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Pension Law Reform (1993) Cm 2342, also known as the Goode Report after its leading author, Roy Goode, was a UK government commissioned inquiry into the state of pensions in the United Kingdom, which ultimately led to a set of statutory reforms in the Pensions Act 1995.
The MFR was heavily criticised in the Myners Report (2001), [1] which was a HM Treasury sponsored report into institutional investment in the UK. The Myners Report identified three problems with the MFR: For some pension funds, the level of assets under the MFR was insufficient to provide the benefits promised by the scheme
Pensions Act 1995 receives Royal Assent, proposing to phase in a state pension age for women at 65 (equalising it with that for men) over a ten-year period and introducing measures intended to safeguard occupational pension schemes.
Part VII, in sections 119 to 128, set out the rules for insolvent schemes and the duty of the Secretary of State to reimburse employees, but was then replaced by the Pensions Act 1995.. Part VIII contains rules on the relationship between requirements of the Act and scheme rules, insofar as they are overridden by the Act.
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Members of all three modern armed forces are members of the Armed Forces Pensions Scheme, which is a career average defined benefit pension scheme, and is described by the government as one of the most generous pensions available in the UK today. [34]
Retiring at age 65 or even earlier is a dream for many. But with people living longer and pension funds feeling the strain, retirement ages are rising. There are, however, some places in the world...
Inland Revenue to consult on allowing those with occupational pension schemes to take a variable pension [2] Reducing the age of qualification for Pensioners' Bonds from 65 to 60 [2] Road Tax to increase by £5 while lorry tax remains unchanged [2] Petrol and diesel to rise by 3.5p a litre from 6pm, with super unleaded petrol to rise by 4p from ...