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The Pensions Act 2007 (c 22) is an Act of the Parliament of the United Kingdom. It incorporated the main findings of the all-party Pensions Commission in 2006 as set out in the white paper Security in retirement: towards a new pension system [ 2 ] published in May 2006.
The triple lock ‘presents a significant fiscal challenge that no party has been willing to fully address’, a pensions expert said. Labour pledges to retain triple lock and undertake pensions ...
The center is a nonprofit consumer advocacy organization established to protect the pensions of retirees. [ 2 ] The Center provides information, referrals, and legal assistance to individuals, provides legal training to attorneys, and advocates on policy issues related to retirement income from a workers' and consumers' perspective.
The establishment of the Occupational Pensions Regulatory Authority; The Minimum Funding Requirement (MFR) to ensure that all pension schemes had a minimum amount of money; A compensation fund for pension schemes in the event of fraud; Protection for existing pension scheme benefits so that they could not be reduced in the future without member ...
Angela Rayner has refused to commit to Labour keeping the state pensions triple lock, telling BBC Breakfast on Tuesday (12 September) that the party would “not make unfunded spending commitments ...
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In the second half of the 20th century, there was a succession of legislative changes to protect pension scheme members, prevent abuse of the generous tax-reliefs available and prevent fraudulent activity. Some of these changes were precipitated by Robert Maxwell's plundering of the Mirror Pension Funds. [6]
The 1995 Pensions Act increased the state pension age for women from 60 to 65 in order to equalise the age with men, with the change to be phased in over ten years from 2010 for women born between 1950 and 1955. [3] This transition was later sped up by the 2011 Pensions Act. [4]