Paul McGlone

Nearly two-thirds of respondents do not know the expected outcome for a lifetime member of their plan. Pension scheme trustees were the most likely to report that they know the expected outcomes for members of their DC Plan, with 51% of this group responding positively. HR and benefits professionals were the least likely with 88% of this group admitting they did not know the expected pension outcome for a lifetime member of their workplace DC pension plan. #DC #Pensions #HR #Benefits Aon’s DC Pension Scheme Survey is now live! Read the survey report: https://aon.io/4dcYCDs

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The Pensions Dashboards Programme is moving forward again, but will it succeed? First Actuarial’s Robert Wakefield, President of the Pensions Management Institute (PMI), asks how the industry can ensure pensions dashboards are a success. Read the article in Professional Pensions (note that you may need a subscription to access it): https://lnkd.in/d8wuS6uq

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The Surrey Pension Fund Board meets on 15 November for an overview of quarter 2 performance, as well as for updates to change management, risk register, and actuarial update 2025 valuation planning.   For the full agenda and further details, please see below 👇   #ProvidingOurCustomersWithABetterTomorrow #LGPS

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Average transfer times for defined contribution (DC) pensions are continuing to fall, according to the latest Origo Transfer Index data https://lnkd.in/evitQTw5

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The SHPS 30 September 2023 actuarial valuation results were released to employers last week. The cost of DB benefits is down by 60%, but at the same time administration costs are up by 60%.   Join our housing experts as they lift the lid on what lies behind the SHPS results and consider what it means for the housing sector and for individual housing associations.   Sign-up to our upcoming webinar here: https://lnkd.in/dqRzMTWH #SHPS #LGPS #Pensions #Actuarial 

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Dive into the latest insights from Edward Backhouse FPFS as he breaks down the pros and cons of Pensions vs Lifetime ISAs. Whether you’re planning for retirement or exploring your savings options, this comprehensive guide has got you covered. In this blog, Edward covers everything you need to know about pensions and lifetime ISAs and gives tips on workplace pensions. He also discusses the limits on how much you can contribute to your pension and offers tips on maximising your savings. Don’t miss out on this valuable read! Click here to read: https://lnkd.in/eWjgC8yX #RetirementPlanning #Pensions #LifetimeISAs

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Stuart Slegg, Head of Secure Lifetime Income at Just Group, discusses groundbreaking research that challenges the conventional approach to suitability assessments in retirement planning, specifically when combining a guaranteed income with an investment portfolio. Watch the full video and read the white paper here. #JustBlends #FinancialPlanning #InvestmentPlanning #Decumulation https://ow.ly/rfQX50R7aoI

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We know that financial uncertainty always requires a step forward, especially when it comes to pensions and retirement plans. Our pensions and retirement professionals bring together transforming, restructuring and turnaround strategy to help clients to transform their pension strategies using extensive industry expertise. Visit our website to see all the services we offer: theecosysbiz.com 🌐 #finance #financialplanning #ecosysbiz

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As RPBs increase their interest in IPs checking RP15 claims, here our Managing Director Darren Toms Pensions and ERA Specialist sets out his views as to why pension providers are not best placed to calculate and submit unpaid pension contribution claims #pensions #insolvency #employees

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Did you join in the conversation this Pension Awareness Week 2024?    In our third year as an ambassador for Pension Awareness Week, we joined the Pension Geeks on Wednesday morning to run a retirement reality check. Reflecting on research commissioned by the Living Wage Foundation, Isio's Paul Moffatt addressed the steps you can take towards achieving the lifestyle you want in retirement.   Watch the full session here: https://lnkd.in/eDfssJyS   #pensionawareness #retirementplanning #PAW24

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PASA releases Guidance on preparing for the change to NMPA PASA today published Guidance on preparing for the change to Normal Minimum Pension Age (NMPA) ahead of the increase to age 57 from 6 April 2028. Mark Ormston, Chair of the PASA Industry Policy Committee, commented: “Although the increase on NMPA is three and a half years away, trustees and administrators should take action now to prepare for the change and ensure people with a PPA are treated fairly. This Guidance is designed to support trustees and administrators to: ·       identify scheme members with a Pension Protected Age (PPA) who will be impacted by the change in NMPA ·       deal with transferred in PPAs ·       understand how these changes differ to the last NMPA increase in 2010 ·       provide a checklist of actions which should be taken now to prepare for the new legislation We do expect further ‘transitional regulations’ from the Government to address minor consistencies. PASA will keep a watching brief on this and update the Guidance as new information becomes available.” The new PASA Guidance ‘Preparing for the change to NMPA’, can be found here - https://lnkd.in/ga64NtPR   PASA thanks the members of the Industry Policy Committee and their employers.

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While Objectives and Key Results have become popular and can be effective, merely implementing them is not enough. Jeremy Yancey informs readers in, 'OKRs Need a Champion to Get Results'. #insurance https://lnkd.in/edbAyDyQ

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Paraplanning and technology have long had a complex relationship, but what exactly drives paraplanners to switch platforms, recommend new tools, or work with AI? Find out in our latest Paraplanner Survey Report 2024: http://spr.ly/6043WgwLl

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Budget uncertainty fuels surge in pension and CGT client calls Advisers are dealing with a surge in demand ahead of the 30 October Budget speech with potential changes to pensions and capital gains tax (CGT) fueling client anxiety. Rachel Vahey. Check out Jenna Brown's latest article 👇 https://incm.pub/4fbwfX8 #financialadviser #investment #investmentmanagement #finance

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Following pensions awareness week, momentum continues to build in the pensions industry to close the gender pensions gap. Pension Technical Manager, Caitlin Southall spoke with Professional Paraplanner about how third-party contributions could offer a good opportunity to help narrow the gap, and aid couples’ retirement planning. Read Caitlin's article > https://hubs.li/Q02P4VNB0 #genderpensionsgap

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Are your clients’ pension nominations up to date? Outdated or missing nominations can complicate pension trustees' decisions, potentially leading to delays in benefit distribution. Join our Senior Technical Consultant, Lisa Webster, as she delves into the potential implications of failing to maintain updated nominations ⏳ https://lnkd.in/ePDpPWEn

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