The following list is a selection of materials added to, or recently amended, on Perspective.
20 November 2024
Pendragon: Pensions Reference Materials – Statistics and Other Information
[stats] CPI and RPI figures updated together with inflation rates (Tables 12A and 12B)
19 November 2024
SI 2024/1167 – The Pensions (Abolition of Lifetime Allowance Charge etc) (No 3) Regulations 2024 Amendments made by these Regulations are included in this update.
House of Commons (October 2014 onwards): Debates and Oral Answers 11 November 2024 – Pensioner Poverty; Pensions Review (11 November 2024)
House of Lords (October 2014 onwards): Proceedings Relating to Secondary and Other Legislation 11 November 2024 – Judicial Pensions (Amendment) Regulations 2024 (11 November 2024)
House of Lords (October 2014 onwards): Debates and Oral Answers 14 November 2024 – State Pension (Age Increase) (14 November 2024)
UK Parliament: Parliamentary Briefing Papers – Parliamentary Briefing Papers [parl briefing] New briefing paper: Pension Scheme Investments (CBP-10146)
18 November 2024
SI 2024/1167 – The Pensions (Abolition of Lifetime Allowance Charge etc) (No 3) Regulations 2024 These Regulations are in the process of being edited. Amendments made by these Regulations will be included in a future update.
A&O Shearman LLP: What's New This Week 18 November 2024 – [Mansion House Speech: Interim Pensions Review Report and New Consultations - Accelerating Consolidation in the DC Market - DB Funding Code now in Force - High Court Overcomes Missing Documents and Execution Errors - TPR Publishes CDC Scheme Supervision and Enforcement Policy]
National Police Chiefs' Council: NPCC Police Pensions Bulletin 14 November 2024 – NPCC Police Pensions Bulletin 13 [npccbull13]
HM Revenue & Customs: Newsletters (Pension Schemes Newsletters) October 2024 – Pension Schemes Newsletter 163 - October 2024 [psn163] Updated on GOV.UK
15 November 2024
House of Commons (October 2014 onwards): Written Statements 12 November 2024 – Department for Education Local Government Pension Scheme (LGPS) Guarantee (12 November 2024)
Department for Work and Pensions/HM Treasury: Pension Reform (Pensions Review) – Pensions Investment Review: Unlocking the UK Pensions Market for Growth - Consultation on Reforms to the Defined Contribution Pension Market to Build Scale and Put Savers First
Department for Work and Pensions/HM Treasury/Ministry of Housing, Communities and Local Government: Pension Reform (Pensions Review) – Pensions Investment Review - Interim Report
Ministry of Housing, Communities and Local Government: Pension Reform (Pensions Review) – Local Government Pension Scheme (England and Wales): Fit for the Future
Department for Work and Pensions: Pension Reform (Pensions Review) – Pension Fund Investment and the UK Economy
HM Revenue & Customs: ROPS – Overseas Pensions: ROPS Notification List [rops] List dated 15 November with 15 schemes added, 2 schemes amended and 6 schemes removed
The Takeover Panel: The Takeover Code – The City Code on Takeovers and Mergers [takeover] Revised version - amendments effective from 3 February 2025
14 November 2024
Burges Salmon: Burges Salmon Legal Update 12 November 2024 – Pension Trustees Fiduciary Duties - Time for Clarification and/or Reform?
XPS Pensions: XPS Insights October 2024 – Quarterly Pensions Watch: Autumn Budget - Speculated Changes Fail to Emerge
House of Commons (October 2014 onwards): Standing/General Committee Meetings 5 November 2024 – Draft Pensions (Abolition of Lifetime Allowance Charge etc) (No 3) Regulations 2024 (5 November 2024)
Pensions Administration Standards Association: PASA Standards 1.1 – Service Agreements Updated PASA Standards 1.1, 2.1-2.3, 3.1-3.4, 4.1 and 5.1-5.2
13 November 2024
Hymans Robertson: Current Issues November 2024 – [Autumn Budget 2024: Pensions News - Extending Collectivization (Less Scary Than It Sounds) - Inflation Announcements Set Increase Expectations - Priority for MaPS Dashboard - HMRC Newsletters: October 2024 - Annual Report Season]
Norton Rose Fulbright: Commentary November 2024 – UK Pensions Briefing: Budget October 2024
The Pensions Regulator: Regulatory and Enforcement Policies – Collective Defined Contribution Schemes Supervision and Enforcement Policy
2024 USA: American Council of Life Insurers v United States Department of Labor [Pension regulators - Imposition of a rule declaring investment advisers to personal pensions to be statutory fiduciaries - Whether regulatory creep - Whether statutory authority to make such a rule]
HM Revenue & Customs: HMRC Tax Manuals PTM – Pensions Tax Manual [ptm] PTM051100, PTM056510, PTM073200 and PTM073700 updated on GOV.UK. Unannounced changes to PTM043310, PTM063230 and PTM167200.
12 November 2024
Finance Bill 2024/25 [Bill 125] (7 November 2024) Only selected provisions of this Bill have been included in this document.
2023 USA: American Council of Life Insurers v United States Department of Labor (Plaintiff Brief) [Fiduciary obligations - Whether imposition of fiduciary obligations by a government department on intermediaries was constitutional]
11 November 2024
Finance Act 2024 (as amended by SI 2024/1012 from 18/11/2024) Following user requests, we have created a special version of the Finance Act 2024 in which the amendments made by SI 2024/1012 will not show in the Current View unless the view date is set to 18/11/2024 or later
SI 2024/1143 – The Pensions Act 2004 (Code of Practice) (Defined Benefit Funding) Appointed Day Order 2024
A&O Shearman LLP: What's New This Week 11 November 2024 – [Data Breaches: New ICO Resources on Communications - FTT Dismisses Appeal Against Loss of FP2014: Lefort V HMRC]
Paul Newman KC: pensionsbarrister.com: On the Case November 2024 – Rectify Your Formal Defects Away!
SSI 2024/272 – The National Health Service Superannuation and Pension Schemes (Miscellaneous Amendment) (Scotland) Regulations 2024 Amendments made by these Regulations are included in this update.
Pendragon: Pensions Reference Materials – Statistics and Other Information
[stats] Bank Base Rates (Table 15) updated
8 November 2024
2024 Aus: Australian Securities and Investments Commission v Mercer Superannuation (Australia) [Greenwashing - Investments - Whether conduct liable to mislead the public]
2024 FTT (Tax): Haigh v HMRC [Taxation - Lifetime allowance - Fixed protection - Notice - Transitional protection - HMRC discretion - Whether tribunal should exercise HMRC discretion on public policy grounds - Ignorantia legis]
6 November 2024
House of Commons (October 2014 onwards): Debates and Oral Answers 29 October 2024 – Cost of Living (Support for Pensioners) (29 October 2024)
House of Lords (October 2014 onwards): Debates and Oral Answers 28 October 2024 – Women's State Pension Age (PHSO Report) (28 October 2024)
House of Commons (October 2014 onwards): Written Statements 30 October 2024 – Social Security (30 October 2024)
Firefighters' Pensions England Scheme Advisory Board: FPS Bulletins No 86 – FPS Bulletin 86 - October 2024 [fpsbull86]
2024 USA: Wong v New York City Employees' Retirement System [Investments - Performance - Whether investment badly managed - Whether breach of duty of loyalty and prudence - Whether member had standing to sue - Public sector plan - Defined benefit plan - Fossil fuel divestment]
5 November 2024
Paul Newman KC: pensionsbarrister.com: On the Case October 2024 – Mistaken Payments and Fixed Protection
Government Actuary's Department: Technical Bulletins 1 November 2024 – Autumn Budget 2024: GAD Technical Bulletin
Local Government Pensions Committee: LGPC Bulletin 256 – LGPC Bulletin 256 - October 2024 [lgpcbull256]
UK Parliament: Parliamentary Briefing Papers – Parliamentary Briefing Papers [parl briefing] Updated briefing papers: Reform of pension tax relief (CBP-7505), Inheriting pension rights (CBP-8635) and Pensions tax (SN00625).
HM Revenue & Customs: HMRC Tax Manuals PTM – Pensions Tax Manual [ptm] Updated on GOV.UK on 5 November 2024 to include changes made in line with the Finance (Autumn 24) Bill.
4 November 2024
A&O Shearman LLP: What's New This Week 4 November 2024 – [Autumn Budget 2024: Bringing Pensions into the Scope of IHT - Autumn Budget 2024: Overseas Transfers - HMRC: Latest Pension Schemes Newsletter - PPF: Bespoke Discount Rate for Smaller Schemes on s143 Valuations]
The Pensions Ombudsman: Factsheets & Information – The Resolution Team
Pendragon: – Spotlight on Pensions: A Guide to Pensions Practice [spotlight] Update includes new material on the Autumn Budget, pensions dashboards developments, digital Pension Wise, encouraging UK investment, the incentive effect of tax concessions and broadening CDC availability.
HM Revenue & Customs: HMRC Tax Manuals PTM – Pensions Tax Manual [ptm] Updated on GOV.UK on 30 October 2024, 31 October 2024 and 1 November 2024. Update includes changes made in line with the Finance (Autumn 24) Bill.
1 November 2024
HM Revenue & Customs: Newsletters (Pension Schemes Newsletters) October 2024 – Pension Schemes Newsletter 164 - October 2024 [psn164]
HM Revenue & Customs: ROPS – Overseas Pensions: ROPS Notification List [rops] List dated 1 November with 31 schemes added, 1 scheme amended and 19 schemes removed
31 October 2024
The Pensions Ombudsman: Annual Reports – Annual Report of the Pensions Ombudsman and Pension Protection Fund Ombudsman 2023-2024: Casework Review - Pensions Ombudsman and Casework Review - Pension Protection Fund Ombudsman
UK Parliament: Parliamentary Briefing Papers – Parliamentary Briefing Papers [parl briefing] Updated briefing paper: Inheriting Pension Rights (CBP-8635)
30 October 2024
Pension Protection Fund: Consultation Documents and Responses October 2024 – Response to Consultation: S143 Valuation Guidance
Pension Protection Fund: Guidance - Valuation Version H9 – Guidance for Undertaking the Valuation in Accordance with Section 143 of the Pensions Act 2004
Pension Protection Fund: Guidance - Valuation Version B11 – Guidance on Assumptions to Use When Undertaking a Valuation in Accordance With Section 143 of the Pensions Act 2004
Pension Protection Fund: Guidance - Valuation Version D6 – Guidance for Actuaries Undertaking the Valuation Under Section 152 of the Pensions Act 2004 and Statement Setting out how the Board of the Pension Protection Fund will make a Funding Assessment under Section 152 (10C) of the Pensions Act 2004
HM Revenue & Customs: Tax Information and Impact Notes (TIINs) October 2024 – Reducing Tax-free Overseas Transfers of Tax Relieved UK Pensions
HM Treasury/HM Revenue & Customs: Taxation (Consultation Documents) – Technical Consultation - Inheritance Tax on Pensions: Liability, Reporting and Payment
Perspective Tips [tips] Updated tip relating to Copy Location
29 October 2024
Draft Regulations – The draft Judicial Pensions (Amendment) Regulations 2024 (October 2024)
XPS Pensions: XPS Insights October 2024 – PPF Maintains Lowest Ever Levy of £100m
Ministry of Justice: Public Service Pensions (Costs) – The Judicial Pensions (Amendment) Regulations 2024: Response to Consultation on the Draft Amendment Regulations
The Pensions Ombudsman: Factsheets & Information – How to Avoid the Ombudsman Updated on TPO website in October 2024
28 October 2024
A&O Shearman LLP: What's New This Week 28 October 2024 – [TPR Publishes Pension Scam Case Studies - HMRC: Latest Pension Schemes Newsletter - TPR Blog Post on Risk-based Regulation - TPR Publishes Digital, Data and Technology Strategy]
Pensions Policy Institute: PPI Briefing Note Number 138 – Lost Pensions 2024
The Pensions Regulator: Regulatory Intervention Reports October 2024 – Friendly Pensions Limited
2024 USA: Baltimore v BP [Investments - Environmental, social and governance issues - ESG - Climate change - Fossil fuels - Fossil fuel companies - Whether fossil fuel companies knowingly contributed to pollution and environmental damage - Whether city has standing to sue - Whether deception]
The Pensions Ombudsman: Factsheets & Information – How We Investigate Complaints Updated on TPO website in October 2024
25 October 2024
Norton Rose Fulbright: Commentary October 2024 – UK Pensions Briefing: Cyber and Data Security for Pension Schemes: Key Takeaways
XPS Pensions: XPS Insights October 2024 – TPR's Interim Response to Statement of Strategy Consultation Published
Pensions Administration Standards Association: Guidance - Dashboards – Scheme Administrators Connecting AVCs to Dashboards - Guidance and Checklist
HM Revenue & Customs: Newsletters (Pension Schemes Newsletters) October 2024 – Pension Schemes Newsletter 163 - October 2024 [psn163]
UK Parliament: Parliamentary Briefing Papers – Parliamentary Briefing Papers [parl briefing] Updated briefing paper: Reform of pension tax relief (CBP-7505)
24 October 2024
Paul Newman KC: pensionsbarrister.com: In Focus October 2024 – Back Britain - But at What Cost?
CAS-110660-N2T3 – Mr N [CAS-110660-N2T3] Determinations from September 2024 can be found under "The Pensions Ombudsman" in the Table of Documents
23 October 2024
Income Tax (Earnings and Pensions) Act 2003 (as amended by SI 2024/1012 from 18/11/2024) Following user requests, we have created a special version of the Income Tax (Earnings and Pensions) Act 2003 in which the amendments made by SI 2024/1012 will not show in the Current View unless the view date is set to 18/11/2024 or later
Hymans Robertson: Current Issues October 2024 – [How the SoS Package is Made - PPF Targets £100m of Levies, Again - Questions for the Pensions Review - Regulator Parses DB Funding Data - Making Short Work of Ombudsman Cases - How the Regulator will Enforce Dashboards Compliance - HMRC Newsletters: September 2024]
House of Lords (October 2014 onwards): Proceedings Relating to Secondary and Other Legislation 21 October 2024 – Pensions Regulator Defined Benefit Funding Code of Practice 2024 (21 October 2024)
National Police Chiefs' Council: NPCC Police Pensions Bulletin 10 October 2024 – NPCC Police Pensions Bulletin 12 [npccbull12]
22 October 2024
Eversheds Sutherland: Speedbrief 17 October 2024 – Commercial Collective DC Schemes Move a Step Closer
House of Commons (October 2014 onwards): Written Statements 22 October 2024 – Pensions Dashboard (22 October 2024)
The Pensions Regulator: Corporate Information – Digital, Data and Technology Strategy - Innovating for Better Saver Outcomes
UK Parliament: Parliamentary Briefing Papers – Parliamentary Briefing Papers [parl briefing] Updated briefing paper: Pensions: International Comparisons (SN00290)
21 October 2024
Finance Act 2004 (as amended by SI 2024/1012 from 18/11/2024) Following user requests, we have created a special version of the Finance Act 2004 in which the amendments made by SI 2024/1012 will not show in the Current View unless the view date is set to 18/11/2024 or later
A&O Shearman LLP: What's New This Week 21 October 2024 – [TPR Targets Continuous Improvement on ESG Matters - PPF Guidance on Its Power to Disapply Onerous Contract Terms - TPO Update on Role of Resolution Team]
Paul Newman KC: pensionsbarrister.com: On the Case October 2024 – New from the Ombudsman's Office
Pension Protection Fund: Guidance - Onerous Contracts – PPF's Power to Modify Contracts
18 October 2024
Paul Newman KC: pensionsbarrister.com: On the Case October 2024 – Recoupment - the View from Singapore
House of Commons (October 2014 onwards): Debates and Oral Answers 7 October 2024 – Women's State Pension Age (Compensation) (7 October 2024)
House of Commons (October 2014 onwards): Written Statements 14 October 2024 – National Wealth Fund Update (14 October 2024)
Firefighters' Pensions England Scheme Advisory Board: FPS Bulletins No 85 – FPS Bulletin 85 - September 2024 [fpsbull85]
Pendragon: Pensions Reference Materials – Statistics and Other Information
[stats] CPI and RPI figures updated together with inflation rates (Tables 12A and 12B)
17 October 2024
CAS-67125-N3Q5 – Mr H [CAS-67125-N3Q5] Determinations from August 2024 can be found under "The Pensions Ombudsman" in the Table of Documents
16 October 2024
Local Government Pensions Committee: LGPC Bulletin 255 – LGPC Bulletin 255 - September 2024 [lgpcbull255]
SI 2024/1012 – The Pensions (Abolition of Lifetime Allowance Charge etc) (No 2) Regulations 2024 The remaining amendments made these Regulations have now been published.
UK Parliament: Parliamentary Briefing Papers – Parliamentary Briefing Papers [parl briefing] New briefing paper: The Old State Pension (CBP-10114)
15 October 2024
Finance Act 2004 [fa04] Note that amendments made by SI 2024/1012 to this Act, which have effect from the tax year 2024-25 but do not come into force until 18/11/24, are showing in the Current View from 06/04/2024 onwards. Links to a pdf have therefore been added, which will allow users to see this Act as in force prior to 18/11/24 but with amendments made by SI 2024/1012 highlighted in green (for new text) or underlined (text due to be repealed).
Income Tax (Earnings and Pensions) Act 2003 [itepa03] Note that amendments made by SI 2024/1012 to this Act, which have effect from the tax year 2024-25 but do not come into force until 18/11/24, are showing in the Current View from 06/04/2024 onwards. Links to a pdf have therefore been added, which will allow users to see this Act as in force prior to 18/11/24 but with amendments made by SI 2024/1012 highlighted in green (for new text) or underlined (text due to be repealed).
UK Parliament: Parliamentary Briefing Papers – Parliamentary Briefing Papers [parl briefing] Updated briefing paper: Pension Tax Relief: The Annual Allowance and Lifetime Allowance (SN05901)
HM Revenue & Customs: ROPS – Overseas Pensions: ROPS Notification List [rops] List dated 15 October with 28 schemes added and 9 schemes removed
14 October 2024
A&O Shearman LLP: What's New This Week 14 October 2024 – [Abolition of Lifetime Allowance: Further Regulations - Government Consults on Extending CDC Regime]
Finance Act 2004 [fa04] The effects of SI 2024/1012 are included in this update.
Income Tax (Earnings and Pensions) Act 2003 [itepa03] The effects of SI 2024/1012 are included in this update.
11 October 2024
SI 2024/1012 – The Pensions (Abolition of Lifetime Allowance Charge etc) (No 2) Regulations 2024 These Regulations are in the process of being edited. Amendments made by these Regulations will be included in a future update.
10 October 2024
CMPS Amendments: Pension Schemes Act 2021, as Amended This update includes selected provisions of the Pension Schemes Act 2021, as amended by the draft Occupational Pension Schemes (Collective Money Purchase Schemes) (Extension to Unconnected Multiple Employer Schemes and Miscellaneous Provisions) Regulations 2025. Please read the introductory Editorial Notes for an explanation of this document and how best to use it.
CMPS Amendments: The Occupational Pension Schemes (Collective Money Purchase Schemes) Regulations 2022, as Amended This update also includes selected provisions of the Pensions Act 2004, the Pension Schemes Act 2017, SI 1991/167, SI 1996/1847, SI 1997/785, SI 2006/349, SI 2006/759 and SI 2013/2734, as amended by both draft CDC Regulations. Please read the introductory Editorial Notes for an explanation of these documents and how best to use them.
Draft Regulations – The draft Occupational Pension Schemes (Collective Money Purchase Schemes) (Miscellaneous Amendments) Regulations 2025 (October 2024)
Department for Work and Pensions: Collective Defined Contribution Pension Schemes – The Occupational Pension Schemes (Collective Money Purchase Schemes) (Extension to Unconnected Multiple Employer Schemes and Miscellaneous Provisions) Regulations 2025
UK Parliament: Parliamentary Briefing Papers – Parliamentary Briefing Papers [parl briefing] Updated briefing paper: Pensions - Collective Defined Contribution (CDC) Schemes (CBP-8674)
9 October 2024
UK Parliament: Parliamentary Briefing Papers – Parliamentary Briefing Papers [parl briefing] New briefing paper: Pensions Tax (SN00625)
8 October 2024
Draft Regulations – The draft Pensions (Abolition of Lifetime Allowance Charge etc) (No 3) Regulations 2024 (October 2024)
7 October 2024
A&O Shearman LLP: What's New This Week 7 October 2024 – [TPR Publishes Regulatory Intervention Report: The Meghraj Pension Scheme - TPR: Latest Compliance and Enforcement Bulletin]
4 October 2024
SSI 2024/272 – The National Health Service Superannuation and Pension Schemes (Miscellaneous Amendment) (Scotland) Regulations 2024 These Regulations are in the process of being edited. Amendments made by these Regulations will be included in a future update.
TLT LLP: Public Sector Focus September 2024 – What's Coming Up in Pensions - Public Sector Focus
1 October 2024
HM Revenue & Customs: ROPS – Overseas Pensions: ROPS Notification List [rops] List dated 1 October with 22 schemes added and 17 schemes removed
30 September 2024
A&O Shearman LLP: What's New This Week 30 September 2024 – [TPR Publishes Statement of Strategy Templates - Pensions Ombudsman: Expedited Decision-Making - TPR Publishes DB Funding Analysis 2024]
The Pensions Regulator: Compliance and Enforcement Updates January-June 2024 – Compliance and Enforcement Bulletin January to June 2024
The Pensions Regulator: Regulatory Intervention Reports 1 October 2024 – The Meghraj Group Pension Scheme
27 September 2024
The Pensions Regulator: Selected Research & Analysis - DB and Hybrid Pension Schemes 2024 – Occupational Defined Benefit Scheme Funding Analysis 2024
HM Revenue & Customs: Newsletters (Pension Schemes Newsletters) September 2024 – Newsletter on the Public Service Pensions Remedy - September 2024 Updated on GOV.UK to include the addition of Appendix B
25 September 2024
The Pensions Regulator: Master Trust Bulletins September 2024 – Master Trust Bulletin
24 September 2024
Office for National Statistics: Information & Awareness/Education/Pension Information (Government Actuary/ONS Surveys) – Funded Occupational Pension Schemes in the UK: October 2023 to March 2024 - Statistical Bulletin
Financial Reporting Council: Technical Actuarial Standards - Revised TASs (from 1 July 2017) TAS 200 – Technical Actuarial Standard 200: Insurance [tas 200] Version 2.0 effective from 1 January 2025
23 September 2024
A&O Shearman LLP: What's New This Week 23 September 2024 – [HMRC: Latest Pension Schemes Newsletter - First-Tier Tribunal Rejects Fixed Protection Appeal]
The Pensions Regulator: Consultation - Consultation Reports and Responses 2024 – Interim Response to the Statement of Strategy Consultation
The Pensions Regulator: Statements – Statement of Strategy
20 September 2024
Norton Rose Fulbright: Commentary September 2024 – UK Pensions Briefing: Consultation on Listed Changes - an Update for Employers and Clarification of an Exclusion for Certain Transactions
National Police Chiefs' Council: NPCC Police Pensions Bulletin 12 September 2024 – NPCC Police Pensions Bulletin 11 [npccbull11]
19 September 2024
HM Revenue & Customs: Newsletters (Pension Schemes Newsletters) September 2024 – Newsletter on the Public Service Pensions Remedy - September 2024
18 September 2024
Pendragon: Pensions Reference Materials – Statistics and Other Information
[stats] CPI and RPI figures updated together with inflation rates (Tables 12A and 12B)
17 September 2024
HM Revenue & Customs: Newsletters (Pension Schemes Newsletters) September 2024 – Pension Schemes Newsletter 162 - September 2024 [psn162]
16 September 2024
A&O Shearman LLP: What's New This Week 16 September 2024 – [PPF Levy Consultation for 2025/26 - TPR Blog Post on Engagement with Administrators - Pension Wise Goes Digital - This Week: Pensions Academy Online, 17 and 19 September 2024]
Eversheds Sutherland: Speedbrief 13 September 2024 – Pensions Dashboards: No Time to Waste
HM Revenue & Customs: ROPS – Overseas Pensions: ROPS Notification List [rops] List dated 16 September with 19 schemes added and 1 scheme removed
13 September 2024
Pension Protection Fund: Levy Determinations - 2025/26 2025/26 – Draft Deficit-Reduction Contributions Appendix
Pension Protection Fund: Levy Determinations - 2025/26 2025/26 – Draft PPF Deficit-Reduction Contributions Guidance in Respect of the Financial Year 1 April 2025 - 31 March 2026
Pension Protection Fund: Levy Determinations - 2025/26 2025/26 – Draft Alternative Covenant Scheme Guidance 2025/26 Levy Year
UK Parliament: Parliamentary Briefing Papers – Parliamentary Briefing Papers [parl briefing] Updated briefing paper: Pensions - War widows’ pensions (SN00568)
12 September 2024
Pensions Dashboards Programme (PDP): Draft Standards – Technical Standards
Pension Protection Fund: Consultation Documents and Responses September 2024 – Levy Rules 2025/26 - Consultation Document
10 September 2024
House of Commons (October 2014 onwards): Debates and Oral Answers 3 September 2024 – Occupational Pensions (Tax Relief); Cost of Living (Support for Pensioners) (3 September 2024)
2024 SDT: Solicitors Regulation Authority v Hogarty [Auto-enrolment - Deduction of pension contributions - Failure to pay provider - Whether unprofessional conduct - Whether lack of integrity - Whether lack of integrity if informing The Pensions Regulator but not other regulators]
9 September 2024
A&O Shearman LLP: What's New This Week 9 September 2024 – [Call for Evidence: Pensions Investment Review - TPR: Dashboards Compliance and Enforcement Policy - Reminder: Pensions Academy Online]
2024 FTT (Tax): Foulkes v HMRC [Taxation - Self-invested personal pension - SIPP - Investments - Loans - Whether an unauthorised payment - Unauthorised payment surcharge - Whether reasonable]
6 September 2024
The Pensions Regulator: Regulatory and Enforcement Policies – Pensions Dashboards Compliance and Enforcement Policy
The Pensions Regulator: Consultation - Consultation Reports and Responses 2024 – Dashboards Compliance and Enforcement Policy: Consultation Response
2024 FTT (General Regulatory Chamber): Laker v HMRC [Taxation - Lifetime allowance - Fixed Protection 2012 - Meaning of 'year' - Whether 12 consecutive months or 12 aggregated months]
5 September 2024
Local Government Pensions Committee: LGPC Bulletin 254 – LGPC Bulletin 254 - August 2024 [lgpcbull254]
Department for Work and Pensions/HM Treasury/Ministry of Housing, Communities and Local Government: Pension Reform (Pensions Review) – Pensions Investment Review: Call for Evidence
2024 FTT (General Regulatory Chamber): Cambridge Rare Books v The Pensions Regulator [Auto-enrolment - The Pensions Regulator - Breach of Unpaid Contributions Notice - Issue of Fixed Penalty Notice - Escalating Penalty Notice - Whether a defence]
Perspective Tips [tips] New tip relating to the Perspective Timeline
4 September 2024
Hymans Robertson: Current Issues September 2024 – [Coming to Terms with the Pensions Review - Establishing a Common Basis for Value - Regulator Rues Minimal-effort ESG Disclosures - Fun to Stay at the N-M-P-A - HMRC Newsletters: August 2024]
Firefighters' Pensions England Scheme Advisory Board: FPS Bulletins No 84 – FPS Bulletin 84 - August 2024 [fpsbull84]
Scottish Public Pensions Agency: Local Government (2024) 2 September 2024 – Changes to the Local Government Pension Scheme (Remediable Service) (Scotland) Regulations 2023: Scottish Government Consultation 2024 Scottish Government Consultation and draft Regulations
Pendragon: – Spotlight on Pensions: A Guide to Pensions Practice [spotlight] Update includes new material on announcements in the King's Speech, the focus on consolidation, TPR's new DB funding code, PASA guidance on digital administration and the latest developments in the Virgin Media case.
3 September 2024
A&O Shearman LLP: What's New This Week 2 September 2024 – [TPR Asks Trustees to Help Shape VFM Framework - Save the Date: Pensions Academy Online]
XPS Pensions: XPS Insights September 2024 – FCA Consultation on New Value for Money Framework
2 September 2024
HM Revenue & Customs: ROPS – Overseas Pensions: ROPS Notification List [rops] List dated 2 September with 5 schemes added and 1 removed
30 August 2024
29 August 2024
27 August 2024
A&O Shearman LLP: What's New This Week 27 August 2024 – [Details of Government Pensions Review Published - Pensions Dashboards: Code of Connection - Save the Date: Pensions Academy Online]
Burges Salmon: Burges Salmon Legal Update 23 August 2024 – Getting "Data Ready" for Pensions Dashboard Connection
Barnett Waddingham: Current Issues in Pensions Financial Reporting – 30 June 2024
Norton Rose Fulbright: Commentary August 2024 – UK Pensions Briefing: Five Top Tips for Pension Dashboard Readiness
HM Revenue & Customs: HMRC Tax Manuals PTM – Pensions Tax Manual [ptm] PTM063600 updated on GOV.UK to clarify the lump sum allowance and lump sum and death benefit allowance condition
23 August 2024
Pensions Dashboards Programme (PDP): Draft Standards – Code of Connection
22 August 2024
HM Revenue & Customs: HMRC Tax Manuals PTM – Pensions Tax Manual [ptm] PTM161800, PTM174100, PTM174300 and PTM174600 updated on GOV.UK. Unannounced change to PTM175100.
21 August 2024
Financial Markets Law Committee (FMLC): Investment (Environmental, Social and Governance) – Pension Fund Trustees and Fiduciary Duties: Decision-making in the Context of Sustainability and the Subject of Climate Change Our thanks to the Financial Markets Law Committee for allowing us to include this report
2024 Ind: Canadian International School v Union of India [Benefits - Constitution - Different pension contributions for foreign workers - Whether arbitrary]
20 August 2024
2024 FTT (General Regulatory Chamber): Gianni's Glasgow v The Pensions Regulator [Auto-enrolment - Unpaid Contributions Notice - Enforcement Notice - Whether notices properly issued - Whether notices properly received - Burden of proof - The Pensions Regulator review of decisions - Time limits - Duty of Regulator to be proportionate in application of penalties]
19 August 2024
A&O Shearman LLP: What's New This Week 19 August 2024 – [Increase in NMPA from April 2028: New PASA Guidance - New Podcast Series from our Insurance Team - Save the Date: Pensions Academy Online]
Eversheds Sutherland: Speedbrief 16 August 2024 – New DB Funding Regime: Six Things You Should Know (UK)
XPS Pensions: XPS Insights August 2024 – TPR's Final Draft Funding Code Released Ahead of New Regime Coming into Effect
16 August 2024
National Police Chiefs' Council: NPCC Police Pensions Bulletin 8 August 2024 – NPCC Police Pensions Bulletin 10 [npccbull10]
Department for Work and Pensions/HM Treasury/Ministry of Housing, Communities and Local Government: Pension Reform (Pensions Review) – Terms of Reference
15 August 2024
CAS-110527-P0V7 – Mr S [CAS-110527-P0V7] Determinations from July 2024 can be found under "The Pensions Ombudsman" in the Table of Documents
2024 EAT: Clayson v Ministry of Justice [Discrimination - Part-time employees - Choice of comparator - Judicial pensions - Whether part-time recorders differed from circuit judges]
2024 USA: McCauley v The PNC Financial Services Group [Discrimination - Part-time employees - Choice of comparator - Judicial pensions - Whether part-time recorders differed from circuit judges]
HM Revenue & Customs: HMRC Tax Manuals PTM – Pensions Tax Manual [ptm] PTM062210, PTM063130, PTM063700, PTM073010, PTM145200 and PTM175310 updated on GOV.UK. Unannounced change to PTM024600.
HM Revenue & Customs: HMRC Tax Manuals – Updates to the Pensions Tax Manual [ptm updates] August 2024 updates added
HM Revenue & Customs: ROPS – Overseas Pensions: ROPS Notification List [rops] List dated 15 August with 20 schemes added and 5 removed
14 August 2024
Pensions Administration Standards Association: Guidance - Normal Minimum Pension Age – Preparing for the Change to Normal Minimum Pension Age (NMPA)
Pendragon: Pensions Reference Materials – Statistics and Other Information
[stats] CPI and RPI figures updated together with inflation rates (Tables 12A and 12B)
13 August 2024
UK Parliament: Parliamentary Briefing Papers – Parliamentary Briefing Papers [parl briefing] Updated briefing paper: Pensions - Defined Benefit Superfunds (CBP-8775)
12 August 2024
A&O Shearman LLP: What's New This Week 12 August 2024 – [Financial Conduct Authority Consults on New VFM Framework - HMRC's Latest Pension Schemes Newsletter - Save the Date: Pensions Academy Online, 17 and 19 September 2024]
9 August 2024
2024 FTT (General Regulatory Chamber): Been London Design v The Pensions Regulator [Auto-enrolment - Compliance Note - Penalty Notice - Change of address of registered office - Whether notice properly served]
2024 USA: Moore v Humana [Class action - Whether breach of fiduciary duty of prudence - Whether failure to adequately monitor other fiduciaries - Whether imprudent process' to administer a plan leading to excessive recordkeeping fees - Evidence - Expert evidence]
8 August 2024
Firefighters' Pensions England Scheme Advisory Board: FPS Bulletins No 83 – FPS Bulletin 83 - July 2024 [fpsbull83]
NEST Corporation: National Employment Savings Trust – Rules of the National Employment Savings Trust [nest rules] Contains a link to a document comparison showing the differences between this version (which comes into force on 5 August 2024) and the previous version (which came into force on 9 September 2019).
2024 FTT (General Regulatory Chamber): Caldwell v The Pensions Regulator [The Pensions Regulator - Governance - Chair's statement - Governance statement - Defined contribution scheme - Money purchase scheme - Penalty for failure to file - Penalty notice - Penalty notice]
2024 FTT (General Regulatory Chamber): Philip Freeman Mobile Welders v The Pensions Regulator [Auto-enrolment - Compliance Notice - Whether sent by Regulator - Whether received by firm - Whether presumption of service is rebuttable]
7 August 2024
HM Revenue & Customs: Newsletters (Pension Schemes Newsletters) August 2024 – Pension Schemes Newsletter 161 - August 2024 [psn161]
2021 CA: Adams v Options UK Personal Pensions [Self-invested personal pension (SIPP) - Contract between consumer and provider - Whether enforceable - Costs - Consequential relief - Quantum of loss]
2024 KB: McHale v Dunlop [Small self-administered pension scheme - Investments - Failed investments - Whether adviser liable]
6 August 2024
2024 CA: Clark v Chief Constable of Derbyshire [Equal treatment - Discrimination - Police pensions - Disablement gratuity - Whether disablement gratuity part of an occupational pension scheme]
5 August 2024
A&O Shearman LLP: What's New This Week 5 August 2024 – [DB Funding Code Laid in Parliament - TPR Updates DB Superfund Guidance - TPR Publishes Review of Trustee ESG Compliance - Save the Date: Pensions Academy Online 17 and 19 September 2024]
Hymans Robertson: Current Issues August 2024 – [Keep Calm and Keir-y on - Taking the Brakes Off Pensions in the King's Speech - Funding Code, Reprised & Revised - Early News on Promised Review - Supercharging Superfunds - Member 'Interests' Embrace Future Accrual & Salary Link - Regulator's Fine Unreasonable & Disproportionate - DC Scheme Returns]
Pension Protection Fund: Guidance - Factors (Commutation, Compensation Cap, Early Retirement, Late Retirement and Step-down) – Step-down Factors Actuarial factors from 1 November 2024
2 August 2024
Eversheds Sutherland: Speedbrief 26 July 2024 – UK Court of Appeal Says Section 37 Confirmations Required for Future Service Changes
Local Government Pensions Committee: LGPC Bulletin 253 – LGPC Bulletin 253 - July 2024 [lgpcbull253]
UK Parliament: Parliamentary Briefing Papers – Parliamentary Briefing Papers [parl briefing] Updated briefing paper: The Gender Pensions Gap (CBP-9517)
Pension Protection Fund: Guidance - Factors (Commutation, Compensation Cap, Early Retirement, Late Retirement and Step-down) – Early Retirement Factors Actuarial factors from 1 November 2024
Pension Protection Fund: Guidance - Factors (Commutation, Compensation Cap, Early Retirement, Late Retirement and Step-down) – Late Retirement Factors Actuarial Factors from 1 November 2024
1 August 2024
Pendragon: Pensions Reference Materials – Statistics and Other Information
[stats] Bank Base Rates (Table 15) updated
Pension Protection Fund: Guidance - Factors (Commutation, Compensation Cap, Early Retirement, Late Retirement and Step-down) – Commutation Factors Actuarial factors from 1 November 2024
HM Revenue & Customs: ROPS – Overseas Pensions: ROPS Notification List [rops] List dated 1 August with 17 schemes added and 12 removed
31 July 2024
The Pensions Regulator: Consultation - Consultation Reports and Responses 2024 – Response to Fast Track and Regulatory Approach Consultation
The Pensions Regulator: Selected Research & Analysis - Other Research Reports – Market Oversight: Review of Trustee Compliance with Environmental, Social and Governance Duties
30 July 2024
The Pensions Regulator: Codes of Practice (current) DB Code – Defined Benefit Funding Code of Practice [tpr db code] Draft to lie before Parliament for forty days, during which time either House
may resolve that the code be not made.
The Pensions Regulator: Codes of Practice (current) Explanatory Memorandum – Explanatory Memorandum to The Pensions Regulator's Defined Benefit Funding Code of Practice 2024
The Pensions Regulator: Consultation - Consultation Reports and Responses 2024 – Response to Our Draft DB Funding Code of Practice Consultation
The Pensions Regulator: Detailed Guidance: DB Superfunds – DB Superfunds Guidance Guidance updated to include TPR's position on capital release, some clarificatory points on investment principles 3 and 6 and some additional detail around capital-backed arrangements and insolvency circumstances
29 July 2024
A&O Shearman LLP: What's New This Week 29 July 2024 – [Court of Appeal Dismisses Virgin Media Appeal - Government Launches Pensions Review - DC Scheme Returns - Box Clever Saga Likely to End in Settlement]
Paul Newman KC: pensionsbarrister.com: On the Case July 2024 – BBC English: CA Rules on Meaning of "Interests"
Paul Newman KC: pensionsbarrister.com: On the Case July 2024 – Virgin Media: CA Gives No Respite
2023 USA: Bakery Drivers Local 550 and Industry Pension Fund v Pension Benefit Guaranty Corporation [Pension fund insolvency insurance - Pension Benefit Guaranty Corporation]
2023 UT: Secretary of State for Work and Pensions v NS [Social security - Impact on payments of right to state second pension - Obligation to disclose pension receipts by recipient of social security payments - Whether breach - Whether appropriate to impose penalty - Duty to disclose]
26 July 2024
House of Commons (October 2014 onwards): Written Answers 25 July 2024 – Pensions and Social Security Benefits (Armed Forces); State Retirement Pensions (Women); Women against State Pension Inequality (25 July 2024)
2024 Ire: Casey v Bank of Ireland [Personal pensions - Pension as security for a loan - Whether time runs from the date of the representations for the loan, or the time when the loan has crystalised]
25 July 2024
House of Commons (October 2014 onwards): Written Answers 22 July 2024 – Retirement; Mineworkers' Pension Scheme; Retirement (Public Sector); State Retirement Pensions (Women) (22 July 2024)
House of Lords (October 2014 onwards): Debates and Oral Answers 24 July 2024 – European Investment Bank (24 July 2024)
CAS-58621-D0Y0 – Mr N [CAS-58621-D0Y0] Determinations from June 2024 can be found under "The Pensions Ombudsman" in the Table of Documents
HM Revenue & Customs: Newsletters (Pension Schemes Newsletters) July 2024 – Newsletter on the Public Service Pensions Remedy - July 2024
24 July 2024
Norton Rose Fulbright: Commentary July 2024 – UK Pensions Briefing: The Pensions Regulator's Developing Approach to Enforcement of Administration Breaches
Redington: The Defined Contrarian July 2024 – The Defined Contrarian: Q2 2024
XPS Pensions: XPS Insights July 2024 – Quarterly Pensions Watch: Pension Schemes Bill Announced
House of Commons (October 2014 onwards): Debates and Oral Answers 22 July 2024 – Debate on the Address (22 July 2024)
House of Lords (October 2014 onwards): Debates and Oral Answers 22 July 2024 – King's Speech (4th Day) (22 July 2024)
CAS-56878-Q0F5 – Mrs I [CAS-56878-Q0F5] Determinations from May 2024 can be found under "The Pensions Ombudsman" in the Table of Documents
2024 USA: Piercy v AT&T [Buy-outs - Buy out with insurer - Whether private-equity backed insurer is too risky for trustees and/or plan sponsors to accept as counterparty]
23 July 2024
The Pensions Regulator: Master Trust Bulletins July 2024 – Master Trust Bulletin Our thanks to TPR for allowing us to carry its Master Trust Bulletins. The collection can be found under "The Pensions Regulator" sub-heading on the "Other Regulatory Materials" page of the Table of Documents.
2024 USA: State of Utah v Su [Investments - Fiduciary obligations - Environmental, social and governance criteria (ESG): whether to take ESG criteria into consideration - Government guidance - Whether breach of fiduciary obligations]
22 July 2024
A&O Shearman LLP: What's New This Week 22 July 2024 – [New Pension Schemes Bill Announced - Sustainability and Pension Fund Investing: Link to Webinar Recording]
CAS-44594-N4P2 – Mrs D [CAS-44594-N4P2] Determinations from April 2024 can be found under "The Pensions Ombudsman" in the Table of Documents
18 July 2024
2024 USA: Arlington Heights Police Pension Fund v Pritzker [Fund management - Investments - Consolidation of asset management of smaller pension funds - Illinois - Whether statute enforcing consolidation was constitutional - Whether constitutional protection of benefits of state employees adversely affected by consolidation of investment management - Whether member/employees have right merely to benefits or to funded benefits]
2019 Aus: McVeigh v Retail Employees Superannuation (REST) [Investments - Climate change issues - Costs - Litigation - Whether public interest litigation - Information - Whether pension fund obliged to deliver detailed information on climate change issues in relation to investments - Whether cap on costs is appropriate - Duties of superannuation trustees in relation to climate change - Australia]
17 July 2024
2023 USA: Cunningham v Cornell University [Investments - Whether breach of prudence - Whether breach of fiduciary duty - Whether duty to avoid retail funds as investments - Whether level of administrative fees unreasonable]
Pendragon: Pensions Reference Materials – Statistics and Other Information
[stats] CPI and RPI figures updated together with inflation rates (Tables 12A and 12B)
16 July 2024
2009 Ch: HR Trustees v German [Conversion of defined benefits arrangements to defined contributions - Amendment of scheme - Whether underpin required]
15 July 2024
A&O Shearman LLP: What's New This Week 15 July 2024 – [Court of Appeal: Member 'Interests' Include Future Service Benefits - First-Tier Tribunal: Time to Pay Allowed Before Escalating Penalty]
UK Parliament: Parliamentary Briefing Papers – Parliamentary Briefing Papers [parl briefing] New briefing paper: King’s Speech 2024 - Welfare and pensions (LLN-2024-0042)
HM Revenue & Customs: ROPS – Overseas Pensions: ROPS Notification List [rops] List dated 15 July with 14 schemes added and 17 removed
12 July 2024
National Police Chiefs' Council: NPCC Police Pensions Bulletin 11 July 2024 – NPCC Police Pensions Bulletin 9 [npccbull9]
11 July 2024
SSI 1990/510 – The Electricity (Protected Persons) (Scotland) Pension Regulations 1990 Added after user request
Paul Newman KC: pensionsbarrister.com: On the Case July 2024 – Proving Lost Deeds: an Australian Perspective
UK Parliament: Parliamentary Briefing Papers – Parliamentary Briefing Papers [parl briefing] Updated briefing paper: Minimum pension age (SN05847)
10 July 2024
2024 CA: Options UK Personal Pensions v Financial Ombudsman Service [Investments - Self-invested personal pension - Failed investments - Whether SIPP provider has a duty to perform due diligence on self-investments - Judicial review]
UK Parliament: Parliamentary Briefing Papers – Parliamentary Briefing Papers [parl briefing] Updated briefing paper: Pension FAQs: Occupational and Personal Pensions (CBP-9628)
8 July 2024
A&O Shearman LLP: What's New This Week 8 July 2024 – [Fixed Penalty Notice Revoked: TPR Communications not Received - Fixed Protection: Loss of Protection Confirmed Due to Benefit Accrual - Final Reminder: Sustainability and Pension Fund Investing]
5 July 2024
Eversheds Sutherland: Speedbrief 4 July 2024 – Pensions Ombudsman Revamps its Delivery Model
Hymans Robertson: Current Issues July 2024 – [Electioneering - Tribunal tide turns against Regulator - Chair's statement fining not fully mandatory - Ombudsman falls back to 'IDRP-first' position - Public sector round-up]
Firefighters' Pensions England Scheme Advisory Board: FPS Bulletins No 82 – FPS Bulletin 82 - June 2024 [fpsbull82]
2023 USA: State of Utah v Secretary of Labor [Investments - Investment policy - Adoption of environmental, social and governance (ESG) objectives - Whether ESG investing is lawful]
2024 FTT (Tax): Trachtenberg v HMRC [Self-invested personal pension (SIPP) - Investments - Loans - Tax - Whether unauthorised payment - Whether unauthorised payment surcharge]
4 July 2024
2024 FTT (Tax): NBC (Administration Services) v HMRC [Taxation - Registration of schemes with HMRC - Whether registration can be withdrawn - Pensions liberation - Whether a tribunal can review an exercise of discretion by HMRC - Request for information by HMRC - Whether out of time - Whether validly requested - Scheme sanction charge - Unauthorised payments charge]
3 July 2024
National Police Chiefs' Council: NPCC Police Pensions Bulletin 13 June 2024 – NPCC Police Pensions Bulletin 8 [npccbull8]
2017 Info Comm: X v The Pensions Regulator (No 2) [Freedom of information - Auto enrolment - Whether a right to see information held by regulator in relation to breaches - Whether information was restricted]
2 July 2024
2024 UT: A D Bly Groundworks v HMRC [Taxation - Future pension payments - Whether allowable - Unfunded unapproved retirement benefits scheme (UURBS) - Purpose of payments - Whether for pensions or tax reduction]
2024 Info Comm: X v Cabinet Office [Civil service pensions - Internal management note - Scheme Compliance Unit Directives - Whether disclosable under Freedom of Information Act]
Pendragon: – Spotlight on Pensions: A Guide to Pensions Practice [spotlight] Update includes new material on TPR's initiative on data quality, new PASA guidance on data, updated PASA guidance on Master Trust transitions, new "Check your State Pension Forecast" service from HMRC & DWP, recent TPO determination on recovering overpaid pensions, LTA developments, appeal in McCloud costs proposal, SPP guide on ESG and TPO's reinstatement of requirement to use schemes' IDRP.
1 July 2024
A&O Shearman LLP: What's New This Week 1 July 2024 – [Signposting Members to The Pensions Ombudsman - Sustainability and Pension Fund Investing: Priorities and Politics in the US, EU and UK]
Local Government Pensions Committee: LGPC Bulletin 252 – LGPC Bulletin 252 - June 2024 [lgpcbull252]
HM Revenue & Customs: ROPS – Overseas Pensions: ROPS Notification List [rops] List dated 1 July with 10 schemes added, 3 removed and 2 amended
28 June 2024
Paul Newman KC: pensionsbarrister.com: In Focus June 2024 – Illiquid SASSs: A Way Forward?
27 June 2024
Pensions Policy Institute: PPI Briefing Note General Election Briefing Note 3 – Manifestos and Later Life Provision Briefing Paper
2024 FTT (General Regulatory Chamber): Venetian Plastering North West v TPR [Auto-enrolment - Compliance - Declaration of compliance - Failure to make return - Penalty - Whether reasonable excuse for non-compliance]
26 June 2024
2024 CoP: Irwin Mitchell Trust Corporation v PW [Investments - Asset management - Conflicts of interest - Trusteeship - Fiduciary management - Whether trustee can appoint connected party to be asset manager]
25 June 2024
Norton Rose Fulbright: Commentary June 2024 – UK Pensions Briefing: General Election 2024: A New Pensions Policy Agenda?
XPS Pensions: XPS Insights June 2024 – General Election 2024: What Do the Parties' Manifestos Say About Pensions?
24 June 2024
A&O Shearman LLP: What's New This Week 24 June 2024 – [Penalty for Breach of Chair's Statement Requirements: What Does 'Must' Mean? - Tribunal Revokes 'Disproportionate and Oppressive' Escalating Penalty Notice - Presumption of Service was Rebutted by Clear Evidence - TPO Tightens Pre-complaint IDR Requirement - Sustainability and Pension Fund Investing: Priorities and Politics in the U.S., EU and UK]
Pensions Policy Institute: PPI Briefing Note General Election Briefing Note 2 – Automatic Enrolment Contributions Briefing Paper
21 June 2024
2024 KB: Farley v Paymaster (1836) [Pensions data - Data Protection Act - Whether information sent to wrong addresses has resulted in harm - Class action]
20 June 2024
Paul Newman KC: pensionsbarrister.com: In Focus June 2024 – Finance Act 2024 - New Lump Sum Rules
SR 2024/130 – The Firefighters' Pension Schemes and Compensation Scheme (Amendment) Regulations (Northern Ireland) 2024 Amendments made by these Regulations are included in this update.
19 June 2024
2023 UT: ScottishPower v HMRC [Regulation - Fines - Taxation - Whether regulatory fines deductible for tax purposes - Whether compensation to customers in lieu of fines deductible]
2024 Ch: The Tintometer v Pitmans [Advice - Legal advice - Amendment of deed - Solicitors - Whether negligent - Procedure - Costs - Litigation - Limitation periods]
Pendragon: Pensions Reference Materials – Statistics and Other Information
[stats] CPI and RPI figures updated together with inflation rates (Tables 12A and 12B)
18 June 2024
Eversheds Sutherland: Speedbrief 13 June 2024 – What Does the UK General Election Mean for Workplace Pensions?
17 June 2024
SR 2024/130 – The Firefighters' Pension Schemes and Compensation Scheme (Amendment) Regulations (Northern Ireland) 2024 Amendments made by these Regulations will be included in a future update.
A&O Shearman LLP: What's New This Week 17 June 2024 – [Manifesto Round-up - Pensions Equity Group - Reducing the Gender Pension Gap]
HM Revenue & Customs: Newsletters (Pension Schemes Newsletters) June 2024 – Newsletter on the Public Service Pensions Remedy - June 2024
2024 KB: Crescent Gas Corporation v National Iranian Oil Company [Investments - Property - Transfer from sponsor to fund - Whether subject to court order against sponsor - International pensions - Iran]
HM Revenue & Customs: ROPS – Overseas Pensions: ROPS Notification List [rops] List dated 17 June with 23 schemes added and 7 removed
14 June 2024
2024 CA: British Medical Association v HM Treasury [Public sector plans - Unfunded plans - Discrimination - Age discrimination - Judicial review]
13 June 2024
Paul Newman KC: pensionsbarrister.com: On the Case June 2024 – Trust Me, I'm a Dolphin!
TLT LLP: Public Sector Focus June 2024 – What's Coming Up in Pensions - Public Sector Focus Our thanks to TLT LLP for allowing us to carry the "Public Sector Focus" series in our Commentary collection. This series provides an update of key developments for public sector pensions. The collection can be found under the "TLT LLP" sub-heading on the "Commentary" page of the Table of Documents.
12 June 2024
2023 FTT (General Regulatory Chamber): Evans One v TPR [Auto-enrolment - Failure to file compliance notice with The Pensions Regulator - Fixed penalty notice - Compliance Notice - Failure by employer to file a redeclaration of compliance - Burden of proof]
2023 FTT (Tax): Joshi v HMRC [State pension - Qualifying years - Voluntary contributions - Whether payment date of pension affected by payment of later contributions]
11 June 2024
A&O Shearman LLP: What's New This Week 10 June 2024 – [TPR: Fine Imposed for Withholding Information - PASA Guidance: 'Data Presence v Accuracy']
2022 FTT and UT: Robins v Secretary of State for Work and Pensions [State scheme - Contracting-out - Contracted-out deduction - Survivor's benefits - Whether a person in receipt of a full state pension by virtue of their own contributions could not enjoy their spouse's derived survivor's pension in addition]
SI 2003/2682 – The Income Tax (Pay As You Earn) Regulations 2003 [paye] Reg 72 added after user request
10 June 2024
Hymans Robertson: Current Issues June 2024 – [Election circumspection - Dashboards update - Qualified support for novel DB products - Regulator looks to the future (it's only just begun) - HMRC newsletters: May 2024]
The Takeover Panel: The Takeover Code – The City Code on Takeovers and Mergers [takeover] Revised version - amendments effective from 30 April 2024
7 June 2024
Burges Salmon: Burges Salmon Legal Update 4 June 2024 – General Code of Practice: How We Can Help to Reduce the Burden
XPS Pensions: XPS Insights June 2024 – General Election Announcement Stalls Pensions-related Decisions
Firefighters' Pensions England Scheme Advisory Board: FPS Bulletins No 81 – FPS Bulletin 81 - May 2024 [fpsbull81]
5 June 2024
CAS-81732-G9M7 – Ms E [CAS-81732-G9M7] Determinations from March 2024 can be found under "The Pensions Ombudsman" in the Table of Documents
Local Government Pensions Committee: LGPC Bulletin 251 – LGPC Bulletin 251 - May 2024 [lgpcbull251]
4 June 2024
Perspective Tips [tips] New tip relating to adding deeds and other documents to Perspective
3 June 2024
Finance (No 2) Act 2024 [fa24(2)] Only selected provisions of this Act have been included in this document.
A&O Shearman LLP: What's New This Week 3 June 2024 – [HMRC Pension Schemes Newsletter 160 - Work and Pensions Committee: Key Points from Norton Inquiry - Changes to PPF Valuation Assumptions for Smaller Schemes]
House of Commons (October 2014 onwards): Debates and Oral Answers 16 May 2024 – Women's State Pension Age (Ombudsman Report); Mineworkers' Pension Scheme (16 May 2024)
HM Revenue & Customs: Newsletters (Pension Schemes Newsletters) May 2024 – Pension Schemes Newsletter 160 - May 2024 [psn160]
HM Revenue & Customs: ROPS – Overseas Pensions: ROPS Notification List [rops] List dated 3 June with 25 schemes added, 2 amended and 11 removed
31 May 2024
Paul Newman KC: pensionsbarrister.com: On the Case May 2024 – Unreported Decision on Calculation of Final Salary Underpins
House of Commons (October 2014 onwards): Debates and Oral Answers 2 May 2024 – Pension Schemes (2 May 2024) Commons debate
30 May 2024
Scottish Public Pensions Agency: Local Government (2024) May 2024 – Discretion for Administering Authorities to Determine the Amount of Exit Credit - Local Government Pension Scheme (LGPS): Scottish Government Consultation 2024 Scottish Government Consultation and draft Regulations
UK Parliament: Parliamentary Briefing Papers – Parliamentary Briefing Papers [parl briefing] Updated briefing paper: MPs' Pension Scheme (SN06283)
29 May 2024
Financial Reporting Council: Technical Actuarial Standards - Revised TASs (from 1 July 2017) TAS 310 – Technical Actuarial Standard 310: Collective Money Purchase Pensions
2024 CA: Railways Pension Trustee Company v Atos IT Services UK [Funding - Deficit - Group scheme - Sectionalised scheme - Actuarial powers - Actuarial discretion - Interpretation of level of discretion - Shared-cost scheme - Whether actuary could consider whether employee members could afford fully-increased contributions]
28 May 2024
A&O Shearman LLP: What's New This Week 28 May 2024 – [Pensions Ombudsman: Planned Changes to Operating Practices - TPR Announces Data Quality Regulatory Initiative]
24 May 2024
The Pensions Regulator: Selected Research & Analysis - DC Surveys and Reviews 2024 – Occupational Defined Contribution Landscape in the UK 2023
SR 2024/117 – The Health and Social Care Pension Schemes (Amendment No 2) Regulations (Northern Ireland) 2024 Amendments made by these Regulations are included in this update.
23 May 2024
SR 2024/116 – The Health and Social Care Pension Scheme (Member Contributions) (Amendment) Regulations (Northern Ireland) 2024
SR 2024/117 – The Health and Social Care Pension Schemes (Amendment No 2) Regulations (Northern Ireland) 2024 Amendments made by these Regulations will be included in a future update.
Norton Rose Fulbright: Commentary May 2024 – UK Pensions Briefing: Pensions Regulator Publishes its Annual Funding Statement 2024 and Corporate Plan 2024-27 in "Rapidly Shifting" Pensions Market
Paul Newman KC: pensionsbarrister.com: On the Case May 2024 – Challenging FOS Decisions: the Options Case
22 May 2024
Pendragon: Pensions Reference Materials – Statistics and Other Information
[stats] CPI and RPI figures updated together with inflation rates (Tables 17A and 17B)
Pensions Dashboards Programme (PDP): Draft Standards – Data Standards Removed “not in the future” under ‘validation’ for item 2.017
21 May 2024
Barnett Waddingham: Current Issues in Pensions Financial Reporting – 31 March 2024
20 May 2024
A&O Shearman LLP: What's New This Week 20 May 2024 – [PASA Update on Plans for Dashboards Guidance - TPR: DC Pensions Landscape Report 2023]
Pensions Policy Institute: PPI Briefing Note Number 137 – How Might CDC Develop in the UK?
