In March 2015 the Department for Work & Pensions launched a call for evidence on ‘Section 75 Employer Debt in Non-Associated Multi-Employer Defined Benefit Pension Schemes’. This is a once in a generation opportunity for charities to influence government to get legislation which is seriously damaging charities financial viability. I therefore would urge charities who participate in schemes of this type to make their views known to the DWP. I’ve included a link to an article I’ve written on Civil Society Online and our response to the Consultation which should hopefully help charities with their responses. The consultation closes on 22nd May 2015 so not much time left.
Posts Tagged ‘Department for Work and Pensions’
When encouraging change to the approach taken with charity pensions I’m constantly asked the question by large schemes and regulators – have you got any analysis of the issues. This has often been difficult to obtain and as a result the pension difficulties charities face are often all too easily ignored. Charities really need to have their voice heard and here is your chance. Charity Finance Group are carrying out a pension survey to use to better inform on the issues faced and to assist in negotiations with DWP and LGPS for a change in legislation and approach.
This is a great opportunity for charities to influence future pension policy and thinking, and to really get their views across at a high level.
I would strongly encourage charities to participate by following the link and providing your experience.
But don’t delay as the survey closes on the 7th April.
The Department for Work & Pensions have said that they will review the compensation cap to ensure that long serving workers are not unfairly penalised.
The cap is one of the fundamental elements of the PPF’s compensation structure and any change will affect the long term strategy of the PPF to be self funded by 2030. It will of course be of immediate interest to all levy payers as if any increase was agreed then the levy will increase, all else being equal. Read more »
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