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Author profile

Sebastian Cheek

Articles by Sebastian Cheek

Investment

Video: Thoresen on retirement savings crisis

Aegon UK CEO Otto Thoresen discusses new research which found people view pensions as "old-fashioned".

clock 19 January 2011 •

Investment

TPR wins Nortel Lehman Bros court battle

A financial support direction issued by The Pensions Regulator against insolvent companies is an expense of the administration and must be complied with, the High Court has ruled.

clock 10 December 2010 •

Investment

Treasury confirms pensions tax relief legislation

The government has announced it will introduce legislation in the Finance Bill 2011 to reduce the annual allowance from £255,000 to £50,000 and the lifetime allowance from £1.8m to £1.5m.

clock 09 December 2010 •

uncategorised

Webb: No override powers for pension CPI switch

Steve Webb has said the government will not give private sector pension schemes the power to override scheme rules to shift from RPI to CPI indexation.

clock 08 December 2010 •

Investment

Webb to announce RPI/CPI pension consultation tomorrow

An industry-wide consultation on the RPI to CPI switch for pension schemes will be published tomorrow, Steve Webb says.

clock 07 December 2010 •

uncategorised

Dutch to get 50% higher retirement income than Brits

The UK private pension system is 'not fit for purpose' and 'hugely inefficient' compared to its European counterparts, according to new research.

clock 06 December 2010 •

Investment

Members could sign acceptance of DB to DC scheme transfer consequences

Individuals transferring from defined benefit (DB) to defined contribution (DC)schemes could be expected to sign a statement acknowledging the potential change it may cause to their benefits.

clock 02 December 2010 •

Investment

Treasury mulls allowing annual allowance charges to be met from pension benefits

Individuals who exceed the annual allowance may be allowed to meet the tax charges from their pension benefits, a Treasury consultation paper says.

clock 30 November 2010 •

uncategorised

NEST cuts initial contribution charge to 1.8%

The National Employment Savings Trust (NEST) has reduced the upfront charge on contributions going into the scheme from 2% to 1.8%.

clock 24 November 2010 •

uncategorised

Video: Rachel Reeves questions coalition CPI switch

Labour shadow pensions minister Rachel Reeves explains to Sebastian Cheek why the government's indexation switch needs further thought.

clock 18 November 2010 •
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