s director of external affairs Graham Vidler is to depart after four years in the role

News in brief 20 April

News in brief from the last seven days...

Other News Stories...

CDC is '10 years too early or 10 years too late’ – industry says

Collective defined contribution (CDC) pension schemes are either 10 years too early or 10 years too late, Aon Hewitt senior partner Kevin Wesbroom has said

Debenhams’ pension surplus hits £91.5m despite profits battering

Retail giant Debenhams’ net pension surplus has almost doubled to £91.5m over the year on an IAS 19 accounting basis, despite pre-tax profits taking a £74.3m hit

Why the Burgess & others v Bic decision matters for pensions and wider trust law practitioners

Following the High Court ruling earlier this week on the Burgess & others v Bic case, Pensions Age asks Stephenson Harwood senior associate Naeem Noor why it matters

HMRC urged to use tax returns to ‘pseudo-enrol’ self-employed into pension saving

HM Revenue and Customs could assist the self-employed with pension savings through the tax return system, Royal London director of policy Steve Webb has said.

Speaking at the Pensions Management Institute’s Pensions Aspects Live conference, today 19 April 2018, the former Pensions Minister emphasised that the “big disappointment” of the auto-enrolment review was the lack of consideration over pension saving for the self-employed, women and low earners

Engaging tactics
Laura Blows talks to Mark Rowlands, director of customer engagement at NEST, about how to increase member engagement

Latest Features

Going biometric?

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

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

Engagement focus: Putting the member first

Matthew Blakstad discusses how key events in a scheme member’s life can be used as opportunities to engage them with their pension, while Stuart Anderson identifies the most effective ways to communicate with members to increase retirement saving, and considers how schemes can ensure

members receive the most value from their retirement savings

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

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Engaging tactics
Laura Blows talks to Mark Rowlands, director of customer engagement at NEST, about how to increase member engagement

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