Happy 100th Birthday, Claire Carey wnep.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wnep.com Daily Mail and Mail on Sunday newspapers.
So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap, ‘pension freedoms or consultations around ‘value for money , says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).Download
In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.Download
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What HR should know about the Pensions Schemes Bill 2021 hrmagazine.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hrmagazine.co.uk Daily Mail and Mail on Sunday newspapers.
U.K. writes new regulator powers, climate risk disclosures into law
Queen Elizabeth II gave Royal Assent to the U.K. Pension Schemes Bill on Thursday.
The U.K. Pension Schemes Bill that will strengthen workplace retirement arrangements for participants in the U.K., received royal approval known as Royal Assent from Queen Elizabeth II on Thursday.
The bill, which became the Pension Schemes Act 2021 and was largely unchanged by U.K. Members of Parliament during the legislative process in 2020, establishes new powers for The Pensions Regulator through criminal and civil sanctions that will be placed against company directors. The legislation will allow the regulator to set funding standards for troubled pension funds and utilize criminal sanctions to punish executives for making risky decisions.