Pensions in Bankruptcy

Summary On 4 April 2012, the High Court ruled, in the case of Raithatha v Williamson that the pension of Mr Williamson, who was bankrupt, could be used to repay his creditors. Until now, it has been accepted that pension benefits are protected from creditors. However,...

Automatic Enrolment Thresholds

The Government has confirmed the following figures, relating to the new automatic enrolment obligations, for the 2012/13 tax year: £8,105 for the automatic enrolment earnings trigger, equal to the PAYE threshold, £5,564 for the lower limit of the qualifying earnings...

Update on Gender-based Annuities

Following the Test-Achats  ruling in the European Court of Justice last year, which decided that premiums for, and benefits payable under, insurance contracts must be calculated on a gender-neutral basis from 21 December 2012, the European Commission has now published...

The Pensions Act 2011

The Pensions Act 2011 received Royal Assent on 3 November.  The main changes made by the Act, in relation to occupational schemes and their employers, are to: accelerate the existing timetable for increasing the State Pension Age to 66, reflect changes to the...

Delay to Auto-Enrolment

The Government has announced a delay to the timetable for rolling out auto-enrolment.  Employers with more than 3,000 jobholders will be unaffected but those with fewer employees will not have to auto-enrol their employees until later than originally scheduled. ...