The following Pensions news provides comprehensive and up to date legal information on Government floats fix for spiraling number of small pension pots
The following Pensions news provides comprehensive and up to date legal information on Government repaid £1.4bn in pension ‘overtaxation’ since 2015
The following Pensions news provides comprehensive and up to date legal information on TPR acknowledges lessons were learned from its superfund approvals process
Qualifying Recognised Overseas Pension Schemes (QROPS)Why use a QROPS?In practice, many Qualifying Recognised Overseas Pension Schemes (QROPSs) are...
Self-invested personal pensions (SIPPs)When personal pensions were first introduced in April 1988, they could only be established by authorised...
Retirement Annuity Contracts (RAC)—older types of personal pension schemesFORTHCOMING DEVELOPMENT: Section 10 of the Finance Act 2022 will increase...
Pension commencement lump sums (PCLSs)When a member of a pension scheme becomes entitled to receive their scheme benefits, they can usually take part...
Defined benefit (DB) pension schemes—who owns the surplus?FORTHCOMING DEVELOPMENT 1: On 22 November 2023 the DWP published its response to the call for evidence on ‘Options for defined benefit (DB) pension schemes’. The purpose of the call for evidence was to investigate how DB schemes could
Statement of investment principles (SIP)STOP PRESS—Impact of the Retained EU Law (Revocation and Reform) Act 2023: This document contains references to retained EU law (REUL) and associated terms introduced by the European Union (Withdrawal) Act 2018 in connection with Brexit. From 1 January 2024,
Payment of surplus to the employer—pension schemes in winding-upFORTHCOMING DEVELOPMENT 1: On 22 November 2023 the DWP published its response to the call for evidence on ‘Options for defined benefit (DB) pension schemes’. The purpose of the call for evidence was to investigate how DB schemes could
Employer-related investments (ERIs)THIS PRACTICE NOTE APPLIES TO REGISTERED OCCUPATIONAL PENSION SCHEMESAs a general rule, subject to the specific governing provisions of their trust deed and rules, registered occupational pension schemes can make investments without restrictions to the scope of
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