Pensions Round-Up: October 2016

Pensions Round-Up UK Series

Pensions Alert (UK)

In this edition we look at key developments from October 2016 including the following.

The Pensions Regulator

The publication of reports which look at cases concerning the power to declare scheme amendments void, failures to complete the scheme return, and the potential use of the Regulator's anti-avoidance powers.

Department for Work and Pensions

The publication of an Interim Report, which includes consultation questions, in relation to the independent review of State Pension age; an updated version of the guidance for trustees on the charge cap; and an announcement about the restructuring of statutory financial guidance providers.

Legislation

Following the introduction of the new State Pension and the end of contracting-out, the publication of new regulations in relation to bridging pensions; and the Pension Schemes Bill, which contains provisions in relation to master trusts, receiving its first reading in the House of Lords.

Case law

A judgment relating to an appeal from a Pensions Ombudsman determination concerning limitation periods and the recovery of overpayments.

Other news

HMRC's latest Countdown Bulletin in relation to the end of contracting-out; the Pensions Regulator's latest quarterly bulletin in relation to automatic enrolment compliance and enforcement; and an FCA consultation on proposed rules aimed at standardising the disclosure of transaction costs incurred by pension investments.

On the Horizon

A timeline of some of the key future developments in pensions to help employers and trustees plan ahead.

To read more on these topics, view the October 2016 edition of Pensions Round-Up.