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Pensions

Pension reforms start in April

An increase in the state pension rate is among a number of welfare reforms to come into effect throughout April 2018. 2 April Funeral expenses payment For people on qualifying benefits, Funeral Expenses Payments contribute towards the cost of arranging… Continue Reading Pension reforms start in April

One million employers enrol staff into a workplace pension

The new figures, released by The Pensions Regulator, show that over 600,000 employers have complied with their duties in the past year alone. The deadline is approaching for the remaining 150,000 employers, including new businesses set up since the government… Continue Reading One million employers enrol staff into a workplace pension

Government plans for more financially secure retirement

A UK Government review suggests that automatic enrolment has changed the financial behaviour of millions of people. It claims workers now view pensions as a normal part of their pay package. Secretary of State for Work and Pensions, David Gauke,… Continue Reading Government plans for more financially secure retirement

Government and FCA crack down on older pension scheme charges

The saving revealed today (6 December 2017) means high charges levied on members of older workplace, or legacy, pension schemes, are soon expected to be a thing of the past. A report published by an Independent Project Board – commissioned… Continue Reading Government and FCA crack down on older pension scheme charges

Master trust pension schemes consultation

An ‘authorisation and supervision regime’ will ensure that tough new powers are in place to protect the 7 million members of master trust schemes, who have a combined £10 billion worth of assets invested. The changes will provide them with… Continue Reading Master trust pension schemes consultation

Government announces plans for disclosure of pension costs and charges

Savers will also be able to access information about where their money is invested, opening up the possibility of people having greater choice over where their pension is invested. Failure to provide this information could cost occupational workplace pension scheme… Continue Reading Government announces plans for disclosure of pension costs and charges

New timetable for State Pension changes

The Department for Work and Pensions has today published its review into the State Pension age, proposing a new timetable for the rise to 68, to maintain fairness between generations in line with continuing increases in life expectancy. Latest projections… Continue Reading New timetable for State Pension changes

‘State Pension top up’ scheme starts 12 October 2015

From 12 October 2015, a new scheme is being launched helping anyone reaching State Pension age before 6 April 2016 to safeguard their long-term financial security. Men aged 65 or older and women aged 63 or older are being offered… Continue Reading ‘State Pension top up’ scheme starts 12 October 2015

Millions of pensioners protected with Winter Fuel Payments

The benefit helped ensure pensioners were able to stay warm during the coldest spells of last winter, with a one-off payment of between £100 and £300 to help towards the cost of heating their homes. The government’s commitment to protect… Continue Reading Millions of pensioners protected with Winter Fuel Payments

New Tax Guidance on Pensions

Changes introduced from 6 April 2015 allow people to access their pension savings more freely and easily than before. Please view our video which focuses on some of the more important points. We have also produced a booklet which helps… Continue Reading New Tax Guidance on Pensions

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