UK - Statutory Instrument 2002/437 (The Child Support, Pensions and Social Security Act 2000 (Commencement No. 11) Order) has been published, repealing the intended April 6, 2002 start date for the proposed new anti-franking regime.
No other start date has been announced - this may follow the Pickering review.
By Luke Clancy
Partner Insight: In recent years, pensions administrators have seen scheme member engagement increase significantly. The advent of Pensions Freedoms in 2015 and the increased choices faced by members have led to a sea-change in the levels and types of...
Two consultancies have reported decreases in defined benefit (DB) transfer quotation requests in Q3, and said guaranteed minimum pension (GMP) equalisation could impact transfer activity.
The Association of Consulting Actuaries (ACA) and Royal London have proposed a "pensions pound" to "radically simplify" defined benefit (DB) pensions rights.
Around 5,000 members of the Johnston Press Pension Plan are expected to enter the Pension Protection Fund (PPF) following a pre-pack administration (PPA) by its sponsor.