Payroll: need to know (Latest version)

Woodburn SMSF Winford Investment Superannuation Fund


Harris Retirement Annuity Trust Scheme

Isle of Man

Fluffy Personal Pension Scheme


Luca Pensions Limited

New Zealand

i-Select SMS 19 Fund

Schemes removed


Ruscojul Super Fund

Scheme amendments

Australia Cygnet Superannuation Scheme

An updated list of ROPS notifications is published on the first and 15th day of each month. If this date falls on a weekend or UK public holiday, the list will be published on the next working day.

Sometimes the list is updated at short notice to temporarily remove schemes while reviews are carried out, for example, where fraudulent activity is suspected.

The requirements to be a ROPS changed from 6 April 2017 - find out about the changes for ROPS requirements.

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Government consultation proposes two-page statements for Defined Contribution pensions 19 May 2021

Draft rules included in a consultation published by The Department for Work and Pensions (DWP) will mean that it is compulsory for providers to issue simpler statements in relation to certain Defined Contribution (DC) pension schemes used as part of auto-enrolment.

These new style pension statements will need to be limited so that they span no more than two pages, and will be required to detail:

• How much money a saver has in their pension plan, along with how much has been saved in the statement year • How much money a saver could potentially have upon retirement • How a saver could ensure that they have more money for their retirement

The new rules are due to be implemented from April 2022, and while the consultation currently only focuses on auto- enrolment, the Government intends to introduce simplicity across all schemes at some point in the future.

The Financial Times Adviser reported that Pensions Minister, Guy Opperman had said:

The Chartered Institute of Payroll Professionals

Payroll: need to know

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