TPR Guidance on Transfer Incentives

Introduction Over the last few years, some employers who sponsor closed defined benefit schemes have sought to reduce their scheme liabilities by offering members an incentive to transfer their benefit entitlement out of the scheme.  The incentive may be either a cash...

Auto-Enrolment and NEST

The Pensions Act 2008 introduced a requirement for employers to offer their workers a pension arrangement – with compulsory contributions – with effect from 2012.  The actual date the requirement comes into effect varies by employer, with generally larger...