High earners face large additional tax bills on the build-up of their pension after 6 April 2016. Find out who is likely to be affected and what can be done to mitigate the effects.
Relevant to HR professionals and Finance Directors
The question and answer session from The Forum's Pensions Reform discussion in September 2014. Panel includes: David Dunn, Making Sense of Retirement (Chair); Mel Duffield, Pensions Policy Institute; Tim Gosden, L&G; James Coney, Money Mail; Simon Lambert,Thisismoney.co.uk.Read more >
The third presentations from our recent Pensions Freedom event. The Pension bombshell dropped by The Chancellor in the March budget has galvanised the UK market. Recent research will show how the UK consumer has reacted to the changes. In other countries where savers do not have to buy annuities (e.g. Australia and USA) what do retirees do with their pension pots? What does the retirement income market look like and what products have developed and prospered? What has driven consumer behaviour in those markets? And, with the new pension flexibilities in the UK, what would be a good outcome from a regulatory perspective?Read more >
As a means of helping ease the burden of pension liabilities, de-risking transactions remain high on the agendas of corporate sponsors and trustees.
When considering de-risking, principal focus is often justifiably spent on identifying the correct solution for the best price. However, other factors also deserve similar focus – transactions such as pension buy-ins or the use of longevity swaps often involve considerable complexity, with the resulting collateral structures persisting long after deal completion.
We invite you to join this webinar, in which we will explore these issues further. After assessing current trends in de-risking, we will focus on how three specific types of transaction – the collateralised buy-in, the use of longevity reinsurance or swaps, and the trapped surplus vehicle – can be supported.
Though this session, we aim to equip pension managers, trustees and corporate sponsors with a further understanding of the timeframes involved in these transactions – and share experiences of how deals have been successfully executed.
The Pensions Agenda for the New GovernmentRead more >
Watch our discussion on the key developments in the buy-in, buy-out and longevity swap market and the opportunities for pension plans in 2016.Read more >
Steve Bee is a prominent pensions strategist. Aside from his role at a major life company, he contributes columns and cartoons for a number of industry publications.
Steve is well known for his campaign to simplify the jargon that surrounds the world of pensions. In the same entertaining down-to-earth way, his presentations tackle head on what many seem to be ignoring.
Half the workforce has no occupational pension. Even if we do make provision, there's no guarantee that it's safe. What of the employers that have changed their payouts from final salary to defined contributions? What of the 300,000 stakeholder pension schemes, which hardly anyone has joined?
Steve Bee was named in Money Marketing's list of the most influential names in UK financial services. He tells audiences how it is, and how he sees the future.
Pensions accounting is again in the spotlight, with proposed changes to international rules, and UK companies threatened with additional liabilities on their balance sheets. This webinar will explain pitfalls to avoid, new opportunities, and actions that companies can take as they prepare for the year end.Read more >
The Budget 2016 might not have seen the widespread changes to the pension taxation system that many had been anticipating – however, there are still key pension considerations to be aware of in the new tax year.
Our upcoming webinar hosted by DC expert, Phil Duly, will help you to understand any issues affecting the scheme you provide and your workforce, including:
•Ensuring that your pension scheme complies with the 6 April changes;
•Understanding of any areas that may need review;
•Ideas for how you can get a better return on the company’s benefit spend;
•Understanding whether your high earners are likely to be affected and what the company can do to help; and
•Approaching your automatic re-enrolment date with confidence.
In April 2015 the government introduced a range of legislative changes designed to increase the flexibility that individuals have when accessing their pension savings from age 55 onwards.
Although these changes apply mainly to defined contribution (DC) schemes, there is an inevitable knock-on effect to defined benefit (DB) schemes too.
Join our webinar on Tuesday 26 April, where we will be looking at the overall market experience within DB schemes, following the introduction of the new pension flexibilities.
Over the course of the webinar Partner, Andrew Vaughan, will share valuable insights gained from our recent market research and will identify the actions which companies and trustees should consider.
You will also have the opportunity to pose your questions to Andrew at the end of the session.
The outcome of the general election on 7 May is likely to have a number of implications for your pension arrangements and the result will bring new issues and opportunities for companies to consider.
This 40 minute webinar, hosted by LCP’s Corporate Consulting team, will help you understand more about what the Election result means for your business, and what actions you need to take.
We will explain what the headline tax policies mean for pension scheme sponsors, as well as wider pension considerations linked to having a degree of certainty within government post-election.
How are default funds going to have to change now that annuity reform has come in? What responsibilities do pension schemes have to ensure members don’t run out of money in retirement? These are two of the questions tackled by our panel of experts:
Clive Gilchrist, Deputy chairman, BESTrustees
Nigel Aston, Managing director, head of European defined contribution, State Street Global Advisors
Tim Horne, DC investment solutions manager, Schroders
Pensions freedoms in the UK are now nearly 6 months old. Advisers have been adding value by helping clients make an informed decision on the choices available, but are all tools that are available to help in this process equally fit for purpose?
Understanding how the tools work and their limitations is a critical step both in providing compliant and robust advice, and in explaining the results to clients.
eValue explains the methodologies and limitations of the income planning tools provided to advisers to help advisers ask the right questions to become comfortable with the tools selected. The webinar covers:
- Why the modelling risks are so important in post retirement income planning
- The main types of forecast methodology and their limitations
- What to look out for when choosing your income planning tool
Panacea Retirement Choices 2016: Pensions DiscussionRead more >
This webinar solely for attendees going to the ninth annual SMSF Strategy Day with Grant Abbott will provide some great ideas to take to clients prior to year end and will provide a strong and secure knowledge base for the upcoming Strategy Day. We will also look at what to do if minimum pensions are not met including using Promissory Notes.Read more >
2013 was a year of pensions change for many housing associations. Faced with increased costs from the Social Housing Pension Scheme (SHPS) and auto-enrolment requirements many housing associations took positive steps to control and manage their pension costs and risk.
This webinar will help you prepare to address the key pensions issues for housing associations in 2014.
The webinar will explain:
- the changes to the LGPS from April 2014 and the issues for employers to consider;
- the latest financial position of SHPS and what the Government’s Defined Ambition proposals might mean;
- “last-man standing risk” in multi-employer pension schemes and possible solutions; and
- the impact on SHPS employers of the new UK accounting standards from 1 January 2015
Recent years have seen an increasing use of special purpose vehicles, typically Scottish Limited Partnerships, for funding defined benefit pension schemes. These have used assets such as property, trademarks, and even whisky, to provide a secure income stream to repair pension scheme deficits. Whereas previously the cost of establishing such structures meant they were only really considered where the asset value in the structure was in excess of £100m, as the pensions industry builds up experience of these structures, as recent transactions show, they are increasingly becoming feasible for smaller pension schemes.
In this briefing experienced pension consultants and lawyers from LCP and Stephenson Harwood respectively will consider:
- how these structures work;
- their attractions for both sponsors of pension scheme arrangements and trustees;
- when they might be appropriate; and
- the practical considerations.
How to tackle today’s urgent pension challenges and strengthen your fund for the long term
• Are you thinking what they’re thinking? The five-year trends predicted by a State Street survey of 150 European pension funds, conducted by the Economist Intelligence Unit.
• Learn about the best strategies for managing funding gaps and tackling shortfalls.
• Hear expert solutions to the growing data challenge for pension funds, amid the focus on governance and reporting.
• What steps are pension funds taking now to “future proof” their plans for the long term?
• Jörg Ambrosius, Senior Vice President, State Street Global Services
• Paola Bergamaschi, Senior Vice President, , State Street Global Markets
• Raymond Haines, Head of European Strategy and Research, Investment Solutions Group, State Street Global Advisors
• Nikolaus Schmidt-Narischkin, Managing Director at DB Advisors Fiduciary Management
• Brendan Maton, IPE
Workplace pension law has changed making all employers take positive action to help their UK workers save for retirement. They must automatically enroll certain workers into a qualifying workplace pension scheme that the employer will contribute to. This webcast aims to provide information on preparing for auto-enrolment with guest speakers from NEST and Towers Watson.Read more >
The pensions revolution and the impact of demographic change will combine to produce the biggest income opportunity the UK has seen. Can equity income provide the solution to the longer retirements of the future? And how can investors approach this complex market?
Paul Cooper, Partner at Sarasin & Partners, explores:
1.The impact of capital volatility – and compounding of returns – over the long term. The impact of volatility on capital and income growth.
2.Finding the right compromise between yield, growth and quality
3.Delivering sustainable dividend growth through a thematic approach
In January 2015, FTSE Russell conducted a follow-up survey to the well-received 2014 survey of institutional asset owners, to better understand the progression in perceptions and adoption of smart beta globally.
During this webcast a panel of representatives from European and US asset owner and consultancy firms will discuss the most interesting themes and surprising statistics from the survey results.
Steve Artingstall, Senior Investment Manager, Railpen
Syed Haque, Director of Public Markets at UPS Investment Group
Stephen Miles, Head of Research for EMEA at Towers Watson
Neil Rue, Managing Director at Pension Consulting Alliance, Inc.
Rolf Agather, MD Research, FTSE Russell
3:00PM GMT / 10.00AM EDT
This briefing covers major changes to pensions accounting standards which affect all companies reporting pension figures under international standards.Read more >
The risks to many employers in the Pension Trust’s Growth Plan will have come into sharper focus following the start of deficit contributions in April this year. This is likely to put additional financial pressure on charities at a time when the economic downturn is impacting on donations and grants.
The recent news stories about charities closing because of pension debts will have caused concern in the sector. However, there are many positive steps charities and other employers that use the Growth Plan, such as independent schools, can take to manage and monitor their pension risks. LCP are working with many such employers to help find the right solutions for them.
Steve Webb, the Pensions Minister, is also aware of the problems, and has stated that he will be exploring ways to help employers in multi-employer pension schemes such as the Growth Plan.
This webinar will explain:
- the Growth Plan’s current financial position and the key risks faced by employers;
- what any reform of multi-employer pension schemes may look like in practice;
- the range of options open to employers to manage risks from the Growth Plan; and
- how the cost of exiting from the Growth Plan is currently being calculated and how to monitor that cost so that opportunities to exit at an affordable price are not missed.