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NICO

National Insurance Contributions Office

NISPI

National Insurance Service to the Pensions Industry

NRD

Normal Retirement Date (variations - Normal Retirement Age/Normal Pension Date/Normal Pension Age)

Normal Pension Age

Often used interchangeably with terms such as Normal Pension Date, Normal Retirement Date and Normal Retirement Age. Usually used to specify the normal date at which a member becomes eligible for a normal retirement pension under the scheme's rules. Normal Pension Age, for example, also has a statutory meaning, in effect, the earliest age at which a member may take benefits without reduction or the need for consent.

Normal Minimum Pension Age

The earliest at which a member of a Registered Pension Scheme can take benefits (age 50 until April 2010, then age 55).

Notifiable Events

The Pension Regulator has listed a number of events which must be notified automatically by either the employer or the trustees.

Articles

The effects of Shari’a law on will drafting & estate planning

More and more families in the UK have some connection to Shari’a law. For the practitioner, the impact of Shari’a law raises certain challenges. First, advisers need to know that the wills they are drafting are valid. Second, Shari’a law can have an impact on standard UK estate planning.

This article summarises the conflict of law rules, to show how Shari’a law can be relevant, and then gives a very brief overview of the Shari’a laws of succession. Practical examples are included to show the issues that practitioners need to look out for.

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