Schemes gang up on HMRC over VAT rebate
Published: 04 August, 2008
Capital Cranfield is leading 33 pension schemes in a fight against HM Revenue & Customs (HMRC) over taxation laws for schemes in wind-up.
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Scheme trustees escape HMRC’s money laundering registration rules
Published: 04 August, 2008
Pension scheme trustees are no longer required to comply with money laundering requirements after a U-turn by HM Revenue & Customs (HMRC).
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Information overload
Published: 04 August, 2008
While I accept it is the role of nearly every pensions expert to point out that most of us are not saving enough for retirement beginning sometime between age 55-65, I am not convinced that it is the role of every pensions consultancy to try and calculate the pensions deficit of FTSE companies.
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HMRC could have to pay £10m if the independent trustees win their case at the tribunal |
Trustees unite to reclaim VAT charges
Published: 04 August, 2008
The Independent Pensions Trustees Group is planning a mass VAT reclamation campaign which could see HM Revenue & Customs (HMRC) face a bill of £10m.
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Cardano placed on performance pay at Trafalgar
Published: 04 August, 2008
The £1.3bn Trafalgar House pension scheme is to pay its new investment adviser and derivative overlay manager solely on a performance-related basis.
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Grayling: offering his party ‘wriggle room’ |
Conservatives deliver personal accounts alarm
Published: 04 August, 2008
The Conservative party has warned it will not blindly pursue a failing personal accounts system that is failing if it wins the next general election.
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Annuity services continue to fall short
Published: 04 August, 2008
Over 60% of annuity providers now produce good quality wake-up letters, according to the Financial Services Authority (FSA).
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NEWS In brief
Published: 04 August, 2008
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Wood: more regulation of parent companies is needed |
ETV exercises a threat to buyout, says Wood
Published: 04 August, 2008
Paternoster chief executive Mark Wood has voiced “grave concerns” over schemes encouraging members to leave early, which he believes could give buyout a bad name.
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LETTER
Published: 04 August, 2008
That there is a downward trend in defined benefit schemes is undeniable. Increased longevity and clearer identification of the costs and liabilities have ensured this.
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Brimming pension pots force execs to halt the flow
Published: 04 August, 2008
So many FTSE 350 executives have pension pots equal to or greater than the lifetime allowance that only half are accruing any further pension.
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McKenzie: the financial security of the PPF is paramount |
Insured schemes will not escape PPF levy
Published: 04 August, 2008
Schemes that purchase covenant insurance will still have to pay the Pension Protection Fund’s (PPF) scheme-based levy, after an amendment to the pensions bill was withdrawn.
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Scheme buyout affordability improves
Published: 04 August, 2008
Pensioner buyouts are more affordable due to an increase in gilt and bond assets and lower overall costs, according to Paternoster.
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NEWS In brief
Published: 04 August, 2008
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Lambert: deficits are biggest worry |
Pressure heightens to close DB plans
Published: 04 August, 2008
Employers should be free to design the pension schemes that suit them and then be left alone, the Confederation of British Industry (CBI) has pleaded.
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Insolvency product eases liabilities
Published: 04 August, 2008
A service that releases insolvency practitioners (IPs) from the liabilities of trusteeship after a defined contribution scheme becomes insolvent has been launched by Alexander Forbes.
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Price drop causes rethink of property use as pension
Published: 04 August, 2008
Employees planning to use property to fund their retirement have had their confidence rocked, new research has revealed.
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Soulsby: schemes want strategies that incorporate more than just performance |
Hedging strategies find favour with funds
Published: 04 August, 2008
UK pension funds hedged around £18bn of liabilities in the first six months of 2008, according to a survey measuring liability-driven investment (LDI) activity.
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Emerging market equity investing on the rise
Published: 04 August, 2008
Emerging market assets now account for 13% of total market capitalisation, according to an analysis of MSCI statistics by Baring Asset Management.
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NEWS In brief
Published: 04 August, 2008
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Head to head
Published: 04 August, 2008
When PW received a letter slamming the TUC’s trustee research featured in last week’s issue, we thought it only fair to give the TUC a right to reply. Here is the result
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Risk-sharing and sausage machines
Published: 04 August, 2008
Here is a story you will have heard before. I caught up with a
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Getting involved makes the actuarial valuation process run like clockwork
Published: 04 August, 2008
Trustees must be prepared to give the time and effort if they are to participate fully in this interactive process, which combines so many aspects of their duties
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Passive tools for active management
Published: 04 August, 2008
Despite their obvious polarity, passive and active methods of investing can work together to lower costs and generate returns
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UK chiefs enjoy the good life in uncertain times
Published: 04 August, 2008
Are UK investors holding enough senior executives to account for their actions, asks Tom Powdrill
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Helen Miller - Marketing consultant, Merchant Investors |
My life outside pensions
Published: 04 August, 2008
Deadlines looming? Poor economic climate getting you down? Who can think of a better way of relieving the working week’s tensions than twirling flaming ball and chains above one’s head while celebrating the Maori culture through the medium of dance? Helen Miller explains.
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TRUSTEE LIABILITY - INTERMEDIATE LEVEL
Published: 04 August, 2008
Changes in legislation and recent court determinations have resulted in increasing duties and obligations placed on trustees: a role that can attach personal liability if things go wrong.
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Watkins to continue liability role at MetLife
Published: 04 August, 2008
Emma Watkins (pic) is joining MetLife (Europe) Assurance after four years’ service at ACE Europe.
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