- Managers of Wealth - Europe - Wealth, private banking and asset management news and opinion

Coronavirus: Deloitte in talks to slash pension contributions

The big four accountant wants to reduce employer pension contributions for the next year, Sky News learns.

The Pensions Regulator sets out its views on valuations against a challenging backdrop

TPR notes that it will consider issuing further guidance in the autumn as the current economic uncertainty evolves.

Pension funds suffer record losses as Covid-19 hits

The majority of these losses occurred in March

Bumper year for emergency tax applied to pension withdrawals

Guidance in relation to pension protection age and employment (including re-employment) is at PTM062230

One in 10 over 55s dipping into their pension early due to COVID-19

Five things people need to consider when accessing their pension during COVID-19

Leading retirement income providers adopt HUB Financial Solutions’ Coronavirus proposals

Robust identity checks will remain in place to ensure continuing compliance with anti-money laundering rules.

Employment status and pensions – what do employers need to know?

The pensions obligations in respect of each category is something employers also need to be aware of when making their assessments.

10 Years of Rising State Pension Age

77,500 extra people are claiming the State Pension.

LEBC reacts to proposed pension tax break cuts

Their pensions will be largely dependent on investment returns.

Cross-border pension firm enters international Sipp market

James King, managing director of Trireme Pension Services (Malta), said: “In an increasingly complex environment for UK expats in particular, Trireme provides access to a quality Sipp.

Pension fund threatens to sack asset managers that ignore climate crisis

The Bristol-based organisation also criticised the sector as “not fit for purpose”, reports The Guardian.

Folksam, KLP and FPK invest via Nordic forest fund’s €500m funding round

Folksam first invested €50m into the Silvestica Green Forest fund in 2017, while KLP invested €23.9m a year later.

FCA statement on Assessing Suitability Review 2

The review is a key element of our wider strategy for the financial advice sector.

More than £2.85bn languishes in Swiss pension accounts

deVere United Kingdom and deVere Switzerland, part of deVere Group which does business in more than 100 countries globally, say the trend has soared in the recent months.

QROPS List – January 1, 2020

None of the remaining 26 financial centres hits triple figures, with Ireland trailing in third place with 68 QROPS, just ahead of Guernsey (66) and Jersey (65).

What will the Government do on Pensions in the Budget?

The manifesto promised simply to work on a sustainable long-term solution to the problem of providing social care by building cross-party consensus.

Pension costs hurt CC profits as A&O leadership sees pay increases

The firm’s pension deficit stood at £284m at the end of the financial year, slightly up on £283m the previous year

Advisers urged to prepare for investment pathways

This is in some ways similar to RU64 and the requirement to consider a stakeholder pension.

Pension Funds With $680 Billion Finally Find Their Missing Link

The distortions wrought by a policy intended to keep the krone fixed to the euro are particularly pronounced in the pension industry.

At $30 Billion, Norway’s Other Wealth Fund Is Simply Too Big

The government will now go through the fund’s proposals and consider changes to its mandate, the ministry said in an emailed comment to Bloomberg. It didn’t provide a timeline.