UK: FIRMS COULD BE FINED OVER STAKEHOLDER PENSIONS
Article Abstract:
UK firms which do not offer stakeholder pensions by 8 October 2001 could be fined a total of GBu 3.86bn, according to research conducted by Legal & General, involving 1,000 companies. Legislation states that all companies with a staff of 5-49 are required to have a scheme in place by that date or be charged as much as GBu 50,000. According to the Legal & General pension strategy director, Adrian Boulding, a great deal of advice needs to be given up to October 2001 as there are over 424,000 companies of this size which have no pension scheme.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
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UK: BUREAUCRACY COULD DELAY STAKEHOLDER PENSIONS
Article Abstract:
The UK pensions industry is concerned that regulations on stakeholder pensions might not be ready in time for companies to prepare their products for launch on 6 April 2001. Issues yet to be determined are related to methods of payment and also to statement dates.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
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UK: FORMER SPG CHAIRMAN ATTACKS PENSIONS LAW
Article Abstract:
Former chairman of Sipp Provider Group (SPG), John Moret, has criticised the British government over its handling of pensions legislation in his retirement speech at the SPG AGM. Moret also attacked the government for failing to simplify the legislation.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2000
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