Welcome to the latest issue of our Pensions Trustee Quarterly Update. Read on for a round-up of legal news and developments in relation to pensions.
- Finance Act receives Royal Assent, but without Money Purchase Annual Allowance Changes
- Pension Schemes Act 2017 (introducing new master trust rules) receives Royal Assent
- New General Levy Rates introduced for large schemes
- NEST transfer restrictions and contribution limits lifted
- Judge suggests increase to Ombudsman compensation limits
- Data protection: Court holds data subject access regime subject to principle of proportionality
- Court rules on correcting benefits where new pension increase rule breached amendment power
- British Airways PLC v Airways Pension Scheme Trustee Limited
- Court considers RPI wording in pension increase rules
- Trustees could not rely on exoneration clause re failure in relation to investment duties
- Court considers meaning of "segregated scheme" under the Employer Debt Regulations
- GMP Equalisation: Court case and response to consultation
- PPF consults on its Levy policy for 2018/19 to 2020/21
- PPF publishes 2017/18 Levy Rules, plus Policy Statement on schemes without a substantive employer
- PPF plans to raise Fraud Compensation Levy in 2017/18
- PPF ordered by Ombudsman to give detailed reasons for its refusal to partially recognise contingent asset
- Regulations to enable transfer of contracted-out rights where schemes in PPF assessment period
- Transfer refusal not maladministration despite incorrect legal interpretation
- Ill-health retirement: Ombudsman considers whether new medical evidence should be considered on review
- Conservatives propose new powers for Pensions Regulator
- Annual funding statement
- Investment guidance for DB schemes
- Consultation on monetary penalties and professional trustee description
- White Paper on Great Repeal Bill
- Cap on early exit charges and prohibiting member-borne commission charges
- Changes to Employer Debt Regulations
- Three year extension to pension fund EMIR exemption
- Pensions Dashboard
- New PSC register filing requirements
- HMRC Newsletter on Scottish Rate of Income Tax
- ICAEW guidance on realised and distributable profits has significant pensions implications
Download the full update in PDF
