Publication
Impact of PSR on ownership
The 2023/24 Premier League season was unusual in recent times in that events off the pitch seemed to almost take up as many column inches as the football.
United Kingdom | Publication | June 2022
The Small Pots Co-ordination Group’s spring 2022 report has recommended three models as potential solutions to the increasing number of small, deferred pension pots in the auto-enrolment space.
The three models which it recommends for further consideration are:
A recent pilot of the Member Exchange model undertaken by three master trusts has however hit a stumbling block in the form of the planned increase in the Normal Minimum Pension Age (NMPA) from 55 to 57 in 2028. As only one of the three participating master trusts has rules protecting a member’s right to continue to take their benefits at age 55, there is a concern that those members would lose their ability to access their benefits at 55 if they were transferred to another of the master trusts.
The Group will keep a watching brief as to whether the Government stance on the NMPA increase changes, but for now, hopes that further steps such as a cost/benefit analysis on each of the models will occur so that a preferred model can be identified – we await the next steps and whether a recommended model will emerge.
Publication
The 2023/24 Premier League season was unusual in recent times in that events off the pitch seemed to almost take up as many column inches as the football.
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