The Pensions Act 2014 is radical legislation that transforms the pensions landscape.
Not only is there an entirely new state pension system coming soon, but a central feature since 1978, contracting out, will disappear. Sponsors of contracted out schemes have only two years to plan for and implement this. There are also a number of other significant legislative changes.
This guide, published shortly after the Pensions Act received Royal Assent, sets out and comments on the Act’s key provisions, with the aim of assisting trustees, employers and scheme managers when considering their pensions goals over what is likely to be a period of significant change.
Speak to our expert David Everett for more information.
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We help you to understand the impact of pension tax changes.