PENSION REFORM 2014/15 Synopsis: Which? On-Line Tax Calculator: Potentially misleading? Before we consider the research by Which? It is worth pointing out that they have included an on-line calculator, to quote Which?: ‘Which? has launched a free online calculator to help people work out the tax they’ll pay if they cash in their entire pension pot or take a […]
AUTOMATIC ENROLMENT Synopsis: A round up of what’s been happening at TPR during 2015 Q1. The Pensions Regulator has provided an update of recent developments relating to the world of AE, in a form of a self-appraisal. As expected, it’s been a busy start to 2015. The Pensions Regulator has begun sealing the envelopes and […]
AUTOMATIC ENROLMENT Synopsis: The PPI has issued Briefing Note 73 – Defined Contribution Default Funds and Investment Governance. The Pensions Policy Institute has issued Briefing Note 73 – Defined Contribution Default Funds and Investment Governance. The issues covered in this Briefing Note were discussed at a Round Table event hosted by the FTSE Group and Elston Consulting, in January […]
BANKRUPTCY Synopsis: Horton v Henry: the impact on a trustee in bankruptcy’s power to exercise options on behalf of the bankrupt. On 17 December 2014, the High Court made that scenario highly unlikely following the judgment in Horton v Henry [2014] EWHC 4209 (Ch) where Mr Robert Englehart QC (sitting as a Deputy Judge of […]
SOCIAL SECURITY BENEFITS/STATE BENEFITS Synopsis: Pension Minister, Steve Webb has announced that State Pension forecasts to be revised following confusion. Date posted: Tuesday, February 17, 2015 The state pension forecasts sent out to those who will retire under the new flat-rate system are to be replaced following a number of complaints. Those due to retire […]
AUTOMATIC ENROLMENT Synopsis: In the coming months as part of a new campaign, TPR will write to all small and micro businesses to give them key information on automatic enrolment, including when the duties affect them. As per our Bulletin dated 28 January, all small and micro businesses are to receive letters from The Pensions Regulator (TPR) […]
GUIDANCE GUARANTEE Synopsis: The FCA has written to pension providers to explain what support they will be expected to provide for customers when they take their pension benefits under the new tax regime. The FCA has written to pension providers to explain what support they will be expected to provide for customers when they take […]
National Savings & Investments have announced that the Pensioner Bonds trailed in the March Budget and re-announced in December (see out earlier Bulletin) are now (15 January) on sale. The bonds are available to purchase online, by phone (0500 500 000) or by post. Application at a Post Office is not possible. The very attractive terms on offer mean […]
SOCIAL SECURITY BENEFITS/PENSIONS – STATE BENEFITS Synopsis: The DWP publishes State Pension factsheets. Date posted: Wednesday, December 31, 2014 The Department for Work and Pensions (DWP) has published a number of factsheets containing information and examples to help explain the current and new State Pension schemes. The topics covered include: Introduction to the new State Pension How […]
DIVORCE Synopsis: This section covers how the pension sharing rules are affected by the provisions of the new regime Last Reviewed: Tuesday, May 06, 2014 Last changes made: Updated to include some very minor amendments to Section 3 IMPORTANT GUIDANCE When reading a topic in the Information Library you should always click the “Related Bulletins” button […]
