Housing Benefits Package

The Household Benefits Package is a package of allowances which help people with the costs of running their household. The package is available to everyone aged over 70 and to people under age 70 in certain circumstances. Only one person in a household can qualify for the package at any time. The following link gives useful […]

Pensions Authority compliance alert: Trustee Training

The Pensions Authority issued a reminder about trustee training requirements on 12 April. Trustee training can be arranged through Trident Consulting on a bespoke or general basis. Thursday, 12 April 2018: The Pensions Act (‘the Act’) requires scheme trustees to complete relevant trustee training within specified timeframes. Trustees and employers should be aware of their obligations […]

WRC Code of Practice on Longer Working

The Code of Practice on Longer Working is intended to give clarity to employers, employees and their representatives to what is reasonable as regards retirement. Employees do not have the right to work indefinitely. Employers do not have the right to impose an unjustified retirement age. Further information including how this Code may impact your workplace is available […]

Code of Practice on Longer Working

This Order (Code of Practice on Longer Working – Order made under the Industrial Relations Act 1990), signed on 20 December 2017 and made under the Industrial Relations Act 1990, declares that the draft code of practice set out in the Schedule to this Order is a code of practice for the purposes of the Industrial Relations […]

UK investment matters under investigation following FCA referral

Last week, the Financial Conduct Authority (FCA) in the UK referred the Investment Consultancy and Fiduciary Management* businesses to the Competition and Market Authority. *Where the investment management and investment consultancy are provided by the same firm. This action followed an investigation by the FCA which gave rise to a number of concerns including that: Trustees have […]

Social Welfare Bill 2017 – defined benefit pension measures

The Bill also introduces a number of measures which respond to the ongoing difficulties in Defined Benefit (DB) Occupational Pension schemes.  Firstly, it requires employers who sponsor DB schemes – whether or not those schemes are in deficit – to give 12 months’ notice of their intention to cease contributions. For a scheme in deficit, […]