by Gail Higgins | Mar 13, 2020 | Uncategorized
The Chancellor, Rishi Sunak, delivered his first Budget on 11 March. Understandably, the main focus was on assistance to companies and to individuals in the light of the Covid-19 pandemic. However, there were a few measures related to pensions that featured in the...
by Gail Higgins | Mar 6, 2020 | Uncategorized
Her Majesty’s Revenue & Customs (“HMRC”) has published its long-awaited 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...
by Gail Higgins | Feb 7, 2020 | Uncategorized
Introduction The 2020/21 year is the last year of the current triennium, during which the PPF aims to keep the calculation of the levy it charges defined benefit schemes stable. Ahead of the next triennium it has appointed Dun & Bradstreet as its insolvency risk...
by Gail Higgins | Jan 17, 2020 | Uncategorized
The Pension Schemes Bill made it to its second reading before it had to be shelved when the General Election was called. However, it has now been reintroduced, in the House of Lords, in much the same form, with only minor changes to wording in some places. The Bill...
by Gail Higgins | Dec 20, 2019 | Uncategorized
The Pension Protection Fund (“PPF”) has issued its determination on the calculation of the levy for the 2020-21 year. This is the final year of the current triennium, so no major changes are proposed. The PPF expects to collect £620 million in levies in...
by Gail Higgins | Oct 18, 2019 | Uncategorized
The Pensions Administration Standards Association (“PASA”) has issued guidance for trustees on equalising benefits to reflect unequal Guaranteed Minimum Pensions (“GMPs”) including “good practice” approaches to deal with a number of common issues not addressed by the...
