Government Pensions Update

 

The Coalition Government has published it's full document on its programme for government.  They have announced that compulsory annuitisation at age 75 is to cease, State Pension Age is to rise to 66 and the contract for administering NEST is to be re-examined.  Although the NEST contract is being reviewed this does not necessarily mean NEST will not come into force.  The new Government has already stated that it is committed to the principle of automatically enrolling people into pensions.

More information will follow as soon as it is available.

The date for the post-election Budget is 22nd June 2010, when it is expected that further announcements will be made.

 

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