Latest News from Occupational Pensions Forums

Government set to use CPI for occupational pensions

Sun, 01 Aug 2010 00:00:00 +0100

MINISTER OF STATE FOR PENSIONS Steve Webb has announced the government’s intention of using the consumer prices index (CPI) rather than the retail prices index...

FSA’s ban on GPP commissions for new contracts goes ahead

Sun, 01 Aug 2010 00:00:00 +0100

THE FINANCIAL SERVICES AUTHORITY (FSA) has decided to proceed with a ban on the payment of commission on all new group personal pension (GPP) products...

Regulator issues Nortel support order

Sun, 01 Aug 2010 00:00:00 +0100

THE PENSIONS REGULATOR has issued a financial support direction1 (FSD) against 25 companies in the Nortel Group in Canada, the US, Europe and Africa. The...

Government consults on removing annuitisation rule

Sun, 01 Aug 2010 00:00:00 +0100

THE TREASURY has launched a consultation1 on the removal of the requirement to purchase an annuity by age 75. As announced in the recent Budget...

BBC proposes controversial 1% pensionable pay cap

Sun, 01 Aug 2010 00:00:00 +0100

MEMBERS OF the BBC Pension Scheme have been told that the corporation intends to close the defined-benefit (DB) arrangement to new members as of 1