News

Member Data Deadline

Friday, June 1, 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 target date imposed by the Regulator for complying with the standards of data set out in the guidance is December 2012. Schemes, therefore, only have a little more than 6 months to ensure their member records are up to standard.

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Current News

Cohabitee wins right to pension

The Supreme Court has ruled that a nomination requirement relating to the payment of a survivor’s pension under a public sector pension scheme discriminated against cohabiting unmarried couples and should be disapplied.

Reversing Trustee Decisions

Trustees have on occasion relied on the “Hastings Bass” rule to unwind decisions that subsequently transpire to have unintended consequences. The scope to do so has been narrowed by the recent Supreme Court judgments in the jointly heard cases of Futter and another v HMRC and Pitt and another v HMRC.

EU Solvency Rules dropped

The European Commission has announced that it is dropping its plans for a new funding regime for pension schemes.

Pensions for Mortgages

Nick Clegg announces a new government idea to allow parents to use their pensions to help children onto the property ladder.