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Insurance regulation in Asia Pacific
Ten things to know about insurance regulation in 19 countries.
Rise to normal minimum pension age becomes law
United Kingdom | Publication | March 2022
With the Finance Act 2022 receiving Royal Asset on February 24, 2022, the rise in normal minimum pension age to 57 from April 2028 is now in force.
The normal minimum pension age (or NMPA) is the earliest age from which a member can usually take their pension benefits without tax penalty. It is currently age 55 for most members.
Trustees should give careful thought to when they need to communicate this change to members, both as a matter of good practice (to allow members plenty of time to plan for the change) and from the point of view of their formal obligations to disclose information to members.
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lesley.browning@nortonrosefulbright.com
Recent publications
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Essential Corporate News – Week ending 10 January 2025
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A recent decision made by the UK's Advertising Standards Authority (ASA) brings into sharp relief the challenges for airlines to strike a balance between marketing their sustainability efforts in an understandable and compelling way, whilst avoiding criticism for “greenwashing”.
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