Alerts

Focusing on breaking news

• Pensions Bill 2013

  The Pensions Bill 2013 (the "Bill") was published on 10 May 2013. While its main purpose is to implement the new single tier state pension, it also contains several key measures for occupational pension schemes.

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• TPR's 2013 scheme funding statement

  TPR published its 2013 annual funding statement on 8 May 2013. This year’s annual statement is relevant for trustees and employers of all DB pension schemes, but is primarily aimed at those who are undertaking valuations with effective dates in the period 22 September 2012 to 21 September 2013.

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• Automatic Transfers for DC Pension Pots

  The introduction of automatic enrolment is expected to lead to the proliferation of dormant, often small, DC pension pots. The Government intends to address this with a system of automatic transfers to a new employer`s scheme. It has now published a Command Paper providing more detail on its proposals.

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• Pension Liberation - what trustees need to know

  There is growing evidence of a rise in pension liberation schemes and the systematic targeting of vulnerable members. This is not new; such schemes have been around for many years but often become more aggressive during times of economic hardship.
  
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• Finance (No.2) Bill is Published

  Following a consultation on draft provisions at the end of 2012,1 the Government has formally published the Finance (No.2) Bill) (the "Bill") together with a set of Explanatory notes.

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• Technical Changes to Automatic Enrolment

  Responding to industry concerns about aspects of automatic enrolment ("AE"), on 25 March 2013 the DWP issued a consultation on proposals to "improve" the process, together with draft regulations (the "Regulations").

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