Tag Archives: pension

There are 1.4 million people receiving support through Pension Credit across the country. But according to the Department for Work and Pensions (DWP), there are 880,000 households which could be entitled to help but do not claim it. They could be missing out on an average annual income boost of …

Canadian investment management firm Brookfield has applied to set up an insurance company in the UK to move into the bulk annuity market, according to reports in the Financial Times (FT). The FT reported that Brookfield has filed paperwork with the Prudential Regulation Authority to set up a new insurer. …

The Royal Mail Statutory Pension Scheme (RMSPS) will continue to be administered by Capita plc, following the renewal of its contract with the cabinet office for six years from 2026, with an option to extend for a further two years. Capita was reappointed following a competitive selection process. As part …

Capita announced the renewal of its contract with the Cabinet Office to administer the Royal Mail Statutory Pension Scheme (RMSPS) on Tuesday, for an additional six years from 2026. The London-listed outsourcing specialist said the contract included an option to extend for a further two years, following a competitive selection …

Thousands of people could boost their income with monthly payments of up to £434 from the Department for Work and Pensions (DWP). The rates of Attendance Allowance are rising by 6.7 per cent from April 8. Attendance Allowance is for people of State Pension age who have health conditions and …

The Pensions Regulator (TPR) has assessed and authorised the UK’s first collective defined contribution (CDC) pension scheme, the Royal Mail Collective Pension Plan (RMCPP). TPR highlighted the “milestone” as demonstration of how the regulator is pursuing its strategy to embrace innovation to help meet pension savers’ needs. Commenting on the …

The Royal Mail Statutory Pension Scheme (RMSPS) deficit increased to £50,876m as at 31 March 2022, up from £48,614 to in March 2021, according to the scheme’s latest Annual Report and Accounts. The RMSPS also recorded a net actuarial loss of £3.1bn over the past year, driven by the higher …

The trustees of the Royal Mail Defined Contribution (DC) Plan have chosen Destination Retirement from Hub Financial solutions as the financial … Source link

The Pensions Regulator (TPR) has laid its new code of practice for the authorisation and supervision of collective defined contribution (CDC) schemes before parliament. This should allow the code to complete its legislative passage through parliament in time for trustees to apply for authorisation to operate a CDC scheme from …

Allowing the use of age-related contributions in collective defined contribution (CDC) schemes could be a “game changer” in making CDC more appealing to a wider range of schemes and ensuring fairness for younger savers, according to LCP. Pensions Minister, Guy Opperman, yesterday (28 March) signaled his intent to hold a …