by Gail Higgins | Jul 26, 2013 | Uncategorized
The Pensions Bill, dealing mainly with the introduction of the single-tier State Pension and the increase in State Pension Age to 67, is making its way through Parliament. Its next stage is the report stage prior to the third reading in the Commons. Since our...
by Gail Higgins | Jun 28, 2013 | Uncategorized
Compensation paid by the PPF is subject to a cap (currently £31,380 per annum) for scheme members who are below normal pension age at the date their scheme enters the PPF. The cap was introduced in order to protect the PPF against senior executives awarding themselves...
by Gail Higgins | May 20, 2013 | Uncategorized
With effect from 20 May 2013, the UK Takeover Code provides that trustees of defined benefit pension schemes whose sponsoring company is the subject of a takeover bid are entitled to: receive information about the bidder’s plans for the scheme and publicise to...
by Gail Higgins | Apr 26, 2013 | Uncategorized
Summary Automatic transfers will take place between money purchase schemes. A pot will be eligible for automatic transfer: either once all contributions have ceased and the individual has left employment or once all contributions have ceased for a prescribed period,...
by Gail Higgins | Apr 12, 2013 | Uncategorized
The DWP is consulting on changes to the Disclosure of Information Regulations in order to harmonise, simplify and consolidate the requirements. The changes are set out in the draft Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013,...
