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

Key contacts

Rachel Rawnsley

Rachel Rawnsley

Partner, Head of Pensions
United Kingdom

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Jade Murray

Jade Murray

Partner, Pensions
United Kingdom

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Catherine McAllister

Catherine McAllister

Partner, Pensions
United Kingdom

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Rachel Uttley

Rachel Uttley

Partner, Pensions
United Kingdom

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