Updated to include a reference to the Pension Regulator's consultation on its draft policy on monetary penalties and revised description of professional trustees.
The run-up to April is typically a busy time of year for HR professionals, with new employment legislation due to come into force. 2017 is no exception, with the most significant development being the introduction of the gender pay gap reporting duty for larger employers. However, there are a number of other key changes affecting all employers, regardless of their size.
Continuing our benefits and allowances research, we look at the types of pension schemes employers are offering, and the level of employer and employee contributions.
The Government proposes to increase the choice available to individuals when they access their defined-contribution pension savings.
The Government consults on whether or not it needs to intervene to protect people from being auto-enrolled into defined-contribution pension schemes with high charges and resultant poor returns.
Despite significant reform of the UK pensions system, the Government is concerned that people are still not saving enough towards their retirement. It has therefore issued a strategy paper considering how to reinvigorate workplace pensions and rebuild trust and confidence in pensions. We examine its main proposals.
Definition from the XpertHR glossary.
HR and legal information and guidance relating to defined-contribution pension schemes.