Included in this issue: Court increases level of Pensions Ombudsman award for maladministration; legislation passed to reduce money purchase annual allowance; Ombudsman awards £500 where revaluation information misleading and more...
- Safeway v Newton: Court of Appeal refers "Barbers window" case to EU court
- Court increases level of Pensions Ombudsman award for maladministration
- Court rejects claim that fund manager fees should be exempt from VAT
- HMRC publishes guidance on application of money laundering regulations to pension schemes
- Legislation passed to reduce money purchase annual allowance
- PPF levy developments
- Scheme ordered to re-take death benefits decision after failure to consider potential beneficiaries
- Trustees required to reimburse advice fee where transfer value wrongly quoted as over £30,000
- Ombudsman upholds complaint where administrator fails to comply with the higher standard for anti-pension scam duties
- Ombudsman awards compensation for loss of investment return based on member's personal investment history
- Ombudsman awards £500 where information did not make clear revaluation calculated over whole period of deferment rather than year by year
- New questions on scheme return
- Regulator publishes guide for trustees preparing chair's statement
- Consultation on bulk transfer of DC pensions without member consent
- Consultation on regulations requiring disclosure of costs and charges
- Government consults on draft master trust regulations
- VAT developments
- End of contracting out: HMRC will not issue statements to individuals as previously planned
- Introduction of lifetime allowance look up service
- Lifetime allowance to increase in line with CPI
- HMRC Pensions digital service
- Pension schemes need legal entity identifier (LEI) by 3 January 2018
- Publication date for pensions White Paper may now be end of February 2018
- IFRIC 14: IASB considers change to more principles-based approach
- Guidance for personalised risk warnings for members with GARs
