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Introduction The Government expects the introduction of automatic enrolment to lead to the proliferation of dormant DC pension pots. With this in mind, on 15 December 2011, the DWP issued a consultation seeking views on proposals to...
Background Three options are proposed in on the DWP’s consultation on “Meeting future workplace pension challenges: improving transfers and dealing with small pension pots”: minor changes to the current system to make...
Introduction With effect from 6 April 2012, contracting-out on a DC basis (protected rights) will be abolished.1 On 29 February 2012, the DWP published its response to consultation, together with regulations aimed at assisting trustees in...
Introduction With the standard LTA reducing to £1.5 million from 6 April 2012, individuals with existing pension savings need to consider whether to apply to HMRC for “Fixed Protection”. However, care needs to be taken to...
Introduction DC contracting-out will be abolished on 6 April 2012. Employers and trustees should use the run-up to that date to check that they are prepared for its demise. In this Alert: Key points Background What will happen to protected...
Introduction When doing due diligence on a transaction, lawyers tend to breathe a sigh of relief when they discover the target only has a DC pension scheme. This is because, in theory, in a DC scheme the employer should not be exposed to...
Introduction On 15 December 2011, the DWP published plans aimed at ensuring that “money saved into a pension stays in a pension”. With a view to supporting the commencement of automatic enrolment in 2012, the Government wants...
