Understanding the intricacies of entitlements and distributions within pensions law can be challenging. Our expert insights and practical guidance provide the tools you need to manage member benefits effectively, ensuring compliance and optimising outcomes for your clients. Stay informed on the latest regulations and best practices to adeptly advise on contribution structures, benefit calculations, and dispute resolutions.
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...
Law360: A trade body is investigating the lawfulness of a change to the Boots Pension Scheme that means members are no longer entitled to an unreduced pension from age 60 following a £4.8bn deal the pharmacy chain struck.
Guaranteed annuity rates (GARs)What is a guaranteed annuity rate (GAR)?Many pension policies issued before 1988 offered their members a GAR.A GAR is an entitlement to a specific annuity rate which is triggered if the member buys an annuity from their pensions provider. It may give a member a higher
Indexation and revaluation of pensions—changing from RPI to CPIFORTHCOMING DEVELOPMENT: Section 10 of the Finance Act 2022 will increase the normal minimum pension age (NMPA) from 55 to 57 on 6 April 2028 (save for members of the firefighters, police and armed forces public service pension
Section 32 buy-out policiesFORTHCOMING DEVELOPMENT: Further to the Spring Budget of 15 March 2023, the Finance (No.2) Act 2023 removed the lifetime allowance charge with effect from 6 April 2023, pending the abolition of the lifetime allowance regime through the Finance Bill 2024 with effect from 6
0330 161 1234