Tag Archives: pensions

The announcement will be a much-welcome bonus for elderly Brits The whopping 60% increase helps boost pension pots during the cost of living crisis(Image: PA) A government announcement today revealed that pension schemes will be transitioned into a collective fund. This change promises to provide workers with regular lifetime 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 …

Related Topics · Law and Regulation · KPMG · Frank Field · Aon Hewitt · David Fairs · Tim Middleton · Steve Webb · Royal Mail … Source link

However, there may be some demand from the last few employers still running DB schemes. For example, Royal Mail is moving closer to introducing a CDC- … Source link

The year of 2025 is set to be another big one for your finances – with a raft of key deadlines and bill hikes for you to be aware of. Energy bills, train fares, council tax and the TV licence are just some of the everyday expenses that are set …

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 …

The Office for National Statistics’s upward revision of earning figures will saddle Rachel Reeves with an “unwelcome” extra £100mn bill for the state pension rise next year, according to LCP partner, Steve Webb. Today (October 15), the ONS released its Labour Market Overview for October 2024, detailing the revised figures …

Nearly two thirds (64 per cent) of UK consumers approaching retirement find targeted support appealing, research from Aegon has revealed.  The research, “The Second 50: Navigating a Multi-Stage Life” report, discovered substantial demand for “targeted support” which would offer “people like you” suggestions based on limited information about the individual …

Regulations have finally been laid before Parliament to correct errors that had been embedded into legislation when the lifetime allowance was scrapped. The lifetime allowance was abolished back in April but there were mistakes in the original legislation, which the government needed to fix before certain clients could make changes to …

The first single-employer collective defined contribution (CDC) pension scheme is authorised and ready to launch in 2024 for the Royal Mail. Next steps are likely to include expansion into the multi-employer market as a competitor to individual defined contribution schemes; to provide a pension scheme that delivers an income in …