Pensions

An update on all things pensions, covering the latest developments and changes in legislation

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New companies and employers from 1 October 2017 – Immediate Auto Enrolment duties

From the 1 October 2017, all new employers are required to immediately comply with their employer duties with regard to Auto Enrolment. Automatic enrolment – employing staff for the first…

Does the thought of retirement keep you up at night?

A study carried out by Scottish Widows provides a unique illustration of the nation’s psychological and financial preparedness for later life. Its findings highlight a concerning trend around retirement planning…

Bristol Employment Seminar: Booking now…

Many employers may be feeling a little up in the air at present. Despite record levels of employment – and historically low interest rates – the UK continues to face…

Money Purchase Annual Allowance- Our guide to the changes

Chancellor Philip Hammond announced plans to reduce the Money Purchase Annual Allowance from £10,000 to £4,000. It has been announced in July that this reduction is to apply retrospectively, from…

Leeds Employment Seminar: Now booking…

Many employers could be forgiven for feeling rather dazed and confused at present. Despite record levels of employment – and historically low interest rates – the UK continues to face…

Going Up: The State Pension Age

The Department for Work and Pension yesterday announced an acceleration of the timetabled increases to the State Pensions Age (SPA) in the UK. The new timetable will impact those born between 6th April 1970…

Life expectancy and retirement planning…

Yesterday the national media provided widespread coverage of the the latest statistics regarding UK life expectancy. The main findings from the Marmot Indicators Briefing in this respect were as follows: Improvements in life…

London Employment Seminar: Now open for bookings…

Laugh or cry, the surprise general election – and equally surprising outcome – has done little to help employers plan for the uncertainty and changes that will doubtless result from…

Auto-Enrolment: Employers are being watched…

The implementation of Pensions Auto-Enrolment requirements across the UK is now pretty much complete, and we are less than a year away from the first planned increase in Auto-Enrolment minimum contributions (as we explored earlier this…

What next for company sponsored pensions?

We are now just two weeks away from the 2017 UK General Election, and many (but not all) of the principal parties have published their manifesto commitments. So this week I have been taking…