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The Pensions Act 2004 was written to try to fix these deficiences. The Act introduced two new regulatory institutions: the Pensions Regulator , with the powers to require sponsoring companies to make contributions to ensure that scheme funding objectives are met; and the Pension Protection Fund , which would inherit the pension liabilities of a ...
The measures were introduced as part of the UK government's Finance Act 2004. The new regime introduced considerable freedom in the tax relievable contributions for pension schemes and the assets in which they may be invested. It was a significant change to the UK pension system at that time. [1]
An Act to make new provision for establishing pension and compensation schemes for the armed or reserve forces; to amend the Pensions Appeal Tribunals Act 1943; [l] to provide for the transfer of the property, rights and liabilities of the Royal Patriotic Fund Corporation to a registered charity; and for connected purposes.
United Kingdom general elections (elections for the House of Commons) have occurred in the United Kingdom since the first in 1802.The members of the 1801–1802 Parliament had been elected to the former Parliament of Great Britain and Parliament of Ireland, before being co-opted to serve in the first Parliament of the United Kingdom, so that Parliament is not included in the table below.
Following the passage of the Old Age Pensions Act 1908 a pension of 5/— per week (£0.25, equivalent, using the Consumer Price Index, to £33 in 2023), [2] or 7/6 per week (£0.38, equivalent to £49/week in 2023) for a married couple, was payable to persons with an income below £21 per annum (equivalent to £2800 in 2023); the qualifying ...
The chancellor confirmed that the national living wage would rise by 6.7 per cent next year, while the state pension will be uprated by 4.1 per cent, and benefits by 1.7 per cent.
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