Synopsis: The graduated state pension will become payable to the surviving spouse of a same sex married couple. Date posted: Thursday, January 30, 2014 The Social Security (Graduated Retirement Benefit)(Married Same Sex Couples) Regulations 2014 (SI 76/2014) have been issued. The Regulations are made as a consequence of the Marriage (Same Sex Couples) Act 2013 […]
PENSIONS – AUTOMATIC ENROLMENT/AUTOMATIC ENROLMENT Synopsis: TPR publishes updated forecast of employers who will be subject to AE over the next 4 years. Date posted: Wednesday, January 29, 2014 The Pensions Regulator has published an updated forecast of the number of employers due to become subject to automatic enrolment duties over the next four years […]
SOCIAL SECURITY BENEFITS/PENSIONS – STATE BENEFITS Synopsis: The Institute of Economic Affairs has added its thoughts to the growing pile of research on UK state pensions. Date posted: Thursday, January 09, 2014 The Institute of Economic Affairs (IEA) claims to be ‘the UK’s leading free market think tank’, so it can be expected to take […]
SOCIAL SECURITY BENEFITS/PENSIONS – STATE BENEFITS Synopsis: A paper dealing with the transition to the single tier state pension has been published by the DWP. Date posted: Tuesday, February 19, 2013 The DWP website is not the most user-friendly of sites, as anyone who has tried its search facility will know. Sometimes additional information will […]
ANNUITIES/PURCHASED LIFE ANNUITY Synopsis: New research from the Financial Services Consumer Panel (FSCP) has attacked the operation of the annuity market. Date posted: Tuesday, December 10, 2013 Given the current demographics of newspaper readership, it was perhaps inevitable that research showing that ‘Annuities are increasingly complex and may not offer good value for money’ would […]
PENSIONS – AUTOMATIC ENROLMENT Synopsis: This Library Document sets out the requirements to be met to be a qualifying pension scheme to be used for automatic enrolment purposes. Last Reviewed: Thursday, November 28, 2013 IMPORTANT GUIDANCE When reading a topic in the Information Library you should always click the “Related Bulletins” button within that topic […]
ANNUITIES/PURCHASED LIFE ANNUITY Synopsis: Iain Duncan Smith, the Work and Pensions Secretary, has introduced a new Schedule to the Pensions Bill 2013, which will enable regulations to be laid restricting the charges that can be made in respect of qualifying money purchase schemes. Date posted: Thursday, October 31, 2013 Iain Duncan Smith, the Work and […]
Date posted: Monday, October 28, 2013 Over the last few years we have seen a growing trend for the Government to reduce the amounts which people can invest in the tax-privileged investments that are registered pensions. It was only a few years ago that the maximum annual contribution that a person could make to a […]
Estate Planner The government’s reforms to long term care, elements of which are supposed to take effect in 2015, included provisions requiring local authorities to collect care home charges via a ‘deferred loan scheme’ from the sale of a property after the owner’s death. Now a consultation document suggests that this will only apply if […]
FINANCIAL TIMES Financial Times:” UK state pension to rise by £2.95 per week”. State pension payments are expected to rise by £2.95 a week from next April following the release of official inflation data this week. Click here to go directly to the article Financial Times:” Probes boost HMRC tax take”. The amount of tax collected by […]
