Following the introduction of the new State Pension, salary-related contracted-out schemes can no longer transfer pensioner members to newly created schemes (with their consent) because these transfers can only currently take place to schemes that have been formerly contracted-out.
The...More
In the private sector, Defined Benefit (DB) pension schemes provide an important source of income in the retirement plans of 11 million current and future pensioners. Around £1.5 trillion is held under management by these schemes and they help to fuel the UK economy. The pensions provided by...More
This consultation seeks views on proposed changes to employer debt legislation for employers in non-segregated defined benefit multi-employer schemes. It is being undertaken in response to a Call for Evidence that looked at the employer debt regime for employers in non-associated defined...More
This consultation concerns proposed changes to regulations so that Pension Protection Fund (PPF) compensation can be amended to reflect the different rates of payment for those with a bridging pension.
The proposed changes will only apply to individuals whose pension scheme enters a PPF...More
In March 2018, the government published the White Paper ‘Protecting Defined Benefit Pension Schemes’. In the White Paper, we argued that the existing system is working well for the majority of Defined Benefit pension schemes, members, trustees and sponsoring employers but that we could...More
Pensions dashboards are online services which will let people access their information from multiple pensions, including State Pension, in a clear and simple form. Putting individuals in control of their data, they will bring together people's pensions information, which can then be accessed...More
We want to ensure that individuals are aware of the benefits of having a Civil Service Pension and feel equipped with all the relevant information needed to understand what options and support are available in relation to your pension and retirement.
Y ou can help by completing...More