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Ghosts of pension practices past

Joan Whybray

In pensions more than other industries, the past is not dead; in fact, it is not even really past! This is a point which haunts administrators and trustees in a number of guises on a day to day basis. For example, older schemes will be familiar with the problem of locating previous rules, which usually govern the benefits of members who left while such rules were in effect. If you can’t locate these rules, how do you establish the correct benefits for those members? The same problem arises in respect of old member communications and booklets. How can you know what members have been promised if you can’t locate the right documents? Read the rest of this entry »

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Farewell to Steve Webb

Däna Burstow

Whatever I might feel about the outcome of the election, of one thing I am sure – that the pensions industry is a poorer place without Steve Webb as pensions minister. He really rolled up his sleeves to get to tackle the issues we face and listened with open ears.  Read the rest of this entry »

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Pensions Ombudsman decisions: which would you undo?

Jessica Ferrari

We were recently asked by a client which Pensions Ombudsman (PO) decisions we would like to undo. It’s an interesting question, especially in light of the fact that May 2015 will see Antony Arter replace Tony King as PO. Read the rest of this entry »

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What’s next for pensions in 2015?

Stephen Richards

This year the government announced sweeping changes to the law governing occupational pension schemes. Most notably, people will no longer be required to buy an annuity with their money purchase pot. We will also see the introduction of caps on member charges, a requirement for members to receive guidance before retirement and a continually growing governance structure for money purchase schemes. In this blog I will take a look at some of the latest big ideas for pensions and give my predictions on whether the government will be proposing them in 2015. Read the rest of this entry »

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Investments, pension funds and statistics: more or less misleading?

Derek Sloan

One of my favourite radio programmes is More or Less, a Radio 4 programme that looks at statistics bandied about in public and examines them. Often (but not always) the emperor is found to be wearing no clothes (if you will forgive the stretched metaphor). There seems to be a rule about statistics that repetition gives the statistic authority, and the more it is repeated the less it is likely to be examined – so it’s often a good idea to check them out early on. Read the rest of this entry »

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