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The UK implemented the age discrimination aspects of the EU Equal Treatment Directive with effect from 1 December 2006 in relation to pensions. The relevant provisions are now set out in the Equality Act 2010. The default retirement...
The default retirement age (DRA) of 65 was abolished from 1 October 2011. Introduced to tie in with the abolition of the DRA, the Employment Equality (Repeal of Retirement Age Provisions) Regulations 2011 allow employers to withdraw or...
The Pensions Act 2008 enhanced TPR’s anti-avoidance powers by enabling it to impose a contribution notice, in certain circumstances, where an act or failure to act has a materially detrimental effect on the likelihood of members’...
The Pensions Act 2008 enhanced TPR’s anti-avoidance powers by enabling it to impose a CN, in certain circumstances, where an act or failure to act has a materially detrimental effect on the likelihood of members’ benefits being...
In order to protect the benefits of pension scheme members and to ensure that pension liabilities are not avoided or unsupported, the PA04 gave TPR the power to issue: contribution notices (requiring payment to be made into a scheme);...
Since A-Day (6 April 2006) payments by registered occupational pension schemes are categorised as either authorised or unauthorised member or employer payments. Tax relief is given in respect of retirement saving in a registered pension...
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...
Each UK occupational pension scheme must comply with the cross-border provisions of the PA04 which transposed the requirements of the European Pensions Directive into UK law. The cross-border provisions were designed to protect members of...
