This guide provides a comprehensive overview of pension advice which in recent years has undergone major changes affecting both individuals and employers:
- State Pension: The pension age is now fixed at 66. However, individuals can defer receiving it until age 70. Qualification rules are also evolving.
- Auto Enrolment: Scheduled to begin in January 2026, this initiative aims to improve pension coverage and will impact all employers, regardless of existing pension schemes.
- Deferred Members: Around one-third of pension scheme members are deferred and may need guidance on whether to keep their funds deferred or transfer them to a new arrangement.
- IORP II Governance: New regulations have prompted a shift in group pension schemes, with many moving to Master Trusts, which are becoming increasingly dominant.
Please clink on link for Pension Advice For Employers & Employees – Guide