New cap on public sector exit payments set to be introduced
Last month, the government finally published draft regulations setting out how it intends to limit pay-offs to public sector workers, nearly four years after it first said it would tackle the issue of six-figure termination packages. On 10 April, the… Read on
Increase in minimum pension contributions from April 2019 will see take home pay fall
Staff who are automatically enrolled into their employer’s workplace pension scheme will have to pay higher contributions from 6 April this year and this will result in a reduction to take home pay for many. These changes only apply to… Read on
Changes to pension schemes discriminated against younger members
Two recent Employment Appeal Tribunal (EAT) decisions highlight how pension scheme changes can put younger employees at a disadvantage and be discriminatory on the grounds of age. Background When an employer makes changes to employees’ pension benefits it is… Read on
£42,000 auto-enrolment penalty
The Pensions Regulator has recently raised a £42,000 penalty for failure to comply with the auto-enrolment rules. The company in questions is Johnsons Shoe Company, and the excuse that it was “too busy” to comply with the auto-enrolment rules did… Read on
The duty of good faith – how far can it go?
Could an employer be legally bound by a broad statement that they would make no further changes to their pension scheme, even though this was not written into a contract? Yes, where this leads to a reasonable expectation on the… Read on
New pension rules in force
A new government scheme under which employees must be automatically enrolled in a pension scheme was launched on 1 October. Under the scheme, employers must provide access to a pension scheme for workers who are over 22 and earning more… Read on
