So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap, ‘pension freedoms or consultations around ‘value for money , says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).Download
In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.Download
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Pension superfunds face their moment of truth
Consolidators combine multiple employers’ schemes under one roof and are expected to do their first deals later this year
10 January 2021 • 4:00pm
Collapsed retailers such as House of Fraser, Debenhams and Arcadia group, owner of Topshop and Miss Selfridge, could all be early candidates for superfunds
When department store BHS went bust in 2016, it left behind not only the shell of a once proud British retailer, but a £571m hole in the pension fund intended to look after former staff in their retirement.
Its former owner, Sir Philip Green, who sold the chain for £1 a year earlier, eventually paid more than £350m to help plug the gap after intense pressure from MPs and regulators.
Driveway tolls: The new rage?
Durango, Colorado Currently Fri 1% chance of precipitation 1% chance of precipitation 1% chance of precipitation
Monday, Dec. 14, 2020 5:03 AM Look how well this driveway toll thing is working! OK, Action Line put a little “seed money” in here. The gargoyle will guard it, or at least keep the rain off. What could possibly go wrong? Action Line
Driveway tolls: The new rage? Look how well this driveway toll thing is working! OK, Action Line put a little “seed money” in here. The gargoyle will guard it, or at least keep the rain off. What could possibly go wrong?