Pensions Round-Up: January 2017

Pensions Round-Up UK Series

Welcome to the latest edition of Pensions Round-Up which provides an overview of developments in pension legislation, case law and regulatory guidance. In this edition we look at key developments from January 2017:

The Pensions Regulator

A report about the exercise of the Regulator's power to issue a fine where trustees fail to prepare the chair's annual statement; and the publication of annual statistics on occupational DC trust-based pension schemes and memberships.

Legislation

Amendments to the regulations on the provision of information when certain lump sum death benefits are paid; and the progress of the Pension Schemes Bill through Parliament.

HMRC

The latest Countdown Bulletin in relation to the end of contracting-out; and statistics about flexible payments made in the fourth quarter of 2016.

Public service pension schemes

A judgment considering objective justification and age discrimination.

In this edition of Pensions Round-Up we also:

  • Provide a reminder of an upcoming deadline of 5 April 2017 for trustees to make amendments to their rules on revaluation of Guaranteed Minimum Pensions
  • Look ahead to some developments expected in 2017 that may require trustees and employers to take action
  • Provide a timeline of some of the key future developments in pensions to help employers and trustees plan ahead