Pension liberation: new restriction on transfer rights
Following on from the Autumn Statement, the DWP and HM Treasury
have issued consultation looking at three aspects of pension
liberation scams. The consultation covers:
limiting the right to statutory
making it harder to establish
fraudulent schemes; and
a ban on cold calling.
A key issue for trustees is the tension between a member's
statutory right to transfer and their obligation to ensure the
transfer is made to a legitimate pension arrangement.
PPF levy: conditions for 2017 confirmed
The PPF has published its levy determination for 2017-18. The
levy rules are largely unchanged from last year. There are some
minor adjustments for employers who have moved to new accounting
standard FRS 102 (to avoid an artificial movement in their
insolvency risk rating).
GMP equalisation: getting nearer to a solution
The issue of whether schemes have to equalise GMPs for men and
women, and if so, how, has been rumbling along for nearly 20 years.
In January 2010 the then Government announced that schemes should
be equalising GMPs accrued since May 1990 but the complex proposals
were challenged by many in the pensions industry. The DWP has how
issued further consultation on various contracting-out issues
including GMP equalisation.
Pensions: plenty to look forward to in 2017
After the rollercoaster ride of 2016, what does 2017 have in
store for the world of pensions? Here are some areas where we
anticipate developments this year.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
To print this article, all you need is to be registered on Mondaq.com.
Click to Login as an existing user or Register so you can print this article.
Everyone has sympathy for employees who are genuinely unwell. When advising employers about employees suffering from stress, various medical conditions and resultant absence, it is these words that come up again and again.
In our article published in HR Zone, we consider the introduction of the new rules on regulatory references which come into force on 7 March 2017 and the practical steps that employers must take to comply...
Most of us know the difference between being employed and being self-employed (or at least we think we do). And in everyday laymen's terms, the difference is relatively straightforward and obvious – if you are employed, you work for someone else and, if you are self-employed, you ‘work for yourself'.
This coming year looks to be another busy one with more significant employment law changes coming into force and we have highlighted some of the key changes, which range from the introduction of gender pay...
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).