Pensions Act 2014: more change ahead
By Suzanne Burrell
The Pensions Act 2014 received royal assent on 14 May 2014, introducing important changes to the regulations for pensions. One key change is the abolition of contracting out. We will cover this in a separate update. Other key changes are summarised below.
The phased increase in state pension age from 66 to 67 was originally proposed for 2034–36. This has now been brought forward to 2026–28. It will therefore affect those born after 5 April 1960.
The act also provides that the government will regularly review (on a five-yearly basis) the state pension age to ensure that future increases are in line with potential increases in life expectancy and also the principle that people should spend a given proportion of their lives receiving a state pension…
Click on the link below to read the rest of the Shoosmiths briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Shoosmiths
News from The Lawyer
Briefings from Shoosmiths
What plans do the Conservative government intend to implement and how will this impact employers? Shoosmiths summarises the headline employment policies.
Do you agree with some of the discrimination decisions made by the courts in recent years? Shoosmiths presents three different scenarios.
Analysis from The Lawyer
Compliance and corporate governance codes for large financial institutions will undoubtedly include provisions to regulate high pay in the future
There’s more to the ABS model than attracting the man in the street and procuring external investment. Partners at the big corporate firms, take note…