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Welcome change from presumption of responsibility...
Also: a case law round-up; capping public sector exit payments; and more.
Trustee resolution must be passed before 6 April 2016.
Ruth Bamforth, an associate in Walker Morris’s pensions team, explains to PMI tv what the Budget proposals mean for pension schemes.
More radical change for pensions download
Consultation on tax relief reform likely to lead to heated debate.
No need to aggregate redundancies.
The complainant’s daughter was employed by the Royal Borough of Kensington and Chelsea (RBKC) and was a member of the LGPS.
Guidance about how outsourced employees under the old Fair Deal can be re-admitted to the NHS Pension Scheme has been issued by the Department of Health.
Changes are to be made to the 55 per cent tax charge that applies when some lump-sum death benefits are paid from a registered pension scheme to a member’s estate.
NEST is a trust-based occupational money purchase scheme, which was established under the Pensions Act 2008.
This case law round-up focuses on two cases: Dawson (PO-596) and Chapman (PO-597).
The Pensions Regulator has finally reached a compromise in respect of the Financial Support Directions it issued in connection with the Lehman Brothers pension scheme.
Finance Bill 2014 download
On 17 July 2014, the Finance Bill received royal assent and became the Finance Act 2014 (FA 2014).
GAD — changes to the passport system download
The Government Actuary’s Department (GAD) has confirmed substantial changes to its processes for issuing ‘passport’ certificates to firms involved in public sector outsourcing projects.
The FCA has issued a consultation paper setting out rules that will require providers of workplace personal pension schemes to establish independent government committees.
The DPO has held that in recovering overpayments made incorrectly to a pension member the trustees were time-barred under statute from seeking their recovery.
Included in the Queen’s Speech on 4 June were announcements of two new pension bills: the Private Pensions Bill and the Pensions Tax Bill.
There has been a decline in the rate at which occupational pension schemes are putting in place processes to measure their data.
On 29 May 2014, the Pension Protection Fund published ‘Consultation on the second PPF Levy Triennium — 2015–16 to 2017–18’.
The Court of Appeal has held that Olympic Airlines had not experienced an insolvency event for the purposes of section 121 of the Pensions Act 2004.