by Gail Higgins | Apr 21, 2023 | Uncategorized
The Ministry of Justice has asked the Law Commission of England and Wales to conduct a review of the laws that determine how finances are divided on divorce or on dissolution of a civil partnership. The review will look at financial remedy orders, which are a key part...
by Gail Higgins | Mar 17, 2023 | Uncategorized
The Chancellor surprised the industry on 15 March, when he announced that the Lifetime Allowance (LTA) would be scrapped. The LTA stands currently at £1.073 million and anyone crystallising benefits in excess of this (and who does not have one of the many protections...
by Gail Higgins | Mar 10, 2023 | Uncategorized
The Department for Work & Pensions (DWP) has announced that the timetable governing when pension schemes are required to connect to the Pensions Dashboard will be delayed. Regulations published in 2022 provided that Mastertrusts, defined contribution schemes and...
by Gail Higgins | Jan 6, 2023 | Uncategorized
The Pensions Regulator (TPR) has published the long-awaited follow-up to its initial – 2020 – consultation on a new code of practice on scheme funding. It received broad support for the proposed twin-track approach to valuations but concerns were raised in relation to...
by Gail Higgins | Dec 23, 2022 | Uncategorized
On 13 December the Pension Protection Fund (“PPF”) published its levy determination covering the levy to be charged to schemes for the year commencing 1 April 2023. They estimate that they will collect a total levy of £200m in that year, down from £390m...
by Gail Higgins | Dec 9, 2022 | Uncategorized
Following the mini-Budget in September 2022, Gilt yields rose rapidly, leading providers of Liability-driven Investment (“LDI”) vehicles to require more collateral. The Bank of England stepped in to calm the market, announcing a programme of Gilt...
