by Gail Higgins | Oct 21, 2016 | Uncategorized
Summary John Cridland has published his interim report on the review of State Pension Age (SPA). The scope of the review is limited to those reaching SPA after April 2028. Amongst other issues, the review considers the question of whether a universal SPA remains...
by Gail Higgins | Sep 30, 2016 | Uncategorized
The PPF has announced that it expects the 2017/18 levy to total £615 million. This is the same as the original estimate for 2016/17, although the PPF expects individual schemes to see changes to the amount of their levy invoice. Most schemes are likely to see an...
by Gail Higgins | Sep 9, 2016 | Uncategorized
On 5 September HMRC announced a further extension to the period during which companies with defined benefit pension schemes may continue to operate the existing regime for recovery of VAT on scheme costs (under which the company may reclaim 30% of the VAT charged on...
by Gail Higgins | Aug 19, 2016 | Uncategorized
On 3 August the Monetary Policy Committee of the Bank of England voted unanimously to reduce base rate to 0.25% per annum and, by a majority, to extend the Bank’s asset purchases (“Quantitative Easing”) by £70 billion to £445 billion. The...
by Gail Higgins | Jul 8, 2016 | Uncategorized
Summary On 23 June the UK people voted to leave the European Union and this has had a significant impact on markets, particularly: Gilt yields and the expected path of future interest rates, expected inflation, the value of Sterling and expected economic growth....
by Gail Higgins | May 27, 2016 | Uncategorized
The Pensions Regulator issued its annual funding statement for defined benefit schemes on 13 May 2016. This sets out the Regulator’s views on acceptable approaches to the valuation process for schemes with valuation dates between 22 September 2015 and 21...
