Tag: Company Pension Schemes
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Start early to plan for retirement.
We live in a time when the state pension age is increasing, the number of DB (Defined Benefit) Pension Schemes open to new members is decreasing, and more and more individuals will rely on DC (Defined Contribution) Pension Schemes in their retirement. As a result of Auto Enrolment, it’s true to say the more people…
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Claire Trott: Public still has it wrong on pensions versus property
Latest statistics show personal pensions, in particular, get a bad rap The recently published preliminary estimates from the Office for National Statistics’ Wealth and Assets Survey make for interesting reading with regards to how people view pension savings and how safe they are. This survey has been run numerous times in recent years and it…
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Suspect pension advisers to be named on watch list
Excellent news:- Firms and advisers arousing industry suspicions of wrongdoing will be placed on a semi-secret watch list to warn businesses considering working with them. The Pensions Administration Standards Association (PASA) is working on a closed list with names of pensions schemes and advisers that have been flagged up as potential scammers, to be shared among…
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Industry Voice: I’ll think about my pension next year
“I’ll think about my pension next year”. It isn’t unusual for clients to make this statement. Often they think they can leave it until they have more money, have paid off the mortgage, built up the business and so on. That strategy used to work. However, the reduction in Annual Allowance (AA), removal of year…
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MPs target Auditors as Company Pensions collapse
The work and pensions select committee wants the government to tighten the net around auditors and their role in company pensions collapses in its upcoming paper on defined benefit (DB) schemes. Labour MP Frank Field told FTAdviser that the document, expected to be published in the spring, should have a look on “what is the duty…
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Steve Bee: Make way for the next generation of Waspi women
A Well Respected Pensions Expert, Steve Bee, recently wrote the following article in one of the Industries Technical Press publication. I thought it would be of interest to you if I shared it. Mishandling of the recent rapid increases in the state pension age have had a devastating effect on many women There are three main…