Mar 20
17
The Budget on 11 March announced changes to the annual allowance and lifetime allowance that will be relevant to many ALACE members. You can read a briefing note from our pension consultant, Pete Morris, by logging in to the members' area of the... Read More »
Dec 19
8
A fully updated version of ALACE's Pensions FAQs - including annexes on the Lifetime Allowance and Annual Allowance - is now available on the website. To see it,... Read More »
Dec 19
8
A fully updated version of ALACE's comprehensive (and indispensable) Employment Guidance Notes is now available on the website. To see,... Read More »
Sep 19
13
With effect from 1 September 2019, all pension support is payable at the current rate of £90/hour. The Annual General Meeting on 3 July 2019 agreed a recommendation from the Council to an important change to the terms and conditions of membership with respect to support on pension matters. With effect from 1 September 2019, all pension support is payable at the rate of £90/hour. This applies... Read More »
Sep 19
13
The ALACE Council met on 6 September and agreed the submission of a pay claim for 2020 onwards. In line with previous years, this seeks an offer for all those covered by the Joint Negotiating Committee for Chief Executives of Local Authorities which is the same as the generality of local government staff. The JNC applies to chief executives in England, Wales and Northern Ireland - there are... Read More »
Jun 19
9
Members in their first 12 months of membership have to pay for the work done by consultants after they have used up their free allowance (which is 4 or 8 hours, depending on whether members joined for a year or two years). The hourly charge is linked to the fee that ALACE pays its consultants, which the ALACE Council on 6 June 2019 decided to increase with effect from 1 September 2019. To reflect... Read More »
Jun 19
7
ALACE's AGM will be held at 12.30pm for 1pm on Wednesday 3 July 2019 in the Granville Suite, Trouville Hotel, Priory Road, Bournemouth BH2 5DH. There will be significant items on the agenda relating to ALACE's future development, organisation and services that it offers, as well as a final chance to debate the proposed exit cap regulations (consultation closes on 3 July!). The hotel is very... Read More »
May 19
26
As ALACE members will know, Close AM/Close Brothers have provided a 'Financial Planning and Investment Management Service' for individual members for the last 8 years. Last year they also introduced a new 'Annual Allowance (AA) and Tax Return Service' to help members calculate whether or not they had a tapered AA, whether they owed any AA tax charges and, if so, how much, and how to complete... Read More »
Apr 19
10
ALACE has issued an immediate statement to draw attention to some of our concerns. To read it, click here. The ALACE Council meets in early June to consider a full response; and, if any member wishes to help contribute to that, they should contact Ian Miller, the Honorary Secretary, at... Read More »
Apr 19
10
The Treasury has today (10 April) published draft regulations, draft guidance and draft directions in respect of the £95k cap on exit payments. We will provide a full briefing to members by email tomorrow. Consultation closes on 3 July and then any regulations have to be approved by Parliament so implementation is not imminent. ALACE will respond to the consultation and will be working with... Read More »