Archive for February, 2014

Married Same Sex Couples State Pension regulations issued

Posted on: February 21st, 2014 by nwp_admin No Comments

The Social Security (Graduated Retirement Benefit) (Married Same Sex Couples) Regulations 2014 (SI 76/2014) have been issued.
The Regulations are made as a consequence of the Marriage (Same Sex Couples) Act 2013 and extend the National Insurance Act 1965 to surviving same sex spouses. The Regulations permit the surviving same sex spouse to inherit the deceased spouses graduated retirement benefit under the same circumstances as currently apply to widows, widowers and surviving civil partners.
The Regulations come into force on 13th March 2014.

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Are you missing out on pension annuity income?

Posted on: February 20th, 2014 by nwp_admin No Comments

A recent report by the Financial Conduct Authority estimates that 80% of consumers who bought an annuity from their existing pension provider could have got a better deal on the open market and are missing out on £millions in income each year.

The review (published on 14 February 2014) was the result of a detailed analysis of the annuity market, and precedes a full market study on Retirement Income by the FCA over the coming months. Call us now if you need advice on your pension or annuity 0845 094 2970