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Displaying items by tag: pensions

Friday, 26 April 2019 11:43

TPR warns schemes after 2 new fines upheld

The Pensions Regulator (TPR) has warned schemes they must produce a chair's statement which is compliant with the law, after fines against two were upheld in court.
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It has recently been announced that divorce laws will be changing.
Published in Comment and Blogs
XPS Administration has called on pension schemes to get ready for the introduction of the Pensions Dashboard now.
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Fears of a Halloween Brexit horror story for pensions have been raised by AJ Bell.
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Thousands of pension savers have breached lifetime allowance ‘protections’ in the past 12 years, potentially landing themselves with tax bills running into hundreds of thousands of pounds.
Published in Articles
Thursday, 11 April 2019 10:40

CISI 2019 Awards winners revealed

The winners of this year’s CISI Awards have been revealed.
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A new FOI reply to Steve Webb, director of policy at Royal London, suggests that far more low-paid and part-time workers are missing out on tax relief on their pension contributions than previously thought. 
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Pension savers will now be putting away more in their pots as part of an increase in auto-enrolment minimum contributions from 5% of qualifying earnings to 8%.
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The Government’s consultation on the proposed Pensions Dashboard has concluded and the report, published yesterday, pledged primary legislation to make it a reality.
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Pension transfer values as measured by the XPS Pensions Group Transfer Value Index increased “substantially” during March, the firm has said.
Published in Articles
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