28 Jun 2020, 19:02
29 Jun 2020, 05:43
RobertT wrote:According to www.parliament.uk, the report stage is due to start on Tuesday 30th June. It's the 4th of 12 stages before the pensions bill becomes law.
29 Jun 2020, 13:57
29 Jun 2020, 14:04
29 Jun 2020, 14:57
29 Jun 2020, 16:58
NWpostie wrote:I wonder what will happen to the current bonusplan and flexiplan contributions.
Would it stop completely or be transferred to a new stand alone AVC type plan ?
So many questions as we've already gone from final salary, Defined Benefit then Defined Contribution now this new scheme, I'm trying to keep up with it all.
29 Jun 2020, 23:29
30 Jun 2020, 04:41
renrag40 wrote:All the major changes to pension entitlement from
1987- closing of Section B to new entrants and the introduction of Section C.
2008- closing of Section A, B and C to further accrual.
2010- moving of NRA 60 to NRA 65.
2014- removal of the link between actual pay and pensionable pay.
2018- closure of further accruals to the career average pension scheme.
Have one thing in common ...... they were all brought in at the start of April in that year. Probably because that is the start of the tax year and is easier for RM to deal with.
So if the CDC scheme doesn't come in next April then it more than likely wI'll not make an appearance until April 2022. This may still be an ambitious target date. I read an article a while back and in it was a survey of pension experts and advisors of which the majority didn't think CDC pensions would be widely available until 2024 and that the vast majority of employers would NOT be interested in changing over from their present DC pension schemes.
30 Jun 2020, 18:04
30 Jun 2020, 19:20