Tag Archives: pension

Work to launch the UK’s first commercially available multi-employer collective defined contribution (CDC) pension scheme has continued, with Squire Patton Boggs now providing advice to TPT Retirement Solutions on its plans for this. Following the launch of the landmark Royal Mail scheme last year, which Squire Patton Boggs also advised …

The Royal Mail Collective Pension Plan, which officially launched on 7 October, will be delivered using the EQ Retirement Solutions’ (EQRS) Compendia platform, it has confirmed. Initially announced in 2018, the Royal Mail Collective Plan became the UK’s first CDC scheme in 2023 after passing The Pensions Regulator’s (TPR) assessment …

WASPI campaigners are taking the next step in their fight over changes to the State Pension age. Chancellor Rachel Reeves made no mention of any compensation plans in her Budget on October 30 but did announce that Labour is setting aside £11.8 billion for victims of the infected blood scandal …

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 …