Continued transfer value stability over August

Welcome to the first edition of XPS Express for Employers. Our regular, bite-size insights into current issues affecting your employees’ pensions. We focus on actions employers can take to improve outcomes for members while controlling cost

On 6 September 2018, the Court of Justice of the European Union (CJEU) ruled that the current level of compensation payable by the Pension Protection Fund (PPF) does not meet the requirements of EU law. This judgment has potentially significant

Xafinity Sipp Services, part of the XPS Pensions Group, has reported assets under administration hit £2bn during the year ending 31 March 2018 with bosses boasting they had avoided the route taken by rivals. The firm’s

The “all or nothing decision” members are being forced to take while transfer activity “has gone through the roof” is leaving schemes open to numerous risks when partial transfers could be better for all parties, said

The state pension is something many Britons will rely on claiming to live comfortably later in life. However, the facts surrounding pensions can be very complicated and difficult to understand. There are two types of pension,

A dying mother spoke of her joy yesterday after a U-turn by defence chiefs means her two young children will benefit from her pension after all. Former Royal Air Force linguist Samantha McConnell, 46, has six

Paul Cuff, co-CEO of XPS Pensions Group, said: “We are delighted to announce these two deals today. They are both consistent with our strategic focus on our core market of workplace pensions. The acquisition of the

The markets have been consumed by the escalating US/China trade discussions with substantial tariffs being levied by the US on goods and services totalling $200 bn of imports. The US has managed to upset Europe as well, seemingly doing a u-turn on last

In this issue of XPS Pensions News, we consider whether trustees could help members by introducing a ‘partial transfer’ option, avoiding a stark all-or-nothing transfer decision. The previous edition of XPS Pensions News highlighted the current high level

The decision to leave the European Union creates new opportunities for the UK, the world’s 5th largest economy, to redefine how it wishes to trade with the rest of the world in the future. But with it comes uncertainty, particularly

Trustees of schemes providing defined contribution (DC) benefits are required to prepare an annual governance statement (known as a ‘Chair’s Statement’) within seven months of the scheme year end. Failure to do so can result in

Being an actuary is the best job you probably haven’t heard of. It is an intellectually challenging, highly respected career path that allows you to apply maths, economics, and risk management to real life business situations.

In perhaps an ironic twist last month, Northumbria Police was found guilty of not doing enough to protect one of its officers from the risk of becoming the victim of a pension scam. As a result, they were

Pension transfer values as measured by the XPS Pensions Group Transfer Value Index remained stable during July 2018, with the index finishing the month where it started. The index stood at £233,000 both at the end

A recent report by insurer Royal London said that homeowners need to save a whopping £260,000 into their pension pot to have a ‘decent’ standard of living in retirement. That might sound a figure way outside

Pension scheme members could run out of money seven years earlier if they have chosen the wrong retirement vehicle under pension freedoms, a report by XPS Pensions Group has warned. The Member Outcomes under Freedom and

This year has seen many headlines on the surge in members transferring out of occupational pension schemes in the wake of the freedom and choice legislation. Yet there has been little focus on what this has