UK - Staff on maternity leave will have to be paid pensions contributions for at least 26 weeks when new legislation comes into effect next year.
The new Maternity and Parental Leave Regulations – which take effect from April – extend paid leave from 18 weeks to 26 weeks.
The rules are also intended to eliminate any service requirement that decides which staff are eligible for maternity leave.
Simmons & Simmons solicitor Camilla Barry said it was unlikely that scheme rules would have to be changed to accommodate the new legislation.
“Most rules will refer to women staff being on maternity leave and will only define it as normal maternity leave with reference to the regulations.”
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.