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If you work in pensions and can’t say “I know what simpler annual benefit statements are”, you’ll want to read this. The new legal requirements for a shorter, simpler annual member statement for certain schemes (which we last...
Introduction On 19 October 2021, the DWP published its response to the consultation on proposed regulations and statutory guidance to introduce simpler annual statements for members of DC auto-enrolment schemes. Final regulations (“the...
Introduction On 17 May 2021, the DWP published a consultation on draft regulations (“the Regulations”) and accompanying draft statutory guidance which will introduce new standard requirements for the length and format of annual...
Introduction For DC pension schemes being used to meet an employer’s automatic enrolment requirements, both minimum employer and overall contribution rates are set to rise from 6 April 2019. This is the second successive annual increase...
Introduction It is almost five years since the first employers began automatically enrolling eligible workers into qualifying pension savings. This Alert is intended to get you up to speed with recent developments in auto-enrolment...
Introduction Following a consultation earlier this year, the Occupational and Personal Pension Schemes (Automatic Enrolment) (Miscellaneous Amendments) Regulations 2016 (“the Regulations”) came into force on 6 April 2016, with the aim...
Background The DWP is consulting on proposed technical changes which are designed to simplify the automatic enrolment process and to reduce burdens on employers. In this response General comments Limited Liability Partnerships Tax...
