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. …
Read More »
The trustee of the Royal Mail Pension Plan (RMPP) has agreed to a request from Royal Mail Group (RMG) to release some money that has been held separate from the RMPP. The funds released from escrow aim to enable RMG to pay a one-off lump sum payment to all employees …
Read More »
The trustees of the Royal Mail Defined Contribution (DC) Plan have chosen Destination Retirement from Hub Financial solutions as the financial … Source link
Read More »
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 …
Read More »
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 …
Read More »
The Dormant Assets Bill has received Royal Assent, meaning the government’s Dormant Assets Scheme has been expanded to cover additional assets from certain pensions and investments. The passage of the bill is expected to unlock up to £800m for use in charitable causes. Dormant assets held via vehicles including savings …
Read More »
News in brief – 18 February 2022 · Recent Stories · Royal Mail pushes ahead with CDC plans following member consultation · TPO partially upholds … Source link
Read More »
In future Royal Mail will be seen as the harbinger, not some isolated outlier on the pensions landscape. Those who bewail the potential for … Source link
Read More »
Members of the Royal Mail Collective Pension Plan (RMCPP) who choose to save for an additional lump sum payment will receive an extra 1 per cent in employer contributions, its half-year report has revealed. The RMCPP will comprise a collective defined contribution (CDC) section and a defined benefit lump sum …
Read More »
Royal Mail to offer additional contributions for CDC scheme lump sum … Royal Mail to offer additional contributions for CDC scheme lump sum … Source link
Read More »