Please find some answers to FAQs on the UK Pension Scheme. Is there life assurance? Yes, the life assurance cover depends upon which schedule you belong to. However, there are restrictions if you did not join the scheme when first eligible. ...
UK pensions: government targets workplace.Reports on the campaign of the government to increase private pensions contributions in Great Britain. Effect of the adoption of the stakeholder scheme; Design of the Department of Work and Pensions program to help employees offer pension alternatives....
Schedule 1 is a “Defined Benefit” final salary pension scheme with an investment top up and is a tax efficient way to save for your retirement.
Many voices are now calling for the tax advantages of pension-scheme investments to be made dependent on allocating a certain percentage, perhaps 20% over time, to UK equities. The present UK chancellor, Jeremy Hunt, has tip-toed in this direction, by requiring UK pension schemes to at lea...
The U.K.'s local government pension scheme, which manages £360 billion worth of assets for 6.6 million public sector workers, is currently fragmented into 86 individual funds in England and Wales. If it were combined into a single fund, it would rank as the seventh largest in the world...
Consulting, in early 2023 on issuing new guidance on Local Government Pension Scheme asset pooling Increasing the pace of consolidation in Defined Contribution pension schemes From April 2023, improving the tax rules for Real Estate Investment Trusts ...
If you are tax resident in Spain,your UK state pension and any occupational pension income will be taxable only in Spainand not in the UK, under the terms of the UK-Spain Double Taxation Treaty. UK Government service funded pensions (for example, civil service, local government schemes, fire...
Reeves’ proposal, touted as the biggest pension reform in decades, would consolidate 86 local English and Welsh government pension funds that are part of the Local Government Pension Scheme into a far smaller number of funds. LGPS funds would manage 500 million pounds ($633 billion) in assets...
While derisking is not generally in the interests of employers or scheme members, and is damaging to the wider economy, three features of the governance structure for pensions have stymied attempts to counteract it. These are: the spillover effects of financialization in corporate accounting, ...
Consultations by the Government on the NHS Pensions Scheme and the Pensions Ombudsman's powers and jurisdiction Consultation by the FCA on pension transfer advice The PPF announcement on increases to compensation levels The 'subjective' test for rectification of contracts The Law Commission report on ...