Pensions

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

The new State Pension entitlement:

As many of you will have heard via the national media, the new State Pension began on the 6th April this year. Although this pension entitlement does not directly form part…

Do you remember?

I have been reminded by my colleague Peter Matthews that today is an important anniversary in the world of pensions.  For ten years ago this very day we entered the brave new world…

Lifetime ISAs: creating a need for education

Following the Budget announcement on 16th March individuals under the age of 40 will be able to open a “Lifetime ISA” from April 2017. Lifetime ISAs (LISAs) are designed to…

2016 March Budget (3): Salary Sacrifice

Although not specifically mentioned in the Chancellors Budget speech, the supporting document does include this text: “Salary sacrifice arrangements enable employees to give up salary in return for benefits-in-kind that…

2016 March Budget (1): Lifetime ISA announced

The Chancellor has just concluded his 2016 Budget speech – and once again there appears to be a major surprise for employee benefits and workplace savings. The supporting Budget document includes the…

Financial Education in the Workplace

Over the last few years the topic of workplace Financial Education has finally (and rightly) come to the fore in the world of employee benefit provision. One of the principle tenets…

Time for another Budget…

After what amounted to three Budget statements last year, 2016 looks set to return to the more usual format of two, with the first of these due this Wednesday. So what should…

Pension tax relief: Parked (for the moment)

The national news agenda was dominated by pension issues over the weekend. For those that missed it (and there cannot have been many given that this was the lead story…

State Pension Age reviews…

It has just been announced by the Department for Work and Pensions that former CBI Director General John Cridland CBE has been appointed as independent reviewer of State Pension Age…

Pension Savings: Out of the woods?

Last week HM Revenue & Customs published some encouraging figures regarding the levels of pension savings in the UK.  For a brief account of this issue please see here. These figures have been interpreted by…