The Pensions Regulator's Corporate Plan

Wednesday, May 23, 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.

Included within the plan is the 2012/2013 business plan. Areas of interest for defined benefit schemes include the Regulator’s intention to:

• set out its on-going strategy for the regulation of defined benefit schemes later this year, so that it  can target its limited resources at higher risk schemes; and
• review, and probably revise, the Code of Practice on Scheme Funding.

The training session was very good – pitched just right in terms of our knowledge levels.

Trustee - Pension Scheme

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.