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7 Days Archive

A weekly digest of developments in pensions, normally published on Monday afternoons. We collate the information from key industry sources, such as the DWP, HMRC and TPR.

7 Days Archive

28th March 2022

  • International Data Transfer Agreement comes into force
  • Spring Statement 2022
  • Pan-European personal pension product Regulation starts to apply
  • PASA releases GMP equalisation FAQs guidance
  • Further regulations implementing the McCloud judgment

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21st March 2022

  • The Occupational Pension Schemes (Master Trusts) (Amendment) Regulations 2022
  • Pension increase rate for public service pensions published
  • Pension increase rate for GMPs published
  • Update to TPR’s quick guide to the chair’s statement
  • New Pensions Ombudsman factsheet for members
  • Continued implementation of the McCloud judgment

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14th March 2022

  • Fraud compensation levy ceiling set to increase
  • Revaluation Order for public service schemes published
  • Government responds to McCloud consultations for the firefighters’ and police pension schemes
  • PPF issues statement on Ukraine
  • Punter Southall Governance Services Ltd v Benge & Anor (High Court, 1 February 2022)

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7th March 2022

  • Revaluation of Earnings Factor Order published
  • Auto-enrolment Bill will not make it through Parliament
  • TPR sets out its expectations for trustees in respect of the conflict in Ukraine
  • TPR updates DC guidance for Stronger Nudge requirements
  • Government responds to McCloud consultations for the Civil Service and NHS pension schemes
  • Dormant Assets Bill receives Royal Assent
  • BEIS publishes response to its 2020 consultation on implementing the ban on corporate directors

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28th February 2022

  • GMP fixed rate revaluation to reduce to 3.25% per annum
  • Finance (No. 2) Bill receives Royal Assent
  • Multi-employer CDC schemes by end of 2022 / early 2023
  • TPR publishes further guidance to help trustees with their new duties on climate-related governance and reporting
  • PLSA publishes its Stewardship and Voting Guidelines for 2022

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