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...
Duties of pension trusteesSTOP PRESS: On 10 January 2024, the Pensions Regulator (TPR) published the long-awaited general code of practice which merges and updates ten of its existing codes of practice into a single code made of ‘51 shorter, topic-based modules’. TPR say this new format will make it
Corporate trustees—articles of association of a pension trustee companySTOP PRESS: On 10 January 2024, the Pensions Regulator (TPR) published the long-awaited general code of practice which merges and updates ten of its existing codes of practice into a single code made of ‘51 shorter, topic-based
Overpayment of pension benefitsTHIS PRACTICE NOTE APPLIES TO TRUST-BASED OCCUPATIONAL PENSION SCHEMESThis Practice Note focuses on overpayments of benefits to scheme members. For information specific to overpayments of contributions by members and employers into the scheme, see Q&A: When can
Discretionary decisions—what must pension trustees do?THIS PRACTICE NOTE APPLIES TO TRUSTEES OF ALL PENSION SCHEMESA power is a legal authority conferred on a person to deal with, and dispose of, property which is not their own.Most trust-based occupational pension schemes confer powers on their
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