New record set as pension transfers hit £10.6bn in Q1 2018

The value of pension transfers hit £10.6bn in the first quarter of 2018, setting a new record, the latest data from the Office for National Statistics has found.

Publishing data on investment by insurance companies, pension funds and trusts, the ONS also revealed the total value of pension transfers for 2017 has been revised up by £2.5bn, to £36.8bn

Govt urged to exempt pensions from inheritance tax

In an attempt to simplify the UK savings landscape, the government is being called on to exempt pensions and ISAs from inheritance tax (IHT)

Bulk annuity transactions are ‘undisputed gold standard’ to guarantee member benefits

Bulk annuity transactions are the “undisputed gold standard” to guarantee defined benefit scheme members’ pensions, ABI director of policy, long-term savings and protection Yvonne Braun has said

TPR defends ‘modest’ KPI targets

The Pensions Regulator has defended its key performance indicator (KPI) targets laid out in its corporate plan, after the Work and Pensions Committee said they were disappointed in their “modest scope”

Other News Stories...

Banking sector reports best DB deficit in FTSE 100

The banking sector has emerged with the best defined benefit pension deficit in the FTSE 100, research from Barnett Waddingham has found

Pension savers vulnerable to financial harm; FCA survey shows lack of understanding

Two million defined contribution savers that received and read their annual statement said they did not understand it, according to the Financial Conduct Authority, with many savers displaying a vulnerability to financial harm

TPR set to increase intervention between triennial valuations

The Pensions Regulator will increase intervention between the triennial valuations of defined benefit schemes on a “risk based” approach, TPR CEO Lesley Titcomb has said

Aliaxis UK DB Pension Scheme agrees £85m buy-in with Just Group

Aliaxis UK Defined Benefit Pension Scheme has agreed an £85m buy-in transaction with Just Group, it has been revealed

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

Latest Features

Game over

The defined benefit sector has faced mounting issues over the past few years, but has it done enough to stop the blame game and learn from its mistakes? Theo Andrew investigates

Managing member complaints

Geraldine Brassett reveals the best ways to manage member complaints and the importance of learning lessons from them

Spotlight on scheme structures

The issues affecting contract-based and trust-based schemes, along with master-trusts and SIPPs/SSAS

Eggs in one basket

Key person risk – over-reliance on individuals within a company pension scheme who know how it is managed – continues to be a particular problem for the UK. Graham Buck examines whether there is a solution

Towards transparency

The quest for total cost disclosure remains incomplete but there are plenty of measures for trustees to implement now, finds Alastair O’Dell

Industry overseers – agenda update

h e bodies that oversee the pensions industry are pivotal in the development and evolution of the industry. Natalie Tuck takes a look at the current areas of focus for some of the sector’s biggest overseers

Out in the wash

Nigel Jones talks through the latest anti-money laundering legislation and the responsibilities it places on pension fund trustees

Expression of interest

Conflicts of interest are inherent in any pension scheme. Identifying and managing them are part of good governance, says Maggie Williams

Diverse thinking

Strong evidence suggests that a more varied workforce is a better performing one. But the pensions sector is playing catch up. What more can it do to promote diversity?

Picking up the pace

Sara Benwell considers the eff orts made by the pensions industry to adapt its products to the needs of today’s savers, and what more needs to be done

Going with the flow

Sandra Haurant explores how pension funds are adapting their ratio of liquid asset holdings to meet their changing needs

A new era

Pensions Age speaks to ITM’s leadership team as the company embarks on an exciting next stage of development

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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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