Publication
International Restructuring Newswire
Welcome to the Q2 2025 edition of the Norton Rose Fulbright International Restructuring Newswire.
Rise to normal minimum pension age becomes law
United Kingdom | Publication | March 2022
With the Finance Act 2022 receiving Royal Asset on February 24, 2022, the rise in normal minimum pension age to 57 from April 2028 is now in force.
The normal minimum pension age (or NMPA) is the earliest age from which a member can usually take their pension benefits without tax penalty. It is currently age 55 for most members.
Trustees should give careful thought to when they need to communicate this change to members, both as a matter of good practice (to allow members plenty of time to plan for the change) and from the point of view of their formal obligations to disclose information to members.
Partner
Email
lesley.browning@nortonrosefulbright.com
Recent publications
Publication
Upcoming deadlines for complying with federal pay equity legislation
Another compliance deadline is approaching under the federal Pay Equity Act – federally regulated employers are required to file an annual statement with the Office of the Pay Equity Commissioner on or before June 30, 2025, if they posted a pay equity plan in the previous year.
Subscribe and stay up to date with the latest legal news, information and events . . .