Pensions

Budget 2021 freezes lifetime allowance for pension saving

XPS InsightsMarch 04 2021

The Budget on Wednesday 3 March contained little on pensions but it did confirm the lifetime savings allowance would be frozen for the next five tax years. For an employee retiring in five years’ time, it could reduce allowable savings by almost £100,000. It will also mean more employees may be caught by the cap. Our short briefing note illustrates the possible impact.

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Pensions

Pension Schemes Act 2021 gives trustees power in the fight against pension scams

XPS InsightsMarch 01 2021

Currently, most non-pensioner members of defined benefit pension schemes have an automatic statutory right to a transfer value. The Pension Schemes Act 2021 is changing this by imposing conditions on the right, intended to combat the rise in pension scams.

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Corporate

New Regulator powers will impact corporate activity in 2021

XPS Express for EmployersFebruary 26 2021

The Pension Schemes Act 2021 has now been passed into law and contains changes in a number of areas, including changes to The Pensions Regulator’s powers. These will affect a wide range of corporate activity, from transactions to everyday governance.

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Date Topic Title Publication type
Date: March 04 2021 Topic: Pensions Title: Budget 2021 freezes lifetime allowance for pension saving Publication type: XPS Insights
Date: March 01 2021 Topic: Pensions Title: Pension Schemes Act 2021 gives trustees power in the fight against pension scams Publication type: XPS Insights
Date: February 26 2021 Topic: Corporate Title: New Regulator powers will impact corporate activity in 2021 Publication type: XPS Express for Employers
Date: February 23 2021 Topic: Pensions Title: Pandemic drives new wave of benefit change Publication type: XPS Insights
Date: February 17 2021 Topic: Investment Title: Brexit, Biden and Bounceback or Bust? Publication type: XPS Insights