Tag Archives: pensions

Cross Keys Homes awarded Pension Quality Mark Plus

Cross Keys Homes, Peterborough’s largest housing association, has become the first employer offering its staff membership of the Defined Contribution section of the Social Housing Pension Scheme (SHPS) to obtain the Pension Quality Mark. Lisa Glendye, head of HR at Cross Keys Homes, said: “We are delighted to have been awarded the Pension Quality Mark […]

First Actuarial Strengthens Investment Consulting Practice

Mike Smaje has joined First Actuarial LLP as Director of Investment Services. Formerly a senior investment consultant and actuary with Towers Watson, Mike has 19 years’ industry experience. He will be based in First Actuarial’s Leeds office. First Actuarial Founder, Michael Hulme-Vickerstaff commented: “We are delighted to welcome Mike on board. His experience will be […]

Fair and Sustainable Public Sector Pensions

Ahead of the planned strikes on Wednesday I thought I’d post a few thoughts on public sector pensions. I think of myself as being one of the few people that aren’t firmly on one side of the argument on this. I’m a taxpayer on one hand but defender of defined benefit pensions on the other. […]

First Briefing – Resticting Pension Tax Relief

Introduction In the “Restricting Pensions Tax Relief, Oct 2010” Briefing we covered the Government’s proposals for changes to the pension tax regime insofar as they were known at that stage. Legislation has now been enacted to effect those changes and this Briefing provides an update on the position and focuses on some of the finer […]

Guaranteed Minimum Price-tags (GMPs)

We’ve recently had the 21st anniversary of one of the most profound judgements in pensions, the Barber ruling. This was the judgement that meant that from 17 May 1990 pension benefits accruing for men and women had to be equal; the main impact being on retirement ages. Up until this point most schemes operated on […]

They’re never gonna believe us – we won the Monkey League

It’s been a proud day in Tapper Towers as Oliver has been crowned king of the First Actuarial Monkey League, beating off 150 rivals including his Dad (35th), Marian Elliot (20th) , Sebastian Cheek (122nd) ,Tom Selby (25th) and Andy Hucks (31st)- a small selection of the League’s diverse membership. You can read all the […]

F1rst Briefing – Pensions tax relief: actions needed

Introduction In the “Restricting pensions tax relief, Oct 2010” Briefing we mentioned that the Annual Allowance is reducing from its current level of £255,000 to £50,000 on 6 April 2011. By way of reminder, the Annual Allowance (“AA”) is the maximum amount of pension savings an individual can make in any one tax year without […]

What really matters – DC outcomes

What surprises us about current DC consulting is how little good it does; three of us sat down yesterday to work out how our firm could do something to improve the pensions arising from DC saving. We organised our thinking around the past, the present and the future. The Past Corporate DC pensions in the […]

F1rst briefing – Contingent Assets and SPVs

Background In the current economic climate, many pension scheme shortfalls have increased leading to a greater demand for contributions. However, at the same time, many employers are finding the cash required for higher contributions hard to come by. An increasing number of sponsoring employers and trustees are therefore considering the use of contingent assets and […]

F1rst briefing – Monitoring Employer Support

Background The Pensions Regulator has issued new guidance for trustees of occupational defined benefit pension schemes to help them assess, monitor and take action on the covenant of their scheme’s sponsoring employer. The new guidance brings together into one framework the support provided by scheme sponsors through employer covenant, and the additional security which may […]