The Pensions Regulator (TPR) is consulting over plans to publish a list of pension schemes to help small and micro employers prepare for automatic enrolment. The consultation opened on 19 November and closes on 1 December 2014. Research by TPR suggests one in five (290,000) employers in this category will not seek advice when choosing a pension […]
Synopsis: Proposed amendments to the Taxation of Pensions Bill give an outline of how death benefits under money purchase registered pension schemes will be taxed when pensions flexibility is introduced. In the summer of 2014, the Government released draft clauses for the Taxation of Pensions Bill 2014. The legislation deals with the taxation of pension […]
PENSIONS – PENSIONS ACT 2004 Synopsis: TPR Issues a report under section 89 of the pensions Act 2004 in respect of the Kodak Pension Plan. TPR has explained the novel solution that has been reached. Date posted: Friday, November 14, 2014 The Pensions Regulator (TPR) has published details explaining how it helped to facilitate an innovative rescue […]
PENSIONS – SERPS/PENSIONS – STATE SECOND PENSION Synopsis: DoH publishes draft Regulations on introduction of 2015 NHS Pension Scheme. Date posted: Monday, November 17, 2014 The Department of Health (DoH) is consulting on draft regulations relating to the introduction of the 2015 National Health Service Pension Scheme for England and Wales. The consultation closes on […]
PENSIONS – RESEARCH & SURVEY DATA Synopsis: A brief roundup of the pension market in the last week or so. PPF comments on Monarch pension scheme The PPF has issued a press release commenting on the restructuring on Monarch Group. The travel business Monarch Group has announced that it is to be sold to a London-based investment […]
PENSIONS – AUTOMATIC ENROLMENT/AUTOMATIC ENROLMENT Synopsis: TPR publishes automatic enrolment compliance and enforcement bulletin. Date posted: Thursday, October 30, 2014 The quarterly update from The Pensions Regulator (TPR) on the compliance and enforcement of automatic enrolment reveals that there were 363 cases closed between 1 July and 30 September this year, bringing the total number of cases […]
LONG-TERM CARE Synopsis: Final regulations and guidance which will support Part 1 of the Care Act 2014 are expected any day. The Act includes measures aimed at reducing the impact of care costs on accumulated wealth but recent research – and reading between the lines – suggests that many will still face considerable costs. The […]
PENSIONS – RESEARCH & SURVEY DATA Synopsis: Four Surveys by Wesleyan look at retirement aspiration of four sets of professionals. Wesleyan Assurance has recently released the results of four surveys it has undertaken into the concerns expressed by four sets of professionals; dentists, doctors lawyers and teachers which can be found here: Dentists in the dark […]
PENSIONS – PENSION REFORM 2014/15 Synopsis: Today’s papers have been reporting that George Osborne is delivering a further flexibility provision for pensions – the ability to withdraw money as you would from a bank account. Date posted: Tuesday, October 14, 2014 Today’s newspapers have been filled with pension headlines on the ability to withdraw funds […]
Synopsis: The Government are launching a campaign to highlight the changes to the State Pension, payable from April 2016, and what individuals reaching State Pension Age after that date can expect to receive under the new system. The Government has launched a new campaign aimed at workers ensuring that they understand the how the State […]
