ARTICLE · 03 FEBRUARY 2022

Your A-Z Guide To Key Pensions-Related Developments In 2022

Herbert Smith Freehills Kramer LLP

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As you get back to your (virtual) desks, we have prepared an A-Z summary of the key pensions-related developments you can expect in the coming year.

United KingdomEmployment and HR

Happy New Year to all our readers!

As you get back to your (virtual) desks, we have prepared an A-Z summary of the key pensions-related developments you can expect in the coming year.

Auto-enrolment - This year marks the 10th anniversary of the introduction of automatic enrolment (can you believe it!). This grand social experiment has proved to be very successful in getting millions more people to save in workplace pension scheme but we can expect continued calls for the Government to extend auto-enrolment to those currently excluded and to increase the minimum contribution rates.

Benefit statements - Automatic enrolment schemes that provide money purchase benefits only will be required to issue the new simpler benefits statements from 1 October 2022.

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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