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View Points Published in June - 2014

Current Issues - End of Contracting Out

01 June 2014 / Newsletters

From April 2016, it will no longer be possible for pension schemes to be contracted-out of the State Second Pension. This has implications for contracted-out schemes open to accrual and potentially those who have yet to reconcile their GMP benefits with HMRC.

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Current Issues - Changes to PPF methodology

01 June 2014 / Newsletters

In June 2014 the Pension Protection Fund (‘PPF’) published its consultation for the levy years 2015/16 to 2017/18. The consultation sets out details on the change in insolvency risk provider from Dun & Bradstreet to Experian and on other proposed changes to the levy calculation.

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Current Issues - June

01 June 2014 / Newsletters

Current Issues - June 2014 including Pensions Act 2014, Increase in State Pension Age, Abolition of contracting out, TPR issues new DB Code of Practice, Combined Pension Statements

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Special mention must go to the team who have an infectious enthusiasm for getting the job done; without exception. All are flexible, approachable and their almost tangible motivation means much pride is obviously taken in everything done. It is this attention to detail that has helped further reduce costs and burden and brought about increased levels of efficiency that no tender could establish.

Lee, Administration and Actuarial client