The Pensions Regulator has recently published a number of draft codes of practice on occupational pension schemes. The codes look at the rights of members to leave occupational pension schemes early; how to report late payments of contributions to occupational schemes; how to report late contributions to personal pensions; and guidance on how to handle Internal Disputes between eligible persons and the Trustees or Pension Fund Managers. These draft codes will be available for review and consultation until 29 July, with the final codes of practice expected to be published in December this year. The new regulations are due to come into force in April 2006.

For more information about these proposed changes, check out http://www.thepensionsregulator.gov.uk/codesAndGuidance/codes/consultation.aspx

If you would like to discuss the Pension regulations, and how they affect your business, contact us by reply to this E-Mail, and we will get back to you.

Bill Jones
POSTILLION Business Management Support
Tel: 01494 451239
Independent Advice and Support
Executive Associate, Institute for Independent Business