Updated: What the gilt sell-off means for pension schemes
Jan 9, 2025 · This week, government borrowing costs rose to multi-decade highs. Yields on ten-year gilts rose to nearly 4.9% (9 January), comfortably exceeding the 4.3% high seen during the liability-driven investment (LDI) crisis in 2022 and a level that had not previously been seen since the beginning of 2008.
List: The DC and DB benefits being targeted for IHT purposes from …
In today's (30 October) Budget, the government confirmed that pensions and death benefits passed on will be subject to IHT from 2027, with both DB and DC schemes impacted.. A technical consultation released alongside the Budget has revealed how wide-ranging the new rules are likely to be – with dependents' annuities and DB lump sum death benefits among those in scope.
Aptia formally launches after admin buyout from Mercer
Jan 8, 2024 · The firm - which will have around 1,100 clients supporting more than seven million people with health and wealth administration - was formed with the backing of Bain Capital Insurance last June and included more than 3,500 employees across the UK, US, India, and Portugal.. The business is headed by chief executive Bala Viswanathan, the former chief operating officer of Mercer, and group chair ...
Autumn Budget 24: Inherited pensions to face IHT from 2027
Oct 30, 2024 · Pensions and death benefits passed on will be subject to inheritance tax (IHT) from 2027, with both defined contribution and defined benefit schemes impacted, chancellor Rachel Reeves has confirmed in today’s (30 October) Budget.
Is now the time for pension schemes to invest in Bitcoin?
4 days ago · Without a doubt, its roughly £1.5m foray into the cryptocurrency was one of the most controversial investment decisions of 2024 – with one expert after another weighing in to declare what a monumental mistake the anonymous investor had made. However, Cartwright, the consultant responsible for advising on the 3% allocation to the now 16-year-old cryptocurrency says it is in talks with ...
Webinar: The PPF Purple Book - Register now
Dec 2, 2024 · In an exclusive webinar at 10am on 5 December PP editor Jonathan Stapleton will be joined by PPF chief actuary & interim chief financial officer Shalin Bhagwan and PPF actuary James Emmott to discuss the latest edition.. The annual survey of scheme finances paints a holistic picture of the risks posed by UK defined benefit (DB) schemes protected by the PPF – giving an idea of the latest ...
ACA, APL and SPP issue update on Virgin Media case
Dec 17, 2024 · The Association of Consulting Actuaries (ACA), the Association of Pension Lawyers (APL) and the Society of Pension Professionals (SPP) have issued an update on its progress to help mitigate some consequences from the Virgin Media case earlier this year.
PPF publishes first PPF 7800 Index following methodology revamp
Dec 10, 2024 · The aggregate surplus of the 4,969 schemes in the Pension Protection Fund’s (PPF) 7800 Index is estimated to have risen from £235.5bn at the end of November from a surplus of £234bn at the end of October.
Aptia partners with HSBC on pension payments
Dec 16, 2024 · The partnership between HSBC and the pensions and employee benefits administration firm will see Aptia adopt HSBC's payment pre-validation application programming interface (API), which leverages t...
Professional Pensions – UK pensions news and analysis
Jan 20, 2025 · Buzz: What should be the new pension minister's top priority? New pensions minister, impact of US economic policy on pensions and DC lifestyling alternative