Red Tape Challenge

Thursday 21 June 2012

The government’s “red tape challenge” is aimed at removing outdated and unwanted regulation.

Pensions Regulator publishes guide on delivering good DC outcomes

Thursday 21 June 2012

The Pensions Regulator has published in its guide – Enabling a good member outcome in DC pensions, a list of draft key features that defined contribution schemes “need to be able to demonstrate” to show they will deliver good outcomes for retirement savers.

High Court decides pension assets may be used to pay bankrupt's creditors

Friday 15 June 2012

In this case, Raithatha v Williamson, the bankrupt, Mr Williamson, had pension savings in a scheme where the minimum age for drawing benefits is 55.

More hurdles to jump to objectively justify discrimination following Woodcock

Thursday 14 June 2012

The decision of the Court of Appeal in the case of Woodcock v Cumbria Primary Care Trust [2012] EWCA has been eagerly awaited as it was expected to determine whether consideration of costs could, on its own, justify indirect discrimination generally, and direct discrimination in relation to the protected characteristic of age.

Data Protection

Tuesday 12 June 2012

The European Commission has published proposals for major changes to data protection legislation in the EU.

DWP assists with auto-enrolment communications

Monday 11 June 2012

The DWP and the Pensions Regulator have launched a new website containing auto-enrolment communication materials for employers to use.

Changes to the law on bridging pensions

Monday 11 June 2012

It was announced in the Budget that the tax law relating to bridging pensions will change to reflect the increase in the state pension age. Bridging pensions are paid by some schemes between a member’s retirement date and the time they reach state pension age to supplement retirement income before the state pension is payable.

Consultation on disclosure of information requirements

Monday 11 June 2012

As part of the "red tape challenge" to remove unnecessary legislation, the Department for Work and Pensions (“DWP”) has issued for consultation draft regulations bringing into line the current obligation regarding disclosure of information with the auto-enrolment regime.

Longevity Statistics

Monday 04 June 2012

4% improvement in mortality rates

Supreme Court considers the law on age discrimination

Saturday 02 June 2012

In Seldon v Clarkson Wright and Jakes (a partnership) [2012] UKSC 16, the Supreme Court has confirmed that employers need to give careful consideration when seeking to justify mandatory retirement ages

Member Data Deadline

Friday 01 June 2012

In June 2010 the Pensions Regulator issued guidance on good practice in relation to record-keeping and, in particular, measuring the presence of member data and its accuracy, which are important in the administration of a pension scheme.

The Pensions Regulator's Corporate Plan

Wednesday 23 May 2012

On 22 May 2012 the Pensions Regulator issued its sixth corporate plan which sets out key areas of strategic focus for the next three years.