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‘Scheme pays’

United Kingdom - September 29 2011 Trustees must issue a pension savings statement to a member whose savings exceed the Annual Allowance in a Pension Input Period.

Catherine McKenna, David Whincup, François Barker, Steve Southern, Wendy Hunter.

Flexible drawdown

United Kingdom - September 29 2011 Subject to plan rules, DC members who have a guaranteed annual level of pension income of at least £20,000 can withdraw their excess DC funds, without a cap applying.

Catherine McKenna, David Whincup, François Barker, Steve Southern, Wendy Hunter.

Abolition of protected rights

United Kingdom - September 29 2011 It will not be possible for pension plans to contract out on a protected rights basis from April 2012.

Catherine McKenna, David Whincup, François Barker, Steve Southern, Wendy Hunter.

All change for agency workers

United Kingdom - September 29 2011 Auto-enrolment is not the only concern for those employing agency workers.

Catherine McKenna, David Whincup, François Barker, Steve Southern, Wendy Hunter.

A bridge too far?

United Kingdom - September 29 2011 The ruling in the Bridge case established what are “money purchase benefits” (which fall outside the statutory funding and employer debt regimes).

Catherine McKenna, David Whincup, François Barker, Steve Southern, Wendy Hunter.