The following Pensions news provides comprehensive and up to date legal information on Government urged to act on critical pension transfer delays
The following Pensions news provides comprehensive and up to date legal information on TPR’s Annual Funding Statement issues covenant warning amid tariff wars
The following Pensions news provides comprehensive and up to date legal information on Government floats fix for spiraling number of small pension pots
Qualifying Recognised Overseas Pension Schemes (QROPS)Why use a QROPS?In practice, many Qualifying Recognised Overseas Pension Schemes (QROPSs) are...
Self-invested personal pensions (SIPPs)When personal pensions were first introduced in April 1988, they could only be established by authorised...
Retirement Annuity Contracts (RAC)—older types of personal pension schemesFORTHCOMING DEVELOPMENT: Section 10 of the Finance Act 2022 will increase...
Pension commencement lump sums (PCLSs)When a member of a pension scheme becomes entitled to receive their scheme benefits, they can usually take part...
Changing to a Limited Liability Partnership (LLP)—pensions issuesA Limited Liability Partnership (LLP) is a form of legal vehicle which is incorporated under the provisions of the Limited Liability Partnership Act 2000 (LLPA 2000). It has been possible to establish LLPs in England and Wales since 6
Pension consultation requirementsEmployers are required by statute to consult with members or their representatives for at least 60 days before making a ‘listed change’ to occupational or personal pension schemes. What constitutes a ‘listed change’ is set out in the Occupational and Personal Pension
How does salary sacrifice interact with the auto-enrolment regime?What is salary sacrifice?Salary sacrifice (also called salary exchange) operates by varying an employee's terms and conditions of employment in relation to their pay. In effect, an employee agrees to give up the right to receive part
Employer duties to provide pensions to employeesAutomatic enrolment dutiesThe auto-enrolment regime, established under Part 1 of the Pensions Act 2008 (PenA 2008), imposes three key enrolment duties on employers:•to enrol all of their ‘eligible jobholders’ automatically into an ‘automatic enrolment
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