PENSION REFORM 2014/15 Synopsis: The ABI has set out what is required to make a secondary annuity market work. The ABI has set out what is needed to ensure that the Government’s plans to create a secondary market for the selling of annuities can work for consumers. In its submission to the Government’s consultation, the […]
Synopsis: This explains the impact of auto enrolment on those who directly employ personal carers. Does anyone you know directly employ a carer or personal assistant? If the answer is yes, you need to make them aware of their auto enrolment duties. All employers are legally required to automatically enrol certain staff into a pension […]
AUTOMATIC ENROLMENT Synopsis: A round up of what’s been happening at TPR during 2015 Q1. The Pensions Regulator has provided an update of recent developments relating to the world of AE, in a form of a self-appraisal. As expected, it’s been a busy start to 2015. The Pensions Regulator has begun sealing the envelopes and […]
AUTOMATIC ENROLMENT Synopsis: The PPI has issued Briefing Note 73 – Defined Contribution Default Funds and Investment Governance. The Pensions Policy Institute has issued Briefing Note 73 – Defined Contribution Default Funds and Investment Governance. The issues covered in this Briefing Note were discussed at a Round Table event hosted by the FTSE Group and Elston Consulting, in January […]
AUTOMATIC ENROLMENT Synopsis: In the coming months as part of a new campaign, TPR will write to all small and micro businesses to give them key information on automatic enrolment, including when the duties affect them. As per our Bulletin dated 28 January, all small and micro businesses are to receive letters from The Pensions Regulator (TPR) […]
GUIDANCE GUARANTEE Synopsis: The FCA has written to pension providers to explain what support they will be expected to provide for customers when they take their pension benefits under the new tax regime. The FCA has written to pension providers to explain what support they will be expected to provide for customers when they take […]
AUTOMATIC ENROLMENT Synopsis: The DWP has published a draft of the legislation necessary to remove the annual contribution limit and the transfer restrictions on NEST. Draft legislation has recently been published by the DWP to remove the annual contribution limit and the transfer restrictions on NEST. The National Employment Savings Trust (NEST) was set up […]
AUTOMATIC ENROLMENT Synopsis: This offers a brief summary of the latest DWP report on its qualitative research undertaken with employments reaching their auto enrolment staging dates between January and July 2014. In early January, the DWP published its latest qualitative research undertaken with employers reaching their auto enrolment staging dates between January and July 2014. […]
With the Workplace Pensions now up and running a number of Government departments are already looking at this as a work in progress. All UK businesses need to be aware of the need for on-going governance and due diligence, as the responsibilities ultimately lie with them. PENSIONS – AUTOMATIC ENROLMENT/AUTOMATIC ENROLMENT Synopsis: Key messages from […]
With the Workplace Pensions now up and running a number of Government departments are already looking at this as a work in progress. All UK businesses need to be aware of the need for on-going governance and due diligence, as the responsibilities ultimately lie with them. PENSIONS – AUTOMATIC ENROLMENT/AUTOMATIC ENROLMENT Synopsis: The Pensions Regulator […]
