At Capita Hartshead we have developed a range of training courses to ensure trustees are fully conversant with the requirements of the Pensions Act. Our training builds on the e-learning tools available on the Pensions Regulator website and provides practical examples of the day to day issues faced by trustees.
PPF 7800 Index
The draft Pension Schemes (Transfers, Reorganisations and Winding Up) (Transitional Provisions) (Amendment) Order 2010 expands the number of circumstances whereby a memberís benefits can be transferred to another pension arrangement as a result of a reorganisation or wind up, and transitional protection can be retained.
Booth v Oldham MBC
Between 6 April 2010 and 5 April 2020, the State Pension Age (SPA) for women born on or after 6 April 1950 will increase from age 60 to age 65, in an effort to equalise SPAs for men and women. The change to SPA will not, however, impact on the Guaranteed Minimum Pension payment age, which is age 60 for women and age 65 for men. For schemes that have been contracted out of the State Second Pension on a salary-related basis, any GMP will remain payable from age 60 for females.
The Irish Minister for Finance has launched the Pension Insolvency Payment Scheme (PIPS), the Irish equivalent of the Pension Protection Fund, from 1 February 2010, to assist employees where the employer becomes insolvent and the defined benefit pension scheme is winding up in deficit.
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Capita Hartshead has announced that it will release DatA+ essentials, an upgraded data integrity checking service focused on the common tests detailed in the consultation paper issued by the Pensions Regulator on record keeping and measuring membersí data. The service will be available free of charge to any pension scheme that wishes to use it and is in support of the principles outlined in the paper.
Capita Hartshead hosted a seminar on 04 February 2010 to inform people about the options there are for high earners in relation to their future pension arrangements. The seminar was chaired by Louise Harris, Head of communications consultancy at Capita Hartshead and was attended by people representing a range of interests across the pensions and financial sector.