Pension plan sponsors: What does a new DOL report on pension buyouts mean for your plan and participants? We give you the key takeaways and possible next steps in our latest compliance insight. The DOL has issued a report to Congress on Interpretive Bulletin 95-1, the DOL’s guidance governing pension buyouts by annuity providers, and it has implications for plan sponsors who are considering or have already engaged in pension risk transfers. Our insight breaks down the concerns raised in the study, the DOL’s conclusion and shares the 6 factors fiduciaries should consider when selecting an annuity provider: https://lnkd.in/efm6_8Vh #DOL #pensions #ERISA #compliance
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𝗧𝗵𝗲 𝗻𝘂𝗺𝗯𝗲𝗿 𝗼𝗳 𝗽𝗲𝗻𝘀𝗶𝗼𝗻 𝘀𝗮𝘃𝗲𝗿𝘀 𝗿𝗶𝘀𝗸𝗶𝗻𝗴 𝗮 𝗰𝗵𝗮𝗿𝗴𝗲 𝗯𝘆 𝗲𝘅𝗰𝗲𝗲𝗱𝗶𝗻𝗴 𝘁𝗵𝗲 𝗔𝗻𝗻𝘂𝗮𝗹 𝗔𝗹𝗹𝗼𝘄𝗮𝗻𝗰𝗲 𝘀𝗼𝗮𝗿𝘀 𝟮𝟬% The number of people exceeding the pension Annual Allowance increased by nearly 20% in 2021/22 when compared to a year earlier. It could mean more pension savers face an unexpected charge. Find out what you need to know about the Annual Allowance here – click the LINK IN THE COMMENTS below 👇 Contact us to arrange a meeting to talk about your goals and how you may use your assets to reach them. _____ TPD Wealth Management Ltd. | Chartered Financial Planners based in Stockport #TPDWealth #pensions #annualallowance #financialservices
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FCA approves ✅ Legal & General's first private markets LTAF. The Financial Conduct Authority has approved Legal & General's first private markets Long-Term Asset Fund (LTAF) for defined contribution pension funds. Jesal Mistry Check out Valeria Martinez's latest article 👇 https://incm.pub/3wBmdOp #pensions #pensionscheme #employeepension #finance #retirement
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Ever wondered why the scales in pension deals often seem tipped in favour of insurers? The nuances between pension funds and insurer investment strategies might hold the answer. Discover the significance of having NEDs with BPA or insurer investing experience in the mix and how they can bridge this knowledge gap. In his latest insight, Hanover Senior Partner, Alistair Brindley, guides you through these intricate financial dynamics: https://lnkd.in/eC6zkYhp #pensions #insurance #NEDs #executivesearch
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Ever wondered why the scales in pension deals often seem tipped in favour of insurers? The nuances between pension funds and insurer investment strategies might hold the answer. Discover the significance of having NEDs with BPA or insurer investing experience in the mix and how they can bridge this knowledge gap. In his latest insight, Hanover Senior Partner, Alistair Brindley, guides you through these intricate financial dynamics: https://lnkd.in/eC6zkYhp #pensions #insurance #NEDs #executivesearch
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Hi, Hello & Welcome!👋🏼 With over 30 years of experience we have one aim - to support our clients and their businesses achieve their financial goals. Offering an honest & straightforward approach whilst managing risk and long term plans. Our specialist team uniquely offer in-house pension administration, investments and savings. Ensuring our clients receive a one on one, personal service when it comes to their finances #financialplanner #financialadvice #pensions #investments
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I am pleased to share that we just released MetLife’s 2023 Pension Risk Transfer Poll. On the heels of record-setting annuity buyout activity last year, our Poll findings show why the market is expected to remain strong for the foreseeable future. Click here to learn about the catalysts driving pension de-risking, and why now might be a good time to transfer risk: https://lnkd.in/eXfZ3jRa #Pensions #PensionRiskTransfer
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How have fluctuations in volatile global markets affected your or your client’s pension fund? That’s the subject of our latest blog which provides lots of useful information, including some food for thought about the options available if your pension fund has dropped in value. It also includes a link to the UK government’s Money Helper initiative which offers free support and has lots more info. ➡️https://lnkd.in/eEaJVT4P #Pensions #MoneyHelper
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Pension Awareness Week starts on 11 September, and it’s the perfect time to learn more about your retirement savings! Discover five valuable reasons to boost your pension knowledge. https://lnkd.in/ewHeB9GQ #kdwfinancialplanning #stalbans #pensions #investments #taxplanning #mortgages #protection #speaktoyouradviser
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This should be a really interesting session. Click below to register.
Have your say at our live webcast on Tuesday at 3pm. Our panel will explore the pros and cons of both options, and what trustees and employers should be thinking about when setting and implementing strategy. Register now: https://lnkd.in/e-Y5Ess4 Download a copy of our thought leadership report “𝗛𝗼𝘄 𝗗𝗕 𝗽𝗲𝗻𝘀𝗶𝗼𝗻 𝘀𝗰𝗵𝗲𝗺𝗲𝘀 𝗰𝗮𝗻 𝘀𝘂𝗽𝗽𝗼𝗿𝘁 𝗨𝗞 𝗴𝗿𝗼𝘄𝘁𝗵 𝗮𝗻𝗱 𝗽𝗿𝗼𝘁𝗲𝗰𝘁 𝗺𝗲𝗺𝗯𝗲𝗿𝘀” here: https://lnkd.in/eVdFKfQ9 #XPSLive #PensionSchemes #Buyout #Investment #Pensions #MansionHouse | Penfida Limited
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The Financial Conduct Authority has published new guidance for firms supporting consumers with vulnerability characteristics when providing pension transfer advice. The FCA expects firms to be aware of potential vulnerability indicators, creating an environment where consumers feel they can disclose their needs, and have structures in place to provide suitable support. The guidance contains: 👥FCA’s description of consumers with vulnerability characteristics 🤓the link between #consumerduty, #vulnerability, and pension transfers and their assessment of harm. 🔬multiple case studies of what the FCA consider to be examples of good versus poor outcomes - https://pimfa.cc/YeU8a #pensions #pensiontransfers
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Senior Consultant at TAS300.org
2wCompliance with Technical Actuarial Standards 300 v2 seems to be a BIG oversight for most firms heading to buyout! Before doing so, alternative options must be considered.