Q. I am due to retire shortly after the introduction of the new single-tier state pension in 2016. Please can you tell me how my state pension entitlement will be calculated under the new system and how will my National Insurance Contributions, paid under the current regime, be taken into account? A. Yes. The new flat-rate state… Read more »
Q. I work in local government and I am a member of the Local Government Pension Scheme. A colleague has told me that the pension scheme is set to change. Is this correct? A. Yes. Regulations were introduced recently that will govern how benefits are accrued and administered under the Local Government Pension Scheme (“LGPS”), with effect… Read more »
Q. I am the HR Manager of a well-known North-East employer. I am responsible for ensuring our compliance with the auto-enrolment / workplace pensions regime and I read with interest therefore your answer to a recent question regarding an expected “capacity crunch” amongst pension providers. I recently approached a pension adviser to source a suitable scheme… Read more »
Q. I am the Finance Director of a medium-sized employer. I have been tasked with ensuring my company’s compliance with the auto enrolment regime when we reach our staging date in early 2014. I was concerned to see a recent newspaper headline that talked about an expected “capacity crunch” amongst pension providers next year, when small… Read more »
Q. I am approaching retirement and I have modest pension savings. I had intended to purchase an annuity from the insurer who administers my personal pension, however I saw a newspaper headline recently that suggested annuity rates can vary significantly between insurers. Is this correct and, if so, what can I do to ensure that… Read more »
