0370 270 6000

already registered?

Please sign in with your existing account details.

need to register?

Register to access exclusive content, sign up to receive our updates and personalise your experience on brownejacobson.com.

Privacy statement - Terms and conditions

opportunities knock…

4 February 2011

Employers who have offered good pensions for the employees have had a hard time of it over the past 15 years or so, particularly for those offering final salary schemes facing large deficits.

But the Pensions Bill may offer new opportunities for employers to offer good quality pensions to their employees at a more affordable price, whether it be through utilising the new auto enrolment obligations or simply by changing their final salary schemes to allow pension increases to be in line with the Consumer Prices Index instead of the Retail Prices Index.

Removal of the default retirement age could also save employers money in the long term with members paying contributions into pension schemes for longer.

And the Pensions Bill will extend the return of surplus deadline for resolutions to be made by schemes to 6 April 2016.

The Pensions Bill may have been intended as a measure to save the Government money, but it it also provides opportunities for employers to save a few quid too.

On 12 January 2011, the Pensions Bill 2011 was introduced in the House of Lords.

related opinions

Changes to the Job Support Scheme

The government has now announced further changes to the Job Support Scheme (now renamed the Job Support Scheme Open), with both the percentage of working hours and the employer contribution to unworked hours dropping.

View blog

The Restriction of Public Sector Exit Payments Regulations 2020

On 14 October 2020, The Restriction of Public Sector Exit Payments Regulations 2020 (the “Regulations”) were made into law and will come into force on 4 November 2020.

View blog

Employers liability for practical jokes in the workplace

The extent of vicarious liability has been tested by the courts again and this time in relation to employees engaging in horseplay and practical jokes.

View blog

Job Support Scheme

The Government has been firm that there will be no extension to the current Job Retention Scheme which is due to end on 31 October. However yesterday saw the announcement of the Job Support Scheme.

View blog

mailing list sign up



Select which mailings you would like to receive from us.

Sign up