DWP Consultation : Guaranteed Minimum Pension (GMP) Equalisation

27 January 2012 The Department of Work and Pensions has launched a consultation on new draft regulations for Guaranteed Minimum Pension (GMP) equalisation along with a proposed possible method for accomplishing equality of treatment. Progress on this consultation has already proven unusual as it has already excited significant negative press comment and is likely to continue to prove controversial. Author: Martin Veasey © www.veaseyassociates.co.uk 2011 – 2018

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Department of Work and Pensions : Meeting Future Workplace Pension Challenges

19 December 2011 The Department of Work and Pensions has launched a consultation on how to treat the proliferation of small pension pots. An individual moving from job to job may easily build up a portfolio of several small entitlements with consequent problems of administration, communication and cost. Their proposed initiatives include: encouraging members to consolidate their pension savings, so reducing the cost of administering small pension pots transferring small pension pots to one or more aggregator schemes transferring pension savings so they follow an individual from job to job The paper also announces the end of short-service refunds for…

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Department of Work and Pensions : consultation on Amendment of Occupational Pension Schemes (Levies) Regulations

21 November 2011 The Department of Work and Pensions is consulting on a proposed amendment of the Occupational Pension Schemes (Levies) Regulations 2005. This proposed amendment deals with the levy which is charged to schemes and used to pay the administration costs of the Pensions Ombudsman, the Pensions Advisory Service and parts of the Pensions Regulator. The levy is raised from schemes on a per-member basis and has not been reviewed in some time. The likely effect of the amendment would be for a significant reduction in the general levy largely due to a big drop in the part going…

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DWP : workplace pension reform

19 July 2011 The Department of Work and Pensions is seeking views on new draft regulations relating to the Government’s workplace pension reforms – the Automatic Enrolment (Miscellaneous Amendments) Regulations 2011 and the Automatic Enrolment (Miscellaneous Amendments) (No. 2) Regulations 2011. External link Author: Martin Veasey © www.veaseyassociates.co.uk 2011 – 2018

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