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Corporate governance Print E-mail
Written by Occupational Pensions   
Tuesday, 01 June 2010 00:00

FRC consulted on a revised Combined Code on Corporate Governance, renamed Corporate Governance Code, that requires performance of company boards to be externally evaluated (OP, January2010). Institutional Shareholders’ Committee (ISC) issued a new code of best practice for institutional investors on company engagement (OP, December 2009).

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Disclosure of information Print E-mail
Written by Occupational Pensions   
Tuesday, 01 June 2010 00:00

DWP consulted on draft Regs. requiring members to be given basic scheme information within one month and allowing schemes to communicate electronically (OP, February 2010).

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Divorce Print E-mail
Written by Occupational Pensions   
Tuesday, 01 June 2010 00:00

Pensions Act 2008 allows PPF payments to be shared (OP, May 2009). Government does not plan to extend pension sharing on divorce to cohabiting couples at present (OP, May 2008).

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Early retirement and pension age Print E-mail
Written by Occupational Pensions   
Tuesday, 01 June 2010 00:00

Finance Act 2004 raises minimum pension age to 55 (OP, October 2009); HMRC issued short guide. Local Government Pension Scheme (LGPS) amended to remove “85-year rule” (OP, August 2006); but subsequently Labour government consulted on protection for current staff (OP, August 2007).

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Equality Print E-mail
Written by Occupational Pensions   
Tuesday, 01 June 2010 00:00

Equality Bill consolidates and strengthens current equality legislation so as to comply with EU Directive, although implications for pensions are modest (OP, June 2009).

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