Pensions History

In November 2021, the Pensions Management Institute celebrated its 45th anniversary. All anniversaries prompt reflection on the past and thoughts about the future, but to pensions professionals, ...

The Association of Consulting Actuaries was formed over 70 years ago. Its evolution was documented in a short history of the Association, written by Ron Abbott and published in October 1991 to ...

September’s Pensions Awareness Week is the 10th anniversary of a campaign to encourage everyone to get to grips with retirement savings. Although not a new idea, pensions education has never ...

The first day of the battle of the Somme, one of the bloodiest of the First World War, was on 1 July 1916. The pension treatment of servicemen and dependants in that and other conflicts is an ...

In June 2005, the Pensions Regulator’s second Code of Practice came into force. Dealing with Notifiable events, it followed hard on the heels of the first Code, issued three months earlier.

On 17th May 1990, the European Court of Justice handed down its judgement in the celebrated case of Barber v Guardian Royal Exchange. Mr Barber had been dismissed at age 52 and awarded a ...

On 6 April 2006, a new pensions tax regime came into force introduced by the then Labour government. ‘A -day’ created a single framework to replace the eight different regimes which had ...

In March 2020 the Pensions Regulator published guidance to pension trustees about the conflict in Ukraine. Noting that schemes were adopting a range of responses, from writing down the value of ...

By February 2018, all employers had to comply with the auto-enrolment requirements of the Pensions Act 2008. The objective was to increase the number of employees who were accumulating workplace ...

The value of pension rights only seeped into public consciousness towards the end of the last century. The personal finance columns of popular newspapers began to highlight the importance of ...

Pensions tend to loom in the public consciousness if expectations are disappointed, legal or regulatory constraints misunderstood, or because there is not enough money. All featured when ...

On 1st October 2011, after a transitional period, the Default Retirement Age of 65 was finally abolished. Employers could no longer compel employees to retire at 65 without objective ...