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Stronger Nudge to Pensions Guidance
11/05/2022 Regulation Changes

The Government is introducing legislation to ensure that individuals are made aware of Pension Wise guidance as part of the application process for taking or transferring their defined contribution (DC) pension savings. The aim is to protect people by helping them make informed decisions.

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Proportion of pension transfers showing scam warnings reaches 12-month high
15/03/2022 Pension Scams

Almost two in three (65 per cent) potential pension transfers raised at least one scam warning flag in February, according to XPS Pensions Group’s Scam Flag Index, the highest proportion in the past 12 months.

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2022/2023 Employee Contribution Bands
14/02/2022 News

Please find the employee contribution bands which are effective from 1st April 2022.

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Annual Allowance and Lifetime Allowance Factsheet Updates
29/07/2021 News

The Annual Allowance and Lifetime Allowance factsheets have now been updated.

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Revocation of 95k Cap
22/03/2021 Regulation Changes

On Friday 12th February 2021 the government issued the Exit Payment Cap Directions 2021 which disapply parts of the Restriction of Public Sector Exit Payments Regulations 2020 in England with immediate effect.

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Public sector exit cap no longer applies
18/02/2021 Regulation Changes

The Government has confirmed that, due to unintended consequences, the public sector exit cap will not apply to exits from 12 February 2021.

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Christmas Note
30/11/2020

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Government Implements £95K Cap on Exit Payments
23/11/2020 Regulation Changes

The legislation implementing the £95k cap on exit payments has now been signed and comes into force on 4 November 2020. This means that there will be a limit on the amount of costs for early retirement due to redundancy.

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