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 June 2017 and the first half of July 2017 including the following.
The Pensions Regulator: compliance and enforcement bulletins about the actions taken by the Regulator in relation to failures to submit the scheme return and to produce the chair's annual statement; funding analysis in relation to Tranche 10 and Tranche 12 schemes; and an update on the Regulator's 'TPR Future' programme.
Automatic enrolment: updates from the Regulator, including research into how employers are meeting their duties following the completion of their declaration of compliance. We also provide a reminder of issues to consider in relation to the phased increase of the statutory minimum DC contributions.
Consultations and legislation: an update about the next Finance Bill; an announcement that, following the February 2017 Green Paper, a White Paper about DB schemes will be published later this year; and the Government's responses to the consultations about early exit charges and member-borne commission and safeguarded-flexible benefits.
Case law: a judgment from the Supreme Court about the provision of survivors' benefits to civil partners and same sex spouses by occupational pension schemes.
Other news: two pension scheme newsletters from HMRC; the publication of the PPF's Strategic Plan 2017-20; The Pensions Ombudsman's Annual Report and Accounts 2016/17; and a number of publications from the FCA including the final report of its asset management market study and the interim report of the Retirement Outcomes Review.
On the Horizon: a timeline of some of the key future developments in pensions to help employers and trustees plan ahead.
Access the June/July 2017 edition of Pensions Round-Up