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A GPP is a group personal pension – a personal pension available to an employer’s staff through a group arrangement. A personal pension will be a DC arrangement. Members are still subject to the LTA and AA and may take 25% as a tax...
Pre-Court proceedings Before the divorce hearings begin, the parties can obtain information from their respective pension arrangements as to benefits e.g. basic valuation, pension credit arrangements, charges etc Court...
The rights of early leavers depend on how long they have been a member of the scheme before leaving service. Early leavers with at least 2 years’ pensionable service Early leavers with at least two years’ pensionable service have a...
Under section 75 and section 75A of the PA95, where the value at the trigger time of a DB scheme’s assets is less than a scheme’s liabilities (both calculated on a prescribed basis), the amount equal to the difference is...
A debt calculation is triggered when an employer has ceased to employ at least one person who is an active member of the scheme, and at least one other employer (who is not an employer who employs only members with DC benefits) continues...
The TKU requirements came into force in April 2006 and are backed by TPR’s code of practice (and specific scope documents). Trustees need to be “conversant” with the scheme’s – trust deed and rules statement...
Background An “occupational pension scheme” can only carry out activities which are “retirement-benefit activities” and provide death benefits if they are ancillary or supplemental to those activities. In summary, this...
