
CMS Pensions
@CMS_UK_Pensions
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CMS's award-winning UK pensions law team. Highlighting the latest legal and industry news.
United Kingdom
Joined July 2015
According to @hymansrobertson, the value of the #bulkannuities market could reach an all-time high of £25bn for the first time in H1 2023 #CMSPensions.
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#Overpaidtax on #pensions has nearly doubled compared to last year, with .@HMRCgovuk returning more than £56mn in to savers who accessed their pensions in the second quarter of 2023 @FTAdviser #CMSpensions.
ftadviser.com
HM Revenue & Customs has returned more than £56mn in overpaid tax to savers who accessed their pensions in the second quarter of 2023.
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RT @TPRgovuk: If your clients employ casual staff with variable hours, find out more about their legal duties for automatic enrolment on ou….
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.@HMRCgovuk published a policy paper with draft Finance Bill measures and an explanatory note on #pensionstaxrelief, aimed at changing how administrators use #reliefatsource arrangements to claim #taxrelief on member contributions from April 2025
gov.uk
This measure is about the necessary changes to the legislative framework to modernise the way registered pensions schemes, using relief at source arrangements, claim tax relief on members’ pension...
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According to @StandardLifeUK July 2023 #annuitytracker, annuity rates have increased by 20% in the twelve months to June 2023, which has increased lifetime income by £25k for a 65 year old man and £27.9k for a 65 year old woman @ActuarialPost #CMSPensions.
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Around one third of FTSE 350 DB schemes are fully funded on a buyout basis according to analysis from @BW_LLP. The report suggests schemes should build trust with insurers to fully understand the expected timescales of a buyout #CMSPensions.
view.barnett-waddingham.co.uk
Twelve months of seismic shifts have altered the endgame journeys of many FTSE 350 DB pension schemes.
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We had a fantastic time at the first day of the England-Australia 4th Test of Ashes 2023 series at Old Trafford today! Thank you to everyone who joined us! #CMSPensions #Ashestest
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.@AeonInvestments research shows that 26% of global institutional investors, including pension funds, plan to protect themselves against inflation through increasing allocations to illiquid assets over the next 2 years #CMSPensions @PensionsAge.
pensionsage.com
Pension funds and other institutional investors are planning to increase their allocations to illiquid assets over the next two year to help protect them against rising inflation and interest rates,...
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RT @PensionsDboards: Government, in consultation with MaPS, TPR and FCA, will decide the date that pensions dashboards will be made availab….
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.@LCP_Actuaries' analysis reveals progress in gender diversity on master trust boards but in other key respects (age and ethnicity), they are much less representative of scheme membership. Read more: @actuarialpost #CMSPensions.
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The Pensions Minister, Laura Trott, has announced that an update on the DB Funding Code Regulations can be expected in the autumn, following recommendations from the @DWPgovuk. Read more: @PensionsAge #CMSPensions.
pensionsage.com
Pensions Minister, Laura Trott, has said that the government is looking to provide an update on the Defined Benefit (DB) Funding Code Regulations in the “autumn”, stressing the need to get both this...
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Check out all of our CMS Pensions LawCast episodes at: to find out the latest about key issues in the #pensions sector from our experts. Recent topics covered include the DB Funding Code and Residual Risks #CMSPensions
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.@PPF 22-23 Annual Report shows significant progress against its Strategic Plan, with an uplift paid to the majority of #PPF and #FAS members following the Hampshire judgment and a £12bn reserve which is expected to reduce the scheme #levy #CMSPensions.
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New research from @TheIFS shows that those who left the workforce during the pandemic may have been ‘forced’ into #earlyretirement, with an associated hit to their living standards and well-being #CMSPensions.
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.@TPRgovuk has published its 22-23 Annual Report, outlining its strategic priorities including the security and value of savers’ money, its commitment to #EDI and the need for it to be “bold and effective” #CMSPensions.
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RT @TPRgovuk: Please have your say on our statistical report. You can access the survey in the purple banner at the bottom of this page: ht….
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A poll by @xpsgroup has revealed that only 30% of pension scheme representatives are currently supportive of Government plans to encourage pension schemes to invest for growth and suggests that broader engagement is needed. #CMSPensions.
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.@TPRgovuk has confirmed plans to update its #definedcontribution guidance after emphasising the need for a “shift in mindset” to deliver value for money for members.
blog.thepensionsregulator.gov.uk
The Pensions Regulator supports innovation in pension savers’ interests. This is why we welcome the government’s Mansion House Reforms package of pensions measures.
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.@CommonsWorkPen has been told that @TPRgovuk will enforce the proposed staging guidance for #pensionsdashboards. #CMSPensions.
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