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The benefits paid under basic State Pension are increased in April each year to pensioners living in the UK and in certain overseas countries which have a social security agreement with the UK that includes British pension uprating, [8] in line with the CPI. All state pensions for these pensions are protected by the "triple lock" guarantee.
Pension Wise – A free and impartial government service about your defined contribution pension options. Association of Member-Directed Pension Schemes (AMPS) – The principal body for discussing changes involved in the area of pension planning. Pensions and retirement planning (Directgov) "Pensions Bill 2007 – Impact Assessment" (PDF ...
The Local Government Pension Scheme (LGPS) is one of the largest public sector pension schemes in the United Kingdom, with 6.4 million members from 15,000 employers. [1] It is a defined benefit pension plan. Administration is carried out through 89 [2] regional pension funds such as Greater Manchester Pension Fund and London Pensions Fund ...
The total annual budget of the department in 2011–12 was £151.6 billion, representing approximately 28% of total UK Government spending. [40] The department spends a far greater share of national wealth than any other department in Britain, by a wide margin.
National Employment Savings Trust (NEST) is one of the qualifying pension schemes that employers can use to meet their new duties. It was set up as part of the government's workplace pension reforms. Nest is a trust-based defined contribution pension scheme, run by a trustee (Nest Corporation) on a not-for-profit basis.
Income drawdown is a method withdrawing benefits from a UK Registered Pension Scheme. [1] In theory, it is available under any money purchase pension scheme. However, it is, in practice, rarely offered by occupational pensions and is therefore generally only available to those who own, or transfer to, a personal pension.