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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

8th March 2021

  • Guaranteed Minimum Pensions Increase Order 2021
  • Social Security (Contributions) (Amendment) Regulations 2021
  • Budget day 2021
  • DWP publishes response to consultation on general levy review
  • FCA announcement on end of LIBOR
  • FCA to amend guidance on redress for unsuitable DB transfers to reflect change in RPI calculation
  • HMRC publishes Pension Schemes Newsletter 128
  • IFoA publishes report on ESG reporting frameworks
  • IFoA publishes report on impact of dividends and other covenant leakage on Pension Scheme Funding report
  • LGPS: statutory guidance on using new employer exit payment powers
  • PASA publishes dashboard guidance
  • Pensions Minister sets out timetable for secondary legislation under Pension Schemes Act
  • Pensions Minister updates on state pension correction exercise
  • TPR publishes regulatory report on DB pension scheme settlement

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1st March 2021

  • The Administration (Restrictions on Disposal etc to Connected Persons) Regulations 2021
  • The National Health Service Superannuation and Pension Schemes (Miscellaneous Amendments) (Scotland) Regulations 2021
  • The Restriction of Public Sector Exit Payments (Revocation) Regulations 2021
  • DWP delays response to trustee oversight of investment consultants and fiduciary managers consultation
  • AE: DWP response to consultation on the alternative quality requirements for DB and hybrid schemes, and briefing paper
  • European Commission adopts Delegated Regulations
  • FCA publishes final guidance on fair treatment of vulnerable customers
  • ICO launches data analytics toolkit
  • Judicial pensions: MoJ publishes responses to consultations and briefing paper updated
  • MAPS publishes interim report on pension guidance
  • Uber: Parliamentary Insight on Supreme Court ruling, and report
  • PDP blogs on identity service and market engagement update
  • PPF publishes corporate restructuring documents, and CIGA 2020 guidance
  • Pension taxation: PLSA and Treasury Committee reports published ahead of Budget
  • WPC launches inquiry into pension savings
  • UK agrees to EU proposal to extend provisional application of TCA until 30 April 2021

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22nd February 2021

  • European Commission publishes draft adequacy decision
  • Government expects pension schemes to monitor human rights social risks to their investments
  • Government prepares for further extension of insolvency and company law temporary easements
  • PDP launches call for input from data providers on identity standard
  • PPI publishes report on “Engaging with ESG”
  • Supreme Court rules Uber drivers are workers under Employment Rights Act 1996
  • TPR blogs on Pension Schemes Act powers and climate change strategy
  • TPR reports rising enforcement activity

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15th February 2021

  • Pension Schemes Act 2021 receives Royal Assent
  • Regulations on updated NIC amounts
  • Brexit round up: EU proposes extending provisional application of the TCA, HMRC updates social security contributions guidance, TPR updates cross-border pension schemes guidance
  • Briefing paper on frozen overseas pensions
  • Government publishes consultation on increasing the normal minimum pension age
  • IA publishes briefing on the Long-Term Asset Fund
  • PASA publish GMP equalisation tax guidance
  • Public sector exit payments cap switched off by HMT
  • Sackers survey reveals transfers to DC master trusts will continue into 2021 and beyond
  • TPR publishes podcast on pension scams

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8th February 2021

  • Pension Protection Fund and Occupational Pension Schemes (Levy Ceiling) Order 2021
  • Briefing papers published
  • HMRC issues pension schemes newsletter 127
  • Government publishes response to consultation on NHS pension scheme flexibility
  • Response to consultation on public services pension scheme transitional arrangements
  • HMT confirms UK joins the International Platform on Sustainable Finance
  • ICSWG publishes guide for assessing consultants’ climate competency
  • PPF consults on changes to section 143 and section 179 actuarial assumptions
  • TPR notes lack of climate change consideration in DC schemes
  • TPR updates information on DB and mixed benefit scheme returns

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