Pensions Client Alert

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The new pensions auto-enrolment duties will begin to apply to employers from October 2012 through to September 2016 (depending on the number of people employed). Although some of the detail around the new regime is yet to be finalised, many employers are beginning to put this on the agenda to make sure they are well prepared for their new duties. This client alert, issued by Reed Smith's UK pensions group and aimed, predominantly at pension trustees, sets out an overview of what those duties entail. The alert also covers the abolition of the default retirement age and its impact on pension provision/insured benefits, as well as a round up of issues relating to the Bribery Act 2010, early access to pension savings, contracting out in money purchase pension schemes and other topics.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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