Auto-enrolment

Contractual enrolment into pension saving: some practical issues

Stephen Richards

We’ve looked at some of the ways that contractual enrolment into pension saving is different from auto-enrolment (see Helen Powell’s post, Enrolling into pension saving: do you know your AE from your CE?)  As the regime rolls into action, we are starting to come across areas where the interaction of contractual enrolment with information requirements Read More

No Comments

Enrolling into pension saving: do you know your AE from your CE?

Helen Powell

“You like to-may-to, I like to-mah-to”; you say auto-enrolment, I say contractual enrolment. Unfortunately, we can’t call the whole thing off. The pensions auto-enrolment regime is logistically quite complex. Many employers are finding it easier, for a variety of reasons, to arrange things so that their workers are already members of a suitable pension arrangement Read More

No Comments

Gender-specific pension annuity rates illegal. Oh, and the end of the world…

Stephen Beattie

G’day. Or should that be G-Day? We’ve had A-Day – heralding “pensions simplification” (a false dawn if ever there was one) on 6 April 2006 – and now G(ender)-Day is upon us: 21 December 2012. From that day, regulations borne out of the Test-Achats case will make it illegal for insurers to base the price of pension Read More

No Comments

Employers planning for auto-enrolment: all change (already!)

Helen Powell

Last week the Government gave the first indication of the numbers it is likely to use for the earnings trigger and qualifying earnings band for auto-enrolment for 2013/14. These numbers are going to be reviewed annually, so it’s no great surprise that they will shift from 6 April 2013. What is striking, though, is that Read More

No Comments

Keeping fixed protection for pension benefits – is this within your control?

Jessica Kerslake

Fixed protection for an individual’s lifetime allowance for tax-favoured pension benefits is a valuable thing.  If you registered for fixed protection before 6 April 2012 you can keep a lifetime allowance of £1.8 million or, if greater, the standard lifetime allowance.  But you lose fixed protection if you go into a new pension arrangement.  You Read More

No Comments