Pensions

New and updated

• Type:

  Employment law manual

  Workplace pensions

  Updated to reflect the Budget 2021 announcement about the lifetime allowance.

• Type:

  Employment law manual

  Occupational pensions and employment law

  Updated to include information on London Fire Commissioner and others v Sargeant and others concerning the non-discrimination rule, and the outcome of the consultation on public-service pension schemes.

• Type:

  Consultations

  Consultation on implementing the increase to the normal minimum pension age to 57 years

  The Government consults on the implementation of the rise in the normal minimum pension age to 57 and protections for pension scheme members.

• Date:

  12 February 2021

  Type:

  News

  Pension Schemes Act hailed as 'landmark'

  A new pensions bill received royal assent yesterday (11 February 2021) that aims to strengthen protections for pension savers by extending the powers of the Pensions Regulator, introducing the power to issue civil penalties of up to £1m, and three new criminal offences. Some in the sector, however, have queried possible unintended consequences.

• Type:

  Employment law manual

  Pensions auto-enrolment

  Updated to include information about the proposed auto-enrolment earnings thresholds for 2021/22.

• Type:

  Legal timetable

  State pension rates increase

  The weekly rates of the single-tier pension and the basic state pension increase.

• Type:

  Employment law manual

  State pension

  Updated to include the proposed single-tier state pension and basic state pension rates for 2021/22.

• Type:

  Statutory rates

  State pension

  Updated to include information on the proposed benefit and pension rates for 2021/2022.

• Type:

  FAQs

  Do employers have to pay pension contributions for furloughed employees?

• Type:

  Consultations

  Consultation on simplifying annual benefit statements for workplace pensions

  Updated to include a reference to the Government's response to the consultation on simplifying annual pension benefit statements.