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