Tag Archives: Legislation

Under CDC schemes, employers and employees pay a fixed rate of contributions, collected in a manner similar to defined contribution schemes. Benefits are paid with a target in mind, similar to defined benefit schemes, but with the prospect of variable increases — and the possibility of decreases.  The aim is …

In the document published on Tuesday, the MPs made a number of recommendations in other areas, such as increasing uptake of Pension Wise guidance by trialling automatic appointments, establishing equivalent investment pathways for trust-based schemes, and prohibiting transactions being made on pensions dashboards until they are well-established and trusted. The …

In his foreword, Opperman wrote that the new regulations “will be a huge step forward in providing a major enhancement to the existing occupational pensions landscape, and a third way forward between traditional defined benefit and post 2012 defined contribution schemes”.  He continued: “By allowing pension scheme members to share …

By Tom Higgins | November 18, 2021 On the go: The Royal Mail’s new collective defined contribution plan will have a fixed employer contribution of 13.6 per cent, as well as a standard employee contribution of 6 per cent, the group confirmed on Thursday. As outlined in the postal company’s …

Speaking at a Work and Pensions Committee hearing on Monday, Opperman also said that his ambition was to allow transactions on the pensions dashboards in the long term, along with costs and charges, while the state pension will be shown from launch.  Further dashboards regulations can be expected “early in …

The Royal Mail Collective Pension Plan, which is the first known example of these new type of pension funds coming to fruition following the provisions passed in the Pension Schemes Act 2021, will consist of the a CDC section and a cash lump sum section. A Department for Work and Pensions …

Northern Ireland’s Democratic Unionists, being old-fashioned British patriots, didn’t want to stay in the EU or even settle for a soft Brexit. They didn’t want a hard border with the Irish Republic because business demands “seamless and frictionless” trade. They certainly didn’t want anything resembling a border in the Irish …

It is not known whether Boris Johnson is an enthusiast for Louis Althusser’s critique of Antonio Gramsci’s idea of cultural hegemony, but it looks as if he might be. The prospect of Paul Dacre, the former editor of the Daily Mail and editor-in-chief of ­Associated Newspapers, becoming the next chair …

In 2014, as the pharmaceutical giant Pfizer sought to take over AstraZeneca, the UK’s second largest ­pharmaceutical company, the British government insisted it would not intervene. David Cameron and George Osborne suggested that the bid was purely a commercial matter for shareholders and refused to ­apply a “public interest test”. …

It is all very well for Twitter to ban Donald Trump after years of profiting from the millions of eyes drawn towards his frequently incendiary tweets. But the argument for making Twitter and other social media sites accountable for their content is compelling. They contend they are platforms or channels …