News
Pension Protection Fund (PPF) - 2013/2014 levy calculation
Wednesday 14 November 2012The 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.
Further changes proposed to the auto-enrolment regime
Tuesday 13 November 2012The 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 on record keeping
Tuesday 13 November 2012The Pensions Regulator set targets in 2010 for schemes to improve member data.
The Foreign Account Tax Compliance Act 2010 (FATCA)
Monday 12 November 2012FATCA was introduced in 2010 by the US Treasury in order to reduce the rate of tax avoidance by US taxpayers operating abroad.
Retail Prices Index (RPI) Consultation
Friday 09 November 2012The Office for National Statistics is consulting on amending the formula used to calculate RIP-based inflation.
Analysis of the defined benefit funding regime
Wednesday 17 October 2012On 10 October 2012, The Pensions Regulator published a report entitled "The defined benefit regime: evidence and analysis".
Case law - Wheels VAT case heard by ECJ
Thursday 20 September 2012The Wheels VAT case was heard in the early part of September by the European Court of Justice.
Pensions Incentive Exercises
Tuesday 24 July 2012A 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 Partnership Pension Rights
Monday 23 July 2012Civil 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).
Salary Sacrifice and Auto-Enrolment
Thursday 19 July 2012HMRC has updated its guidance to confirm that salary sacrifice arrangements can meet auto-enrolment requirements.
TUPE Transfers
Wednesday 18 July 2012The 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.
Short service refund lump sums and protected rights
Wednesday 18 July 2012HMRC has issued draft regulations allowing short service refund lump sums to be paid by schemes whose rules prevent “protected rights” from being paid out.