Announcements

May 2017

Why the general election might impact how the State Pension increases

10/05/2017

As we approach the general election, State Pension provision and in particular how it increases each year, is a topic for political debate, especially as the leading parties have already declared different pledges in this regard.

Snap general election halts the decision to reduce the MPAA

04/05/2017

Following the announcement to call a snap general election, the Government has proposed changes to the Finance (No 2) Bill to expedite it before Parliament is dissolved.

April 2017

Could more people be affected by the rise in the State Pension Age?

07/04/2017

An independent report prepared by former Director-General of the Confederation of British Industry suggests that the State Pension Age should rise to age 68 by 2039.

March 2017

Treasury rules out changes to UK pension taxation process any time soon

27/03/2017

After much speculation, the pensions industry welcomed the news that the Treasury would not be looking to implement ‘significant changes’ to the UK’s pension taxation system.

Nationwide Member Nominated Trustee Director (MNTD) update

20/03/2017

​You recently received a communication from the Trustee entitled ‘Election – Cast your vote!’.

The deadline for Individual Protection 2014 approaches

20/03/2017

If you are considering applying for Individual Protection 2014 (IP 2014), the deadline to submit your application is midnight on 5 April 2017.

Budget 2017: HMRC introduces a tax charge on QROPS transfers

20/03/2017

​The Chancellor in his recent budget on 9 March 2017, announced that HM Revenue & Customs (HMRC) will introduce a 25% tax charge on Qualifying Recognised Overseas Pension Schemes (QROPS) transfers for members not in the European Economic Area (EEA), unless certain conditions apply.

February 2017

Government plans to tackle pension scams

24/02/2017

Chancellor Philip Hammond has announced positive action to prevent pension scams. He sets out three key initiatives on how the Government plans to take action.

How to protect yourself from pension scams

24/02/2017

​Taking simple steps to protect yourself from pension scams, is the best way to protect your pension scheme assets. Follow these simple steps to help protect yourself from scammers.

January 2017

Member Nominated Trustee Director (MNTD) update

09/01/2017

On behalf of the Trustee, the Electoral Reform Service​ (ERS) is managing the selection and appointment process for two new MNTDs to join the Trustee board with effect from May 2017. For those individuals who were interested in putting themselves forward, applications had to be received by ERS before 5pm on 7 November 2016.