by Gail Higgins | Dec 13, 2013 | Uncategorized
Background In 2011, the Supreme Court found, in the case of Bridge Trustees v Houldsworth and another, that: benefits subject to a guaranteed interest rate and money purchase benefits which had been converted into a scheme pension remained money purchase benefits. ...
by Gail Higgins | Nov 29, 2013 | Uncategorized
Summary The Government wishes to ensure that the market for defined contribution workplace pension schemes provides good value, given the number of people expected to be automatically enrolled into them between 2012 and 2017, and so is considering three options for...
by Gail Higgins | Nov 15, 2013 | Uncategorized
Introduction The new régime of automatic enrolment (AE) is bringing many people who have not previously saved for a pension into the scope of workplace pensions. The OFT notes therefore that it is important to ensure that pension arrangements being used for AE, which...
by Gail Higgins | Oct 18, 2013 | Uncategorized
The Pensions Regulator has published new versions of Codes of Practice 5 and 6, which deal with reporting late payment of contributions to occupational pension schemes and personal pension schemes, respectively. We concentrate here on occupational schemes and the...
by Gail Higgins | Oct 4, 2013 | Uncategorized
The Board of the Pension Protection Fund (PPF) has confirmed its intention not to change the levy rules for 2014/15. This is in line with its policy (introduced for the 2012/13 levy) to set the levy rules for three years at a time in order to reduce volatility in...
