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,...
by Gail Higgins | Mar 22, 2013 | Uncategorized
On 14 January, the Department for Work and Pensions (DWP) published its White Paper outlining proposals to reform the State Pension into a single-tier benefit. It announced that the new single-tier pension would not be introduced before April 2017 and will apply only...
by Gail Higgins | Mar 21, 2013 | Uncategorized
From April 2013: the Government has confirmed that the top rate of Income Tax will be reduced from 50% to 45%. From April 2014: the Personal Allowance for Income Tax will reach the Lib Dems’ target of £10,000. It will be increased in subsequent years in line...
