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The DWP has issued consultation on proposed autoenrolment thresholds for 201314 as follows: £9,205 for the earnings trigger (to align with the PAYE threshold); Around £5,720 (projected value) for the lower limit of the qualifying earnings band (to align with the National Insurance Contributions (NICs) lower earnings limit); £41,450 for the upper limit of the qualifying earnings band (to align with the NICS upper earnings limit
The credit crunch caused problems for businesses at the same time as the value of pension scheme assets plunged, adding ballooning defined benefit pension deficits to the woes of struggling companies
In relation to a complaint about ill health early retirement, the Deputy Pensions Ombudsman has criticised the employer council for not asking more questions of their medical advisers
The Pensions Regulator has published a report examining how some of the flexibilities in the defined benefit funding regime have been used by schemes and employers
The Deputy Pensions Ombudsman has held that when considering an application for an ill health pension, although the decision made could prefer one doctors opinion over another it should have considered critically the advice it received and decide whether it could reasonably be relied on or whether further probing was needed
Principal new developments in pensions are set out alphabetically by topic in four main sections arranged according to when the changes had or are expected to have effect
The Government has announced that its proposals for reform of public bodies include the merger of the Pensions Ombudsman and the Pension Protection Fund Ombudsman
