Pension Reform News

Prepare For 2012

It's not just the Olympics that are happening in 2012. There will also be an enormous change to the pension landscape, with the Government bringing in new responsibilities for employers to provide pensions for their staff.

Why is Pension Reform happening?

The Government wants to increase the number of people saving for their own retirement. The pension reforms mean that employers will have to make pension provision for their staff. This means either automatically enrolling them in company pension plans or in NEST (National Employment Savings Trust), a new national pension plan.

Essentially, the number of people saving for their future beyond work should increase as most employees will automatically become part of their employer's pension plans.

What are employers' new duties?

Between 2012 and 2016, employers will have new duties to automatically include most staff in a qualifying pension scheme and make payments to your chosen scheme(s) for them.

Now is the time to start planning for it, as the new employer responsibilities will impact upon your business. Whether you have one employee or one thousand and whether you have a pension plan in place already or not, you need to prepare for the changes.

We issue regular TC Brief bulletins containing the latest developments on pension reform and other financial planning issues. Please contact us for our comprehensive NEST information pack or add this website to your favourites to keep abreast of the changes.

Technical Documents

Pension Reform Fact Sheet - Jan 2012 (PDF - 105Kb)
Pension Reform Implementation Dates - Jan 2012(PDF - 48Kb)
Pension Reform Employer Checklist (PDF - 183Kb)
Nest Cautious Investment Strategy Revealed - August 2011 (PDF - 183Kb)
Pension Reform Update - Dec 2010 (PDF - 206Kb)
Pension Reform Update - Sep 2010 (PDF - 205.81Kb)
Pension Reform Update - Aug 2010 (PDF - 206.02Kb)
Pension Reform Update - April 2010 (PDF - 195.48Kb)
Pension Reform - Preparing for 2012 - Oct 2009 (PDF - 181Kb)