Workplace pension updates

Customers will soon be able to view any nominated beneficiary details on their workplace pension plan.

The last date for requiring a pension scheme to pay an annual allowance charge arising from tax year 2019/20 is 31 July 2021. Here we explain more about 'scheme pays' and what employers and their employees need to do.

We recently surveyed 2000 people to carry out research into pension tax. Over a quarter of Brits say they’ve never heard of tax relief and only 15% have a full understanding of tax relief on pension contributions.

Justin Corliss, Senior Development and Technical Manager, looks at the opportunities available to advisers in the workplace pension market.

We’re adding some additional checks to our ongoing servicing of workplace pension schemes. This will further tighten our money laundering controls needed to comply with the Fourth Anti-Money Laundering Directive (4AMLD) and may impact your clients' schemes or plans.

We’ve made it easy for your clients to engage their employees in their workplace pension.

Our Senior Pensions Development and Technical Manager, Justin Corliss, considers the FCA’s strengthened position on considering a client’s workplace pension scheme as a destination for a transfer and why it might not be the best option for your clients.

Our Senior Pensions Development and Technical Manager, Moira Warner takes a look at current Government proposals to end the age discrimination in public service pension schemes and the complexity of the consequent decisions facing members.

We’ve improved our identity checking process for new workplace schemes.

Supporting you through the change.

This website is intended for financial advisers only and shouldn't be relied upon by any other person. If you are not an adviser please visit royallondon.com.

The Royal London Mutual Insurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The firm is on the Financial Services Register, registration number 117672. It provides life assurance and pensions. Registered in England and Wales number 99064. Registered office: 55 Gracechurch Street, London, EC3V 0RL.