by Gail Higgins | Jan 24, 2014 | Uncategorized
We reported in November (here) on the Government’s proposals to implement a cap on charges levied on members in workplace pension schemes with effect from April 2014. While it is important that members of such schemes receive value for money, in the comment at...
by Gail Higgins | Jan 17, 2014 | Uncategorized
We reported last October (here) on the Pension Protection Fund’s (PPF’s) proposals for the 2014-15 levy. The PPF has now published the final Levy Determination, confirming that: the levy scaling factor will remain unchanged from 2013-14 at 0.73; the scheme...
by Gail Higgins | Jan 10, 2014 | Uncategorized
The Pension Protection Fund (PPF) has announced a delay in making Experian failure scores available to levy payers. Experian is replacing Dun & Bradstreet as the PPF’s appointed insolvency risk provider. While the insolvency scores provided by Experian will...
by Gail Higgins | Dec 13, 2013 | Uncategorized
Background In 2011, the Supreme Court found, in the case of Bridge Trustees v Houldsworth and another, that: benefits subject to a guaranteed interest rate and money purchase benefits which had been converted into a scheme pension remained money purchase benefits. ...
by Gail Higgins | Nov 29, 2013 | Uncategorized
Summary The Government wishes to ensure that the market for defined contribution workplace pension schemes provides good value, given the number of people expected to be automatically enrolled into them between 2012 and 2017, and so is considering three options for...
by Gail Higgins | Nov 15, 2013 | Uncategorized
Introduction The new régime of automatic enrolment (AE) is bringing many people who have not previously saved for a pension into the scope of workplace pensions. The OFT notes therefore that it is important to ensure that pension arrangements being used for AE, which...
