News in brief – 20 November 2020

First Actuarial has developed and launched an NHS Pension Scheme annual allowance and tax ready reckoner.

The ready reckoner, commissioned by NHS Employers, aims to educate scheme members on pensions tax and the value of scheme membership. It is designed to give NHS savers an insight into their annual allowance position and give general information about their NHS pension. NHS Employers managing director, Rebecca Smith, commented: “The scheme can be a valuable tool for recruitment and retention, both of which are now more important than ever. This ready reckoner aims to help those scheme members who may be impacted by the annual allowance to have a broad insight into their position and what they can do to further understand their options.”

GLIL Infrastructure has invested in the UK’s new East Coat Main Line fleet.

The £1.8bn infrastructure fund backed by Local Pensions Partnership and Northern LGPS, which has agreed to acquire a 30 per cent equity stake in Agility Trains East, a rolling stock fleet of 65 new intercity trains, from Hitachi Rail Limited. The transaction will support the long-term operation of the trains on the UK’s East Coast Main Line. GLIL Infrastructure stated that the transaction would provide “reliable and sustainable” returns for its pension members.

Mattioli Woods has partnered with the Association of Accounting Technicians (AAT) to provide help to its members and offer support with its client relationships.

Mattioli Woods said the partnership enables it to work with their members to help enhance its offering and support existing client relationships. Mattioli Woods will provide ongoing technical support on existing and new legislation, as well as helping members to build client solutions. Mattioli Woods wealth management director, Doug Ryan, said: “Through sharing our extensive expertise and experience we can support CPD programmes for members of AAT and increase their understanding of wealth management opportunities for their clients. We also continue to support their Future Finance initiative which provides members with the skills they need to sustain and succeed, as well as the tools to navigate a changing financial landscape.”

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