The introduction of personal pensions in 1987 was heralded as offering new choices for self-employed and employed individuals. However, it soon became apparent that the...
Investment-regulated pension schemes (IRPSs) are a particular category of registered pension schemes that are subject to additional controls on the asset classes that can...
Statutory development of personal pensions Retirement annuity contracts were the predecessor to personal pensions. They were introduced by the Finance Act 1956 to ensure...
Personal pension schemes—central role in private pensions sector Personal pension schemes, in their various forms, play a central and important role in the UK private...
What is a section 32 buy-out policy? A term which may be often heard within the pensions arena is that of the ‘section 32 buy-out policy’—also sometimes referred to as a...
FORTHCOMING DEVELOPMENT: Following the publication of a discussion paper (DP18/1)on the effectiveness of competition in non-workplace pensions (including self-invested...
FORTHCOMING DEVELOPMENT: Following the publication of a discussion paper (DP18/1)on the effectiveness of competition in non-workplace pensions (including stakeholder...
ARCHIVED: This Practice Note has been archived and is not maintained. With effect from 8 October 2001, the Welfare Reform and Pensions Act 1999 (WRPA 1999) introduced an...
The obligation on employers to designate and facilitate access to a stakeholder pension scheme (as set out in section 3 of the Welfare Reform and Pensions Act 1999 (WRPA...