by Gail Higgins | Oct 1, 2021 | Uncategorized
Background Section 69 of the Pensions Act 2004 requires trustees and employers in relation to a pension scheme to notify the Pensions Regulator of certain events which have the potential to cause harm to the scheme. The Government is consulting on introducing two new...
by Gail Higgins | Jun 11, 2021 | Uncategorized
Summary The Pensions Regulator has published its annual funding statement, providing guidance for those schemes whose actuarial valuation dates fall between 22 September 2020 and 21 September 2021, although it should be of interest to other schemes as well. TPR...
by Gail Higgins | Apr 16, 2021 | Uncategorized
The UK Government and UK Statistics Authority confirmed on 25 November 2020 that the Retail Prices Index (RPI) is to be set equal to the CPIH (Consumer Prices Index including Housing) from 2030. There are differences between RPI and CPIH, both in the items that are...
by Gail Higgins | Jan 29, 2021 | Uncategorized
The PPF has issued the final levy rules for the 2021-22 year. This would be the first year of a new triennium, when the levy rules would be, largely, fixed for the next three years. However, in light of the Covid-19 pandemic, the PPF has decided to look at one year...
by Gail Higgins | Dec 4, 2020 | Uncategorized
The third judgment arising from the Lloyds case on “GMP equalisation” was published on 20 November 2020. The High Court ruled that historical transfers out of schemes should be revisited and equalised, although it is unclear how proactive trustees need to be in...
by Gail Higgins | Aug 7, 2020 | Uncategorized
Her Majesty’s Revenue & Customs (“HMRC”) has published guidance regarding the tax treatment of additional benefits granted to pension scheme members when schemes equalise for the effect of unequal (between men and women) Guaranteed Minimum Pensions (“GMP”). The...
