Tag: Defined Contribution

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Section 67 essentials

Section 67 of the PA95 applies whenever a power to modify an occupational pension scheme is exercised to make a change (known as a “regulated modification”) which would or might adversely affect a member’s subsisting rights. ...

Bribery Act 2010: Basics

The Bribery Act 2010 came into force on 1 July 2011. It aims to update and simplify the UK’s anti-corruption laws. The Act creates 4 offences: offering, promising or giving a bribe (active bribery); requesting, agreeing to receive or...

DC default fund charge cap: what’s in & what’s out?

In scope of the default fund charge cap on member-borne deductions. All member-borne deductions relating to scheme and investment administration paid to the pension provider or other third party Set-up fees Scheme-level entry fees; both on...