At a time when the pensions landscape is facing substantial change, statistics published by the Office of National Statistics (ONS) provide an interesting picture of those who do not have a private pension. The detailed report and an accompanying infographic or pictorial summary sets out the characteristics of people below retirement age in Great Britain without a private pension, by age, sex, socio-economic status, education, earnings, industry, employment status and region, based on data between 2010 and 2012. The documents reveal for example that 45% of men and 49% of women in Great Britain did not have any private pension savings in this period. They also show very striking differences between types of occupation, with 95% of men and women working in accommodation and food service industries having no private pension in the UK in 2012 while the corresponding figures for public administration, defence and social security were only 7% of men and 9% of women.
HMRC Pension Newsletter 65
16 September 2014
Issue 65 of the Pension Newsletter contains useful updates as with previous issues. On this occasion there is an urgent reminder about obtaining relief at source repayments.
As well as the reminder about relief at source applications, the newsletter also includes updates about Individual protection 2014 and about progress with the movement of guidance to GOV.UK.
Reactions to pension changes
16 September 2014
We are grateful to Mercer UK for a summary of views from employers and pension providers about the future pensions landscape following the major changes introduced by the Government.
This infographic shows the views of 300 Mercer clients.
Pension schemes guidance
24 September 2014
HM Revenue & Customs (HMRC) have confirmed that their guidance on pension schemes is about to go to the GOV.UK website.
The HMRC announcement says that from the end of September 2014 all current pension schemes guidance will only be available using GOV.UK.
Revised HMRC guidance for pension administrators and trustees
18 September 2014
As part of the transition of guidance material to GOV.UK, HMRC have published revised and updated guidance and advice for pension administrators and trustees
CIPP Policy News Journal
08/04/2015, Page 389 of 521
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