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Pensions blog

Pensions blog

Prospect's pensions officers blog about the issues that exercise their minds.


Man with calculator

Are voluntary national insurance contributions for you?

The UK Government introduced a new state pension for people reaching state pension age from 6 April 2016. But its attempts to “improve people’s understanding of their state pension have had limited success so far” according to a recent report from the National Audit Office.


pension-blog

Once in a Lifetime (ISA)?

The Lifetime ISA was something of a rabbit pulled from a hat by George Osborne in what turned out to be the last Budget speech he delivered in March 2016.


EU parliament

Brexit - the early aftermath for pensions

A pensions blog written back in June before the Referendum in June, outlined some possible ramifications for defined benefit pension schemes if there was a vote to leave the EU.


Retired man

Pension Protection Fund - update on cap on compensation

Last week I wrote about increasing the cap on compensation from the Pension Protection Fund.


Worried man

Pension Protection Fund - increasing the cap on compensation

The Pension Protection Fund (the PPF) was established under the Pensions Act 2004 to provide compensation to members of defined benefit pension schemes facing a shortfall in their pension as a result of the insolvency of the sponsoring employer and there being insufficient assets in the scheme to pay the...