Concessions extended to in-specie transfers

FTAdviser latest:HMRC in-specie rule change to benefit Sipp and Ssas borrowers

Story by: Sharon Flaherty, FTAdviser

HM Revenue & Customs (HMRC) has extended its concessions to in-specie transfers to make it easier for people to review borrowing arrangements within Sipp and Ssas schemes.

  • Time published: 12:54
  • Date published: 02.07.2009
  • Published in: Pensions

New boys enter into Sipp and Ssas arena

A new Sipp and Ssas provider promises to take on more established rivals by offering full investment flexibility at one of the lowest prices in the market.

  • Date published: 01.07.2009

Govt must design new 'middle-way' private pension scheme

New imaginative pension policies need to be designed to sit in between defined benefit (DB) and defined contribution (DC) arrangements, in order to re-invigorate and promote quality pension provision across the private sector.

  • Date published: 01.07.2009

Administration failings push pension complaints up 10%

The number of pension complaints made to the Pensions Advisory Service (TPAS) increased by 10 per cent over the last year, largely due to poor administration by providers.

  • Date published: 01.07.2009

Final salary pension scheme deficit hits three-year high

The deficit of the 200 largest private final salary pension schemes increased by 80 per cent during June, rising from £40bn to £73bn, to hit the highest level in three years.

  • Date published: 01.07.2009

Employers save over £4.5bn by closing DB schemes

The demise of final salary pensions is saving employers up to £4.53bn in contributions, but millions of employees are losing out significantly by being withdrawn from the schemes.

  • Date published: 30.06.2009

Crunch causes pension schemes to scrutinise fund managers

Nearly half (49 per cent) of pension schemes plan to spend more time scrutinising the actions of their fund managers on engagement issues as a result of the economic crisis.

  • Date published: 30.06.2009

PPF must review levy to reflect wage freezes: OPT

Occupational Pensions Trusts (OPT) has called for the Pension Protection Fund (PPF) to review its levy to properly take into account recent widespread pay freezes and cuts in wages paid by private sector companies.

  • Date published: 26.06.2009

L&G to cut further 200 jobs in UK risk division

Legal & General has entered into consultation with staff in its UK risk division, in view of making up to a further 200 roles redundant.

  • Date published: 24.06.2009

"Pensions apartheid is upon us": PwC

Over three-quarters (77 per cent) of employers have said that that the Budget's pensions tax proposals have further reduced their motivation to provide workplace pensions, whether defined benefit or defined contribution schemes.

  • Date published: 24.06.2009

Comments

Another raw deal

The decision by work and pensions secretary James Purnell to walk out of the Cabinet, whatever his personal or political reasons, has dealt another blow to the development of a coherent long-term pensions strategy.

  • Time published: 00:01
  • Date published: 11.06.2009

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Comments

A new government must stop the rot

As major firms are closing down their final salary pension schemes, it is clear long-term savings are in a parlous state in the UK and the issue must be addressed urgently

  • Time published: 00:01
  • Date published: 11.06.2009

Comments

A 'wait and see' approach to pensions reform

It perhaps should not come as any surprise that major providers are adopting a wait and see approach to pension reform.

  • Time published: 11:07
  • Date published: 04.06.2009

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