Pensions Priorities: other developments — Regulator issues warning regarding employer contributions under DB scheme’s recovery plan
When an employer leaves a defined-benefit (DB) pension scheme, it may be required to pay a debt under section 75 of the Pensions Act 1995. That debt is generally treated separately from any amounts that the employer is required to pay under any recovery plan in place to make up a deficit in the pension scheme…
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For the tax year from 6 April 2014, the standard lifetime allowance has reduced from £1.5m to £1.25m.
One of the areas highlighted last year by the Regulator was the regulation of workplace DC pension schemes.
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