List: The DC and DB benefits being targeted for IHT purposes from …
In today's (30 October) Budget, the government confirmed that pensions and death benefits passed on will be subject to IHT from 2027, with both DB and DC schemes impacted.. A technical consultation released alongside the Budget has revealed how wide-ranging the new rules are likely to be – with dependents' annuities and DB lump sum death benefits among those in scope.
People Moves: Week ending Friday 20 December 2024
Dec 20, 2024 · Image: (Top row L-R:) Camilla Egginton, Nick Roy and Allie Jenkin (Bottom row L-R:) Ian Mylrea, Jo Donnelly and Victoria Willmott
Autumn Budget 24: Inherited pensions to face IHT from 2027
Oct 30, 2024 · Pensions and death benefits passed on will be subject to inheritance tax (IHT) from 2027, with both defined contribution and defined benefit schemes impacted, chancellor Rachel Reeves has confirmed in today’s (30 October) Budget.
Schemes pause appointing professional trustees ahead of 2025 …
Jan 6, 2025 · HS Trustees recently conducted a survey of consulting firms to understand the flow of new tenders for professional trustees in 2024 and into 2025.
L&G set to return PRT capital to shareholders as result of low …
Dec 4, 2024 · Legal & General (L&G) is set to return a proportion of the capital it had allocated to pension risk transfer (PRT) business in 2024 after a largely gilts-based investment strategy led to it investing less than expected in this area of business during the year.
Aptia formally launches after admin buyout from Mercer
Jan 8, 2024 · The firm - which will have around 1,100 clients supporting more than seven million people with health and wealth administration - was formed with the backing of Bain Capital Insurance last June and included more than 3,500 employees across the UK, US, India, and Portugal.. The business is headed by chief executive Bala Viswanathan, the former chief operating officer of Mercer, and group chair ...
Webinar: The PPF Purple Book - View on demand now
Dec 10, 2024 · In an exclusive webinar, which was held on 5 December, PP editor Jonathan Stapleton was joined by PPF chief actuary & interim chief financial officer Shalin Bhagwan and PPF actuary James Emmott to discuss the latest edition of the Purple Book.. The annual survey of scheme finances paints a holistic picture of the risks posed by UK defined benefit (DB) schemes protected by the PPF – giving an ...
Professional Pensions – UK pensions news and analysis
5 days ago · Tender Watch: SYPA appoints Northern Trust as custodian. LGPS pool appoints Northern Trust as custodian for South Yorkshire Pension Fund
Rising Star Awards 2024 - The winners!
Nov 15, 2024 · The Rising Star Awards aim to celebrate the emerging talent in pensions, recognising our industry's future leaders as well as the organisations that are developing and nurturing the talent.
PPF levy decision delay sparks hope of charge reduction or abolition
Dec 13, 2024 · The Pension Protection Fund (PPF) is delaying a decision on the size of the levy on sponsoring employers for 2025/26 – raising hopes in the industry the charge will be reduced or abolished altogether.