Understanding compliance with automatic enrolment obligations can be challenging. Delve into the essential requirements, key deadlines, and practical solutions to common challenges. Equip your clients with robust strategies to ensure their pension schemes meet statutory obligations and avoid potential pitfalls. Stay informed on recent legislative updates and best practices to effectively guide employers through the automatic enrolment process.
The following Pensions news provides comprehensive and up to date legal information on Government consults on local government pension fixes to tackle discrimination
The following Pensions news provides comprehensive and up to date legal information on Government urged to reform scam rules amid widespread pension transfer delays
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 employees’ pension arrangements by contractual variationEmployees’ pensions rights under an occupational pension scheme can be categorised as:•pension rights arising under the trusts of the relevant pension scheme, and•contractual terms arising under the employees’ employment contract
Pensions and the employment contractEmployer-sponsored pension schemes are essentially tax-advantaged savings vehicles whereby employers can make provision for the financial needs of employees and their dependants in later life. Unsurprisingly, the employer-employee relationship, as dictated by the
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
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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