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 the second half of July 2017 and August 2017 including the following.
The Pensions Regulator: the publication of a monetary penalties policy and a professional trustee description policy; and the publication of two regulatory intervention reports and a quarterly compliance and enforcement bulletin.
Automatic enrolment: the Regulator's fifth annual automatic enrolment commentary and analysis; and a call for evidence from the DWP about the alternative DB quality requirements and legislation which extends automatic enrolment to seafarers and offshore workers. We also provide a reminder that the DB transitional period ends on 30 September 2017.
Department for Work and Pensions: the government response to the December 2016 consultation on measures to tackle pension scams; the publication of DWP guidance about the cap on early exit charges; and the report of the government's review of State Pension age.
Case law: a Court of Appeal judgment about the capping of pensionable pay; and a Court of Appeal judgment about the employer's duty of good faith.
HMRC: the publication of two pension schemes newsletters, and three countdown bulletins in relation to the end of contracting-out.
On the Horizon: a timeline of some of the key future developments in pensions to help employers and trustees plan ahead.