by Gail Higgins | Mar 17, 2017 | Uncategorized
Summary The Defined Benefit (DB) Taskforce has released its second report, which focusses on consolidation of pension schemes. This report focusses solely on consolidation, to varying degrees along the lines mentioned in the Government’s Green Paper,...
by Gail Higgins | Mar 3, 2017 | Uncategorized
Introduction The Department for Work and Pensions (“DWP”) has published its Green Paper: Security and Sustainability in Defined Benefit (“DB”) Pension Schemes. This is largely in response to reports issued by the Defined Benefit Taskforce and...
by Gail Higgins | Dec 16, 2016 | Uncategorized
The Government has confirmed the following figures, relating to automatic enrolment obligations, for the 2017/18 tax year: £10,000 for the automatic enrolment earnings trigger, unchanged from 2016/17, £5,876 for the lower limit of the qualifying earnings band, equal...
by Gail Higgins | Dec 2, 2016 | Uncategorized
The Government is consulting on: the changes contained in the draft Occupational Pension Schemes and Social Security (Schemes that were Contracted-out and Graduated Retirement Benefit) (Miscellaneous Amendments) Regulations 2017, secondary legislation which has been...
by Gail Higgins | Nov 4, 2016 | Uncategorized
Summary The Defined Benefit (DB) Taskforce has released its interim report. Its key findings are: DB schemes matter to the economy – £1.5 trillion invested through DB schemes supports the UK economy through investment in businesses and infrastructure and by...
by Gail Higgins | Oct 28, 2016 | Uncategorized
The Government has announced that plans for creating a secondary annuity market with effect from April 2017, have been scrapped. Such a market would have allowed individuals who have bought annuities under Defined Contribution schemes to sell those annuities, either...
