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The benefits paid under basic State Pension are increased in April each year to pensioners living in the UK and in certain overseas countries which have a social security agreement with the UK that includes British pension uprating, [8] in line with the CPI. All state pensions for these pensions are protected by the "triple lock" guarantee.
UK occupational pension schemes are typically jointly funded by the employer and the employees. These are called "contributory pension schemes" since the employee contributes. "Non contributory pension schemes" are where the employer funds the scheme with no contribution from the individual.
Due to its public service obligation, any UK employer can use Nest to meet its new workplace duties as set out in the Pensions Act 2008. [1] The Pensions Act 2008 established new duties which stated that employers need to provide their UK workers with access to a workplace pension plan that meets certain minimum standards. Some workers will be ...
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Newcastle Pension Centre (NPC) originally dealt with the London area, the Home Counties, and part of West Midlands. Now the service is virtual so all pension centres deal with all areas of the country. [23] Pension Tracing Service (PTS) helps track old pensions and pension schemes. [24]
PensionBee is a British online personal pension scheme provider. It was co-founded in 2014 by its chief executive officer , Romi Savova, and chief technology officer , Jonathan Lister Parsons. It is authorised and regulated by the Financial Conduct Authority .
The Pensions Regulator (TPR) is a non-departmental public body which regulates work-based pension schemes in the United Kingdom. Created under the Pensions Act 2004 , the regulator replaced the Occupational Pensions Regulatory Authority (OPRA) from 6 April 2005 [ 1 ] and has wider powers and a new proactive and risk-based approach to regulation.
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related to: check my pension online uk homepensionbee.com has been visited by 10K+ users in the past month