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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

18th March 2024

  • LTA-Day preparation continues with new statutory override for scheme rules
  • Order to reduce tax charge on return of surplus published
  • TPR gives update on initiative to ensure compliance with value for members (“VfM”) requirements
  • TPR speech on its growing role
  • PPF blog on supporting overfunded schemes
  • FCA speech on the future of pensions

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11th March 2024

  • TPR consults on DB funding statement of strategy
  • Spring Budget 2024
  • HMRC issues new LTA guidance newsletter
  • Taskforce on Social Factors (“TSF”) publishes guide
  • DWP responds to consultation on proposed changes to the General Levy
  • WPC publishes correspondence with Pensions Minister
  • Public service pension increase and revaluation orders published
  • Social Security Revaluation of Earnings Factors Order 2024 published

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4th March 2024

  • Further pension fund reforms announced ahead of Spring Budget 2024
  • PPF sets out initial views on how a public sector consolidator could be structured
  • TPR blogs about automatic enrolment (“AE”)
  • PASA issues paper on CDC developments
  • PLSA publishes made simple guide on secure income
  • PLSA case studies on incorporating social factors in investment decisions
  • PPI publishes report on impact of lifetime provider model
  • TPO finds administrator not responsible for member’s opt-out decision

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26th February 2024

  • Finance Act 2024 receives Royal Assent
  • DWP consults on options for DB schemes
  • TPR publishes blog on ESG risks and opportunities
  • TPR announces organisational restructure
  • Pensions dashboards developments

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19th February 2024

  • HMRC publishes further LTA guidance
  • International data transfers – upcoming deadline for use of transitional standard clauses
  • PLSA issues stewardship and voting guidelines 2024
  • PPI reports on effective pensions engagement
  • PDP publishes blog on dashboards central digital architecture

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