The PPF has confirmed its Levy estimate for 2013/14 and also consulted in relation to the basis on which the 2013/14 Levy will be calculated.
The Department for Work and Pensions (“DWP”) has recently issued a consultation paper on changes to the earnings thresholds that apply for automatic enrolment purposes.
The Pensions Regulator set targets in 2010 for schemes to improve member data.
FATCA was introduced in 2010 by the US Treasury in order to reduce the rate of tax avoidance by US taxpayers operating abroad.
The Office for National Statistics is consulting on amending the formula used to calculate RIP-based inflation.
On 10 October 2012, The Pensions Regulator published a report entitled "The defined benefit regime: evidence and analysis".
The Wheels VAT case was heard in the early part of September by the European Court of Justice.
A voluntary code of good practice on incentive exercises was issued in June 2012 in response to concerns expressed by the Pensions Minister on “bad practices”.
Civil partners do not have the same pensions rights as married members in respect of pensionable service before 5 December 2005, as the Equality Act 2010 allows pension schemes to only take into account civil partner’s rights accrued from this date – the date the Civil Partnership Act 2004 came into force (special rules apply in respect of contracted out rights).
HMRC has updated its guidance to confirm that salary sacrifice arrangements can meet auto-enrolment requirements.
The Proctor & Gamble case is the first substantial ruling on what constitutes so-called ‘Beckmann liabilities’ since the cases of Beckmann and Martin in the early 2000s.
HMRC has issued draft regulations allowing short service refund lump sums to be paid by schemes whose rules prevent “protected rights” from being paid out.