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PP Monthly Digest: March 2021

PP Monthly Digest: March 2021
professionalpensions.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from professionalpensions.com Daily Mail and Mail on Sunday newspapers.

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TPR: Only 1m individuals now accrue DB benefits

TPR: Only 1m individuals now accrue DB benefits
By
Michael Klimes
16
th March 2021
3:38 pm
Members who accrue benefits in final salary plans have halved since 2012 according to new figures.
The Pension Regulator’s annual report on DB and hybrid schemes published today reveals the decline of DB schemes over the past decade.
It builds on previous releases, focusing specifically on the population of UK occupational DB pension schemes, effective as at 31 March 2020.
The update today is based on an extract from the pension schemes register and covers 5,604 schemes.
The watchdog explains the figures reflect schemes completing the process of winding-up, scheme mergers and schemes entering the Pension Protection Fund. ....

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George Lyon: Farming sector must rise to sustainability challenge

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Newly elected NFU Scotland (NFUS) president Martin Kennedy takes over the reins of the union at a time of great challenge.
Future Scottish farm policy, new trade deals, Brexit and the environment are all piled up in his in-tray
On future farm policy Martin must hope the next Government appoint a new Farm Minister willing and able to seize the opportunity of shaping a brand-new Scottish agriculture policy rather than constantly kicking the can down the road.
Any politician worth their salt would relish the once in a lifetime opportunity of breaking free from the outdated one size fits all Common Agricultural Policy (Cap) that rewards people for owning land. ....

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PFRDA looking to introduce minimum assured return product: Chairman

PFRDA looking to introduce minimum assured return product: Chairman
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Last Updated: Mar 12, 2021, 07:18 PM IST
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Synopsis
The Pension Fund Regulatory and Development Authority (PFRDA) is working on plans to introduce innovative retirement benefit products, such as one providing minimum assured return, to attract more subscribers, its Chairman Supratim Bandyopadhyay said.
Agencies
The Pension Fund Regulatory and Development Authority (PFRDA) is working on plans to introduce innovative retirement benefit products, such as one providing minimum assured return, to attract more subscribers, its Chairman Supratim Bandyopadhyay said.
Apart from NPS and Atal Pension Yojana (APY), we propose to have some innovative products to attract more and more customers. The first product that we are targeting is a product which will have a minimum assured return, Bandyopadhyay said. He was speaking at a virtual actuarial conclave organised by the Institut ....

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Pension Schemes Act 2021: The Impact of New Criminal Liability on Restructuring and Corporate Transactions | Goodwin

THE PENSION SCHEMES ACT 2021 - The Pension Schemes Bill 2019-20 (“the Bill”) was first published on 16 October 2019. Following the dissolution of the 2017-2019 Parliament at the. ....

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