by Gail Higgins | Oct 23, 2015 | Uncategorized
The Equality Act 2010 contains a dispensation for occupational pension schemes, which allows them to calculate dependants’ pensions for surviving civil partners and same-sex spouses based only on service since December 2005, plus an addition of 50% of the GMP...
by Gail Higgins | Sep 11, 2015 | Uncategorized
With effect from 1 October 2015 defined contribution schemes will no longer have the ability to pay a refund of contributions to a member who leaves the scheme within two years, unless he has less than 30 days’ membership. Background Since 1988 members of...
by Gail Higgins | Jul 24, 2015 | Uncategorized
The International Accounting Standards Board (IASB) is proposing changes to IAS 19 and IFRIC 14 – the international accounting standards that govern the way in which companies account for their defined benefit pension scheme and other post-retirement benefits....
by Gail Higgins | Jul 10, 2015 | Uncategorized
As heralded widely in the run-up to the General Election, in the Summer Budget, delivered on 8 July, George Osborne confirmed the introduction of a transferable £175,000 Inheritance Tax allowance for a family home, on top of the existing threshold. This is to be paid...
by Gail Higgins | Jun 12, 2015 | Uncategorized
The Pensions Regulator has issued its annual funding statement, setting out its expectations of valuations with effective dates between 22 September 2014 and 21 September 2015. Managing risk The Regulator expects trustees to understand their scheme’s sensitivity...
by Gail Higgins | Apr 2, 2015 | Uncategorized
The Finance Bill received Royal Assent on 26 March. This Act includes details of the changes to the distribution and taxation of defined contribution benefits on the death of a member. However, the reduction in the Lifetime Allowance to £1 million, that George...
