Pensions - Contracting Out

Below is a selection of our most recent updates on this subject.

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HMRC NISPI Issues Final Countdown Bulletin On Abolition Of Money Purchase Contracting Out

HMRC NISPI has issued the sixth and last of its Countdown Bulletins setting out key information concerning the abolition of contracting out on a defined contribution basis. This includes a very useful question and answer section.
Tuesday, April 03, 2012

DWP Issues Gmp 2012 Increase Order

The DWP has issued the Guaranteed Minimum Pensions Increase Order 2012
Monday, March 12, 2012

Government Responds To Consultation On Gmp Revaluation Rate And Modification Of Scheme Rules

The Government has issued its response to the consultation on the GMP fixed rate revaluation rate, and the proposed changes to enable trust based occupational schemes to remove the protected rights rules which apply to money purchase benefits where the trustees may not have the power to make those changes in the scheme rules.
Friday, March 02, 2012

Gmp Equalisation

The DWP has published a consultation on draft regulations on equalisation of Guaranteed Minimum Pensions
Monday, January 23, 2012

HMRC NISPI Issues Latest Countdown Bulletin

HMRC NISPI has issued the latest of its Countdown Bulletin dealing with issues regarding the abolition of contracting out on a defined contribution basis.
Friday, December 16, 2011

PPF Confirms Gmp Equalisation Plans

The PPF has confirmed its plans to equalise GMP benefits and announced a six month pilot project with selected schemes to resolve any teething problems.
Wednesday, December 14, 2011

DWP Consults On Gmp Revaluation Rate And Overriding Rules Regarding Abolition Of Protected Rights

The DWP is consulting on the draft Occupational Pension Schemes (Contracting-out and Modification of Schemes) (Amendment) Regulations 2012.
Friday, August 26, 2011

HMRC Issue First Edition Of Pensions Industry Business Update

HMRC have issued the first edition of its ‘Pensions Industry Business Update'.
Tuesday, July 05, 2011

HMRC NISPI Issues Latest Edition Of Countdown Bulletin

HMRC NISPI have issued the latest edition of its Countdown Bulletin, which deals with the abolition of contracting out on a defined contribution basis.
Friday, June 24, 2011

New Regulations Set Out Actuarial Guidelines For Reference Scheme Test

New Regulations have been passed to provide guidance for actuaries on determining whether the benefits of a contracted out final salary scheme meet the ‘reference scheme test'.
Thursday, May 26, 2011

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