Changes to CETVs
Having considered the responses to its consultation paper, the Pensions Regulator has today published final guidance to assist trustees in calculating transfer values in defined benefit schemes. From 1...
View ArticleCompany pension protection rules to be reviewed
The government is to review legal safeguards preventing unscrupulous employers from walking away from their pension schemes, after complaints the rules hinder legitimate corporate reorganisations....
View ArticlePPF CONFIRMS LEVY ESTIMATE FOR 2009/10
The Pension Protection Fund (PPF) has confirmed that it has set a pension protection levy estimate of £700 million for 2009/10. This fulfils a promise made in August 2007 when the PPF said that it...
View ArticlePPF OPENS ITS DOORS TO HUNDREDS MORE PEOPLE
The PPF took one scheme under its wing last month (November), resulting in a further 402 people around the UK now receiving compensation – or will do so in the future. Bonas Group Pension Scheme...
View ArticlePension – Personal Accounts
The Pensions Act 2008 provides the legislative framework for the government’s pension reform. It is planned by 2012 that the provisions of the Act will require all employers to provide a workplace...
View ArticleKEY FACTS
Men retire on average at the age of 64.6 and women at 61.9yrs The state pension age for women will gradually rise from 60 to 65 between 2010 and 2020 For men and women, the state pension age will rise...
View ArticlePPF ANNOUNCES COMPENSATION CAP FOR 2009/10
The compensation payable to defined benefit pension scheme members, whose employers have gone bust, will be capped at £31,936.32 for people aged 65, the Pension Protection Fund announced. This figure,...
View ArticleClosing the Pension Gap
Pension sharing orders have been extremely useful tool since their introduction a decade ago, particularly in relation to public sector schemes such as those provided through the armed forces or...
View ArticlePension safety net keeps levy but warns of hike
A UK government-backed agency which pays pensions for workers whose employers go bust said on Tuesday it will keep the charge it levies on company pension schemes stable for the year 2010/2011 but...
View ArticlePensioners in UK have fourth highest level of poverty in EU
Britain’s pensioners have the fourth highest level of poverty in Europe, according to figures published today by the European Commission. The over 65’s in Britain are, on average, worse off than their...
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