31 March 2020
HM Revenue & Customs: Newsletters (Pension Schemes Newsletters) March 2020 – Pension Schemes Newsletter 118 [psn118]
30 March 2020
SI 2020/355 – The Occupational and Personal Pension Schemes (General Levy) (Revocation) Regulations 2020
Pensions Policy Institute: PPI Briefing Note Number 117 – Automatic Enrolment: A Success Worth Building On
27 March 2020
Burges Salmon: Burges Salmon Legal Update 9 March 2020 – Local Government Pension Scheme: Reform of the Rules on Exit Credits Announced
26 March 2020
Coronavirus Act 2020 [ca20] This document is in the process of being edited. Only selected provisions of this Act have been included in this document.
House of Commons (October 2014 onwards): Written Statements 25 March 2020 – Pensions Update (25 March 2020)
Pendragon: Pensions Reference Materials – Statistics and Other Information [stats] CPI and RPI figures updated together with inflation rates (Tables 17A and 17B)
25 March 2020
Burges Salmon: Burges Salmon Legal Update 27 February 2020 – The Pension Schemes Bill - a Company Director's Perspective
2020 ECJ: AT v Pensions-versicherungsanstalt [European Union - Freedom of movement]
2019 ECJ: College Pension Plan of British Columbia v Finanzamt Munchen Abteilung III [European Union - Reference for a preliminary ruling - Free movement of capital - Taxation - Double taxation treaty - Difference in treatment between resident pension funds and non-resident pension funds - Legislation of a Member State allowing resident pension funds to reduce their taxable profits by deducting the reserves intended to pay for pensions and to set the tax levied on dividends off against corporation tax - Comparability of situations - Whether justification]
24 March 2020
Coronavirus Bill 2019-21 [HL Bill 110] (24 March 2020) Selected provisions only.
The Pensions Regulator: Guidance - Other Guidance and Documents – COVID-19: An Update For Trustees, Employers and Administrators
23 March 2020
Pensions Climate Industry Risk Group: Investment (Environmental, Social and Governance) – Aligning Your Pension Scheme with the TCFD Recommendations
2019 FTT (Tax): Rowland v HMRC [Taxation - Self-invested personal pension - Investments - Unauthorised payments surcharge - Whether just and reasonable]
2020 Ch: Wales v CBRE Managed Services [Personal pensions - Group personal pension plan - Insured pensions - Commission -
Intermediary - Whether commission payable after contract expired]
20 March 2020
Coronavirus Bill 2019-21 [Bill 122] (19 March 2020) Selected provisions only.
Draft Regulations – The draft Occupational and Personal Pension Schemes (Automatic Enrolment) (Amendment) Regulations 2020 (March 2020)
Draft Order – The draft Automatic Enrolment (Offshore Employment) (Amendment) Order 2020 (March 2020)
19 March 2020
SI 2020/235 – The Guaranteed Minimum Pensions Increase Order 2020
The Pensions Regulator: Memoranda of Understanding & Other Joint Documents – Framework Document Between The Pensions Regulator & The Department for Work and Pensions
2020 Ch: Financial Conduct Authority v Avacade [Pensions fraud - Procedure - Whether joint defendant can apply for delay or discharge on the grounds of ill-health - SIPPs]
18 March 2020
2020 QB: British Medical Association v Secretary of State for Health and Social Care [Benefits - Forfeiture - Amendment of power to permit suspension as well as forfeiture even where pension in payment - Whether legal - Whether breach of human rights - Whether breach of public sector equality obligation]
17 March 2020
House of Commons (October 2014 onwards): Written Statements 16 March 2020 – Automatic Enrolment into Workplace Pensions (Seafarers and Offshore Workers) (16 March 2020)
HM Revenue & Customs: Tax Information and Impact Notes (TIINs) March 2020 – Pensions Tax Changes to Income Thresholds for Calculating the Tapered Annual Allowance from 6 April 2020
Department for Work and Pensions: Investment (Environmental, Social and Governance) – TCFD for Trustees of Pension Schemes: Quick Start Guide
16 March 2020
Government Actuary's Department: Technical Bulletins 13 March 2020 – Budget 2020
HM Treasury: Indexation – A Consultation on the Reform to Retail Prices Index Methodology
HM Revenue & Customs: ROPS – Overseas Pensions: ROPS Notification List [rops] List dated 16 March 2020 with 11 schemes added and one removed
13 March 2020
SI 2020/290 – The Pensions Increase (Review) Order 2020
Burges Salmon: Burges Salmon Legal Update 20 February 2020 – Trustee Incorporation - an Aid to Good Governance?
Eversheds Sutherland: Speedbrief 3 March 2020 – Consultation on the Pensions Regulator's New DB Funding Code - What You Need to Know
12 March 2020
Cabinet Office: Public Service Pensions (Consultations) – Report on Proposed Amendment to the Public Service (Civil Servants and Others) Pensions Regulations 2014 (Report 3)
Cabinet Office: Public Service Pensions (Consultations) – Report on proposed amendment to the Civil Service (Other Crown Servants) Pensions Scheme Regulations 2016 (Report 4)
Civil Service Pensions: Civil Service Pensions – Principal Civil Service Pension Scheme (Amendment) Scheme 2020
Pension Schemes Bill 2019/21 [HL Bill 104] (4 March 2020) This update includes a link to a comparison document between HL Bill 4 (7 January 2020) and HL Bill 104 (4 March 2020) as well as links to Acts as amended by the Pension Schemes Bill 2019/21 [HL Bill 104].
11 March 2020
The Pensions Regulator: Consultation - Consultation Reports and Responses 2020 – Defined Benefit Funding Code of Practice
10 March 2020
SI 2020/230 – The Public Service Pensions Revaluation Order 2020
9 March 2020
Government Actuary's Department: Technical Bulletins 6 March 2020 – The Pensions Regulator (TPR) Defined Benefit Funding Consultation
6 March 2020
Draft Order – The draft Automatic Enrolment (Earnings Trigger and Qualifying Earnings Band) Order 2020 (March 2020)
Eversheds Sutherland: Speedbrief 26 February 2020 – Trusteeship and Accreditation: Where Are We Now?
Norton Rose Fulbright: Commentary February 2020 – Pension Scheme Trustees
Bills -- Passage through Parliament: Pension Schemes Bill (2019-20) 4 March 2020 – Pension Schemes Bill: Committee Stage (Fourth Day) (Lords) (4 March 2020)
5 March 2020
House of Commons (October 2014 onwards): Written Statements 5 March 2020 – Reaching State Pension Age on Universal Credit (5 March 2020)
Department for Work and Pensions: Taxation (General) – The Occupational and Personal Pension Schemes (General Levy) (Amendment) Regulations 2020 - Government Response
Government Actuary's Department: Scheme Funding and Insolvency (Code of Practice) – Modelling the Long-term Funding Objective: Likely Outcomes of Different Approaches
4 March 2020
SI 2020/195 – The Occupational and Personal Pension Schemes (General Levy) (Amendment) Regulations 2020 (revoked)
Bills -- Passage through Parliament: Pension Schemes Bill (2019-20) 2 March 2020 – Pension Schemes Bill: Committee Stage (Third Day) (Lords) (2 March 2020)
The Pensions Regulator: Consultation - Consultation Reports and Responses 2020 – Consultation Overview: Quick Guide to Our Defined Benefit Funding Consultation The full consultation on DB funding standards will be available on Perspective shortly.
3 March 2020
House of Lords (October 2014 onwards): Debates and Oral Answers 25 February 2020 – War Widows' Pension (25 February 2020)
Local Government Pensions Committee: LGPC Bulletin 194 – LGPC Bulletin - February 2020 [lgpcbull194]
Association of British Insurers: Information & Awareness/Education/Pension Information (General) – Five Years On: Future-proofing the Freedoms
Home Office: Occupations (Police Pensions) – Report to Parliament in Respect of Extending the Current Member Contribution Rates for the Police Pensions Regulations 2015
2 March 2020
Ministry of Housing, Communities & Local Government (formerly Department for Communities and Local Government): Local Government (2020) – Local Government Pension Scheme: Partial Government Response on Changes to the Local Valuation Cycle and the Management of Employer Risk
HM Revenue & Customs: HMRC Tax Manuals PTM010000 – Pensions Tax Manual [ptm] Updated to reflect various changes on GOV.UK in February. Update includes the addition of pages PTM071100 to PTM071500 and page PTM072210.
29 February 2020
Bills -- Passage through Parliament: Pension Schemes Bill (2019-20) 26 February 2020 – Pension Schemes Bill: Committee Stage (Second Day) (Lords) (26 February 2020)
28 February 2020
Firefighters' Pensions England Scheme Advisory Board: FPS Bulletins No 29 – FPS Bulletin 29 - February 2020 [fpsbull29]
HM Revenue & Customs: Newsletters (Pension Schemes Newsletters) February 2020 – Pension Schemes Newsletter 117 [psn117]
SI 2020/179 – The Local Government Pension Scheme (Amendment) Regulations 2020 Amendments made by these Regulations are included in this update.
26 February 2020
Spotlight on Pensions Bulletin: LeGrand View February 2020 – Improving Pensions Policymaking
Bills -- Passage through Parliament: Pension Schemes Bill (2019-20) 24 February 2020 – Pension Schemes Bill: Committee Stage (First Day) (Lords) (24 February 2020)
House of Commons (October 2014 onwards): Written Statements 25 February 2020 – Public Service Pension Scheme Indexation and Revaluation 2020 (25 February 2020) Public Service Pension Scheme Indexation and Revaluation 2020
The Pensions Regulator: Compliance and Enforcement Updates October - December 2019 – Compliance and Enforcement: Quarterly Bulletin October - December 2019
25 February 2020
Corporation Tax Act 2009 [cta09] Selected provisions only. Added after user request.
21 February 2020
Hymans Robertson: Current Issues February 2020 – [The Pension Schemes Bill (Reprised) - RPI Consultation Delay - Regulator Trumpets BHS Contribution Notices - New Duties for IGCs - Regulator Leverage & Liquidity Research - Purple Book 2019 & DB Landscape - HMRC Newsletters]
HM Revenue & Customs: Newsletters (Pension Schemes Newsletters) February 2020 – Guaranteed Minimum Pension (GMP) Equalisation Newsletter - February 2020 [psn116a]
Local Government Association: TPS Bulletins Bulletin 67 – TPS Bulletin 67 - February 2020 [tpsbull067]
20 February 2020
SSI 2020/31 – The Local Government Pension Scheme (Miscellaneous Amendments) (Scotland) Regulations 2020
19 February 2020
Burges Salmon: Burges Salmon Legal Update 30 January 2020 – PPF Re-certification
The Pensions Regulator: Selected Research & Analysis - DC Surveys and Reviews 2020 – DC Trust: Scheme Return Data 2019-2020
The Pensions Regulator: Regulatory Intervention Reports February 2020 – House of Fraser Regulatory Intervention Report
SSI 2020/30 – The National Health Service Superannuation and Pension Schemes (Miscellaneous Amendments) (Scotland) Regulations 2020 Amendments made by these Regulations are included in this update.
18 February 2020
PO-19486 – Mrs H [PO-19486] Determinations from November 2019 can be found under "The Pensions Ombudsman" in the Table of Documents
European Union (Withdrawal Agreement) Act 2020 [euwa20] Amendments made by this Act are included in this update.
13 February 2020
House of Commons (October 2014 onwards): Written Statements 13 February 2020 – Automatic Enrolment Earnings Trigger and Qualifying Earnings Band Review 2020/21 (13 February 2020)
Perspective Tips [tips] New tip relating to 'Recently Opened Documents'
11 February 2020
SI 2020/123 – The Local Government Pension Scheme (Buckinghamshire Structural Changes) (Amendment) Regulations 2020
The Pensions Regulator: Consultation - Consultation Reports and Responses 2020 – Future of Trusteeship and Governance
10 February 2020
2019 USA: Ariana M v Humana Health Plan of Texas [Health benefits - Insurance policy - Discretion of insurer - Coverage denied -
Whether exercise of discretion was abuse - Legal fees - Whether recoverable when claim was rejected]
2019 Can: Austin v Bell Canada [Benefits - Indexation - Construction - Oxford comma - Whether Oxford comma applies - Importance of punctuation - Whether legally induced comma]
7 February 2020
Draft Regulations – The draft Social Security (Contributions) (Rates, Limits and Thresholds Amendments and National Insurance Funds Payments) Regulations 2020 (February 2020)
2019 Ch: Colart International Holdings v Colart Pension Trustees [Documentation - Drafting Guaranteed minimum pensions - Indexation - Rectification]
2019 UT: McFadzean v HMRC [Tax - Tax relief - Pension scheme sanction charges - Scheme administrator - Where does liability lie - Change of scheme administrator - Procedure - Whether compulsory appointment as scheme administrator amounts to breach of European Convention of Human Rights' right to privacy]
2016 Ch: NHS Business Services Authority v Williams [NHS pension scheme - Retirement age - Pensionable employment - Definition - Pensions Ombudsman appeal - Whether a nursery nurse is a nurse]
2019 CA: Sun Capital Partners III v New England Teamsters & Trucking Industry Pension Fund [Liabilities - Mergers and acquisitions - Deficit - Private equity - Whether
liabilities transfer with acquisition of business - Whether deficit infects private equity funds held in a pooled fund]
6 February 2020
2019 SC: Miller v Ministry of Justice [Discrimination - Equal treatment - Judges - Whether part-timers discriminated against - Whether distinction between salaried and fee-paid judges]
2019 Ch: Sharp v Blank (HBOS) [Investments - Shareholdings - Security class actions - Directors' liability - Whether personal liability - Whether failure to disclose information to shareholders would have affected outcome]
5 February 2020
2019 Ch: Toone v Ross [Employee benefit trust - Liquidation of plan sponsor - Payments to directors - Whether payments to employee benefits trusts are regarded as payment of dividends
- Whether unlawful]
4 February 2020
SI 2020/101 – The Pension Protection Fund and Occupational Pension Schemes (Levy Ceiling and Compensation Cap) Order 2020
Eversheds Sutherland: Speedbrief 31 January 2020 – PPF Levy 2020/21: Deadlines are Approaching
Norton Rose Fulbright: Commentary January 2020 – UK Pensions Briefing - The Takeover Code
House of Commons (October 2014 onwards): Debates and Oral Answers 30 January 2020 – War Widows' Pension Scheme (30 January 2020)
3 February 2020
House of Commons (October 2014 onwards): Written Statements 30 January 2020 – War Pensions Scheme Uprating 2020 (30 January 2020)
Firefighters' Pensions England Scheme Advisory Board: FPS Bulletins No 28 – FPS Bulletin 28 - January 2020 [fpsbull28]
Local Government Pensions Committee: LGPC Bulletin 193 – LGPC Bulletin - January 2020 [lgpcbull193]
31 January 2020
XPS Pensions: Briefing Note – The PPF Consults on New D&B Insolvency Risk Scores
House of Commons (October 2014 onwards): Debates and Oral Answers 23 January 2020 – State Pension Age Increase (Transitional Arrangements) (23 January 2020)
House of Commons (October 2014 onwards): Debates and Oral Answers 27 January 2020 – Pension Fund Investments (Climate Change); Topical Questions (Defined Benefit Transfer Advice) (27 January 2020)
House of Commons (October 2014 onwards): Debates and Oral Answers 28 January 2020 – UKAEA Public Service Pension Scheme (28 January 2020)
The Pensions Regulator: Regulatory Intervention Reports January 2020 – Arcadia Group Limited
30 January 2020
Barnett Waddingham: Current Issues in Pensions Financial Reporting – 31 December 2019
29 January 2020
Bills -- Passage through Parliament: Pension Schemes Bill (2019-20) 28 January 2020 – Pension Schemes Bill: Second Reading (Lords) (28 January 2020)
HM Revenue & Customs: Newsletters (Pension Schemes Newsletters) January 2020 – Pension Schemes Newsletter 116 [psn116]
27 January 2020
Pendragon: – Spotlight on Pensions: A Guide to Pensions Practice [spotlight] Update includes new material on guaranteed minimum pension equalisation, DB scheme deferred debt arrangements, guidance for master trust transition, the PLSA's retirement living standards initiative, the extended remit for Independent Governance Committees, the FRC's Stewardship Code 2020 and new TPR guidance on trustees' duties when working with providers of investment consultancy and fiduciary management services.
23 January 2020
Pension Protection Fund: Purple Book – The Purple Book: DB Pensions Universe Risk Profile (2019) [purple19]
22 January 2020
2019 Ch: Blatchford Ltd v Blatchford [Documentation - Amendment - Whether mistake in drafting - Rectification - Test for rectification - Indexation - Conflict between provisions of rules - Whether court can accept lower interpretation]
2019 FTT (Tax): Hughes v HMRC [Taxation - Unauthorised member payment - Loan to member - Whether associated - Registered pension scheme - Charge - Surcharge]
2019 Ch: Sanderson v NHS Business Services Authority [NHS pension scheme - Survivor's benefits - Widower's benefits - Part-time employee - Whether a scheme contributor when not working - Whether full or deferred benefits payable - Whether death during pensionable employment]
2019 FTT (Tax): West v HMRC [Tax - Unauthorised payment - Unauthorised payment charge - Whether tribunal has discretion to disallow the charge]
21 January 2020
HM Revenue & Customs: HMRC Countdown Bulletins (ending of contracting-out) Issue 51 – Countdown Bulletin (January 2020)
The Pensions Regulator: Determination Notices 2017/18 – BHS Pension Schemes - Determination Notice
The Pensions Regulator: Selected Research & Analysis - DB and Hybrid Pension Schemes 2019 – The Pensions Landscape - Defined Benefit Pensions 2019
2019 Sh Ct: Cook v The Accountant in Bankruptcy [Insolvency - Bankruptcy - Whether pension vests in trustee in bankruptcy when withdrawn from pension plan as a lump sum - Whether treated as income]
2019 Ire: Parkin [Insolvency - Personal insolvency - Bankruptcy - Whether pension entitlements should be regarded as an asset of the debtor - Civil service pension - Whether civil service pension protected - Ireland]
20 January 2020
Financial Guidance and Claims Act 2018 as amended by the Pension Schemes Bill 2019/21 [HL Bill 104] This document shows the text of the Financial Guidance and Claims Act 2018 as amended by the Pension Schemes Bill 2019/20 [HL Bill 4]. Please read the introductory Editorial Note for an explanation of the document and how best to use it.
Pensions Act 2004 as amended by the Pension Schemes Bill 2019/21 [HL Bill 104] This document shows the text of the Pensions Act 2004 as amended by the Pension Schemes Bill 2019/20 [HL Bill 4]. Please read the introductory Editorial Note for an explanation of the document and how best to use it.
Pensions Act 2011 as amended by the Pension Schemes Bill 2019/21 [HL Bill 104] This document shows the text of the Pensions Act 2011 as amended by the Pension Schemes Bill 2019/20 [HL Bill 4]. Please read the introductory Editorial Note for an explanation of the document and how best to use it.
Pension Schemes Act 2015 as amended by the Pension Schemes Bill 2019/21 [HL Bill 104] This document shows the text of the Pension Schemes Act 2015 as amended by the Pension Schemes Bill 2019/20 [HL Bill 4]. Please read the introductory Editorial Note for an explanation of the document and how best to use it.
Pension Schemes Act 2017 as amended by the Pension Schemes Bill 2019/21 [HL Bill 104] This document shows the text of the Pension Schemes Act 2017 as amended by the Pension Schemes Bill 2019/20 [HL Bill 4]. Please read the introductory Editorial Note for an explanation of the document and how best to use it.
17 January 2020
Financial Services and Markets Act 2000 as amended by the Pension Schemes Bill 2019/21 [HL Bill 104] This document shows the text of the Financial Services and Markets Act 2000 as amended by the Pension Schemes Bill 2019/20 [HL Bill 4]. Please read the introductory Editorial Note for an explanation of the document and how best to use it.
Pensions Act 1995 as amended by the Pension Schemes Bill 2019/21 [HL Bill 104] This document shows the text of the Pensions Act 1995 as amended by the Pension Schemes Bill 2019/20 [HL Bill 4]. Please read the introductory Editorial Note for an explanation of the document and how best to use it.
Pensions Act 2008 as amended by the Pension Schemes Bill 2019/21 [HL Bill 104] This document shows the text of the Pensions Act 2008 as amended by the Pension Schemes Bill 2019/20 [HL Bill 4]. Please read the introductory Editorial Note for an explanation of the document and how best to use it.
Pension Schemes Act 1993 as amended by the Pension Schemes Bill 2019/21 [HL Bill 104] This document shows the text of the Pension Schemes Act 1993 as amended by the Pension Schemes Bill 2019/20 [HL Bill 4]. Please read the introductory Editorial Note for an explanation of the document and how best to use it.
16 January 2020
Pension Schemes Bill 2019/21 [HL Bill 4] (7 January 2020) This update includes a link to a comparison document between HL Bill 5 (15 October 2019) and HL Bill 4 (7 January 2020).
15 January 2020
Local Government Pensions Committee: LGPC Bulletin 192 – LGPC Bulletin - December 2019 [lgpcbull192]
HM Revenue & Customs: Newsletters (Pension Schemes Newsletters) January 2020 – Managing Pension Schemes Service Newsletter [psn115a]
2019 ECJ: Palo v European Commission [European Union - Seconded employee - Pension contributions to a private pension system - Whether entitled to repayment of such contributions - Legitimate
expectations]
14 January 2020
Hymans Robertson: Current Issues January 2020 – [Polished-up Pension Schemes Bill Promised - Higher PPF Compensation for Some - but 100% Protection Not Universal - PPF: 2020/21 Levy Details & 2021/22 Insolvency Risk Methodology - The Pensions Regulator: Compliance & Enforcement Update - PASA Master Trust Transition Guidance - Stop-gap AA Taper Fixes for the NHS - Deadline for Part-timer Discrimination Claims - New Government, Fresh Budget]
HM Revenue & Customs: HMRC Countdown Bulletins (ending of contracting-out) Issue 50 – Countdown Bulletin (December 2019)
2019 Ch: Airways Pension Scheme Trustee v Fielder [Amendments - Increase of benefits - Discretionary increases - Powers of trustees - Disputes - Settlement - Court approval for settlement - Procedure]
13 January 2020
2019 Ch: Financial Conduct Authority v Avacade [Pensions liberation - Regulation - Procedure - Disclosure - Whether adequate disclosure - Duty of regulator to disclose - Adequate disclosure - Regulator's personal computers]
2019 ECJ: Safeway v Newton [Equal treatment - Discrimination - 'Barber window' - Whether equalisation of benefits takes effect from the date of announcement to members or from the date of execution of deed where the deed contains retrospective powers]
10 January 2020
9 January 2020
PO-24270 – Ms I [PO-24270] Determinations from October 2019 can be found under "The Pensions Ombudsman" in the Table of Documents
7 January 2020
6 January 2020
XPS Pensions: XPS Pensions News December 2019 – Pensions Past, Present and Yet to Come
3 January 2020
SI 2019/1458 – The Civil Partnership (Opposite-sex Couples) Regulations 2019 Selected provisions only.
2 January 2020
Firefighters' Pensions England Scheme Advisory Board: FPS Bulletins No 27 – FPS Bulletin 27 - December 2019 [fpsbull27]
26 December 2019
The Pensions Regulator: Compliance and Enforcement Updates July - September 2019 – Compliance and Enforcement: Quarterly Bulletin July - September 2019
24 December 2019
Local Government Association: TPS Bulletins Bulletin 66 – TPS Bulletin 66 - December 2019 [tpsbull066]
23 December 2019
SSI 2019/438 – The Local Government Pension Scheme (Increased Pension Entitlement) (Miscellaneous Amendments) (Scotland) Regulations 2019 Amendments made by these Regulations will be included in a future update
Burges Salmon: Burges Salmon Legal Update 18 December 2019 – Civil Partnership Regulations 2019: Implications for Pension Schemes
Eversheds Sutherland: Speedbrief 20 December 2019 – Cases for Christmas - Some Last Minute Pension Treats
Pensions Policy Institute: PPI Briefing Note Number 116 – PPI "Question Time" Election Special Event December 2019
Pension Protection Fund: Consultation Documents and Responses December 2019 – Introduction of Insolvency Risk Services with Dun & Bradstreet and Consultation on Changes to our Insolvency Scoring Methodology from 2021/22
20 December 2019
2019 ECJ: Pensions-Sicherungs-Verein VVaG v Gunther Bauer [Reference for a preliminary ruling - Social policy - Protection of employees in the event of the insolvency of their employer - Directive 2008/94/EC - Article 8 - Supplementary pension schemes - Protection of entitlement to old-age benefits - Minimum guaranteed level of protection - Former employer's obligation to offset a reduction in an occupational old-age pension - External pension institution - Direct effect]
17 December 2019
Pension Protection Fund: Levy Determinations - 2020/21 Pension Protection Levy 2020/21 – Determination under Section 175(5) of the Pensions Act 2004 in Respect of the Financial Year 1 April 2020-31 March 2021 The associated Appendices and Guidance are also included in this update.
Pension Protection Fund: Policy Documents – 2020/21 Pension Protection Levy Policy Statement
12 December 2019
Hymans Robertson: Current Issues December 2019 – [Pensions Manifestos; Pension Costs & Transparency - Government & FCA Response; PLSA Retirement Income Targets Published; DWP Considers Options for Better DC Benefit Statements; Revised Stewardship Code Asks More of Investors; Guidance on CMA Requirements; DB-to-DC transfers: Due Diligence Guidance Revised; Pilfered Contributions Fully Recoverable; Mixed-sex Couples Able to Form Civil Partnerships; HMRC Pension Schemes Newsletter]
Pensions Policy Institute: PPI Briefing Note Number 115 – What Could the 2019 General Election Mean for Pensions Policy
The Pensions Regulator: Consultation - Consultation Reports and Responses 2019 – Guides to Deliver the CMA's Recommendation to Produce Guidance to Trustees of Occupational Pension Schemes on Engaging with Investment Consultants and Fiduciary Managers
11 December 2019
Eversheds Sutherland: Speedbrief 6 December 2019 – Pension Dates in December
Hymans Robertson: Current Issues November 2019 – [Pension Schemes Bill; General Levy Set to Increase; PPF Consults on 2020/21 Levy Proposals; Action on Executive Pay; Poor Record-keeping Crackdown; Recent Court Judgments; Pension Ombudsman Outlines Plans; OTS Pensions Tax Recommendations; HMRC Newsletters]
Norton Rose Fulbright: Commentary November 2019 – November 2019 Briefing: The Pensions Law Implications of the UK General Election 2019
The Pensions Regulator: Guidance - Regulatory Guidance – Tender and Set Objectives for Investment Service Providers
10 December 2019
Spotlight on Pensions Bulletin: LeGrand View December 2019 – The Future of Pensions Regulation - Cost vs Benefit
2019 USA: Bauwens v Revcon Technology Group [Group scheme - Multiemployer plan - Withdrawal from plan - Withdrawal liability - United States - Procedure - Statute of limitation - Whether agreement to take periodic
payments suspended limitation periods]
2019 USA: Brown v Nationwide Life Insurance Company [Fees - Whether excessive - Whether breach of fiduciary duty - Whether breach of fiduciary duty by plan sponsor - Whether small schemes have sufficient resources to meet fiduciary obligations - Whether capacity for class action]
2019 USA: Dorman v The Charles Schwab Corporation [Disputes - Procedure - Arbitration - Whether provision for arbitration in plan rules is enforceable]
2019 ECJ: WA v Instituto Nacional de la Seguridad Social [Social security - Disability pension - Equal treatment - Whether discrimination to grant a mother with two children but not a father - Whether justifiable]
9 December 2019
Local Government Pensions Committee: LGPC Bulletin 191 – LGPC Bulletin - November 2019 [lgpcbull191]
4 December 2019
PO-26866 – Mr L [PO-26866] Determinations from September 2019 can be found under "The Pensions Ombudsman" in the Table of Documents
Firefighters' Pensions England Scheme Advisory Board: FPS Bulletins No 26 – FPS Bulletin 26 - November 2019 [fpsbull26]
2019 Ct Sess: Cunningham v Pensions Ombudsman [Self-invested personal pension - Investments - Complain to Pensions Ombudsman - Procedure - Time limits for appeals - Whether grounds for simple appeal or need for judicial review]
3 December 2019
2019 Ch: Downe v Universities Superannuation Scheme [Early retirement - Termination of employment - Whether redundancy - Whether entitlement to unreduced early retirement pension - Appeal from Pensions Ombudsman]
2019 FTT (Tax): Omar v HMRC [Taxation - Contributions - Tax deductability - Salary sacrifice - Discovery assessments - Penalties - Whether fair - Whether taxpayer careless in filing returns]
2019 Ch: Tenconi v James Hay Partnership [Investments - Self-administered scheme - Self-invested personal pension plan - Instructions to invest not executed within time - Whether loss - Whether liability by plan manager]
2019 FTT (Tax): Turner v HMRC [Investments - Self-invested personal pensions - Taxation - Loans - Whether involved unauthorised payment - Whether unauthorised payments charge - Whether unauthorised payments surcharge]
2 December 2019
PMI/PRAG: Miscellaneous Ninth Edition 2019 – Pensions Terminology [termin]
28 November 2019
House of Commons (October 2014 onwards): Written Statements 4 November 2019 – Welfare and Pensions Update (4 November 2019)
27 November 2019
PO-17634 – Mr I [PO-17634] Determinations from August 2019 can be found under "The Pensions Ombudsman" in the Table of Documents
HM Revenue & Customs: Newsletters (Pension Schemes Newsletters) November 2019 – Pension Schemes Newsletter 115 [psn115]
25 November 2019
XPS Pensions: Briefing Note 2019 No. 15 – PPF Consultation on the 2020/21 Levy
The Pensions Regulator: Guidance - Regulation and Enforcement – Master Trust Authorisation: Decision-Making Procedure Updated version dated November 2019
22 November 2019
Eversheds Sutherland: Speedbrief 8 November 2019 – Improving Communications with DC Members
2019 CA: HMRC v Coal Staff Superannuation Scheme Trustees [Taxation - Investments - Stock lending - Manufactured dividends - Manufactured overseas dividends - European law - Free movement of capital - Whether deducted tax recoverable]
Equality Act 2010 [ea10] Amendments made by The Civil Partnership (Opposite-sex Couples) Regulations 2019 to the Equality Act 2010 and to other relevant Acts and SIs are included in this update.
15 November 2019
Local Government Pensions Committee: LGPC Bulletin 190 – LGPC Bulletin - October 2019 [lgpcbull190]
12 November 2019
HM Revenue & Customs: Newsletters (Pension Schemes Newsletters) October 2019 – Pension Schemes Newsletter 114 [psn114]
11 November 2019
SSI 2019/381 – The Firefighters' Pension Scheme Amendment (Increased Pension Entitlement) (Scotland) Order 2019
SSI 2019/380 – The Police Pensions Amendment (Increased Pension Entitlement) (Scotland) Regulations 2019
8 November 2019
SI 1998/1870 – The Individual Savings Account Regulations 1998 [isa 98] Regs 7, 8 and 8A added following a user request
7 November 2019
House of Lords (October 2014 onwards): Debates and Oral Answers 30 October 2019 – National Health Service (Pensions Tax) (30 October 2019)
House of Lords (October 2014 onwards): Debates and Oral Answers 31 October 2019 – Gender Pay Gap (Pension Gap) (31 October 2019)
House of Commons (October 2014 onwards): Written Statements 31 October 2019 – Departmental Update (Department for Work and Pensions) (31 October 2019)
House of Commons: Investment (Investment Consultants Market) HC 292 – Pension Costs and Transparency: Government and Financial Conduct Authority Responses to the Committee's Twenty-Ninth Report of Session 2017-19
6 November 2019
5 November 2019
Department for Work and Pensions: Disclosure of Information – Simpler Annual Benefit Statements - Public Consultation
1 November 2019
SI 2019/1433 – The Occupational Pensions (Revaluation) Order 2019
Norton Rose Fulbright: Commentary October 2019 – UK Pensions Briefing - GMP Equalisation: Some Tips and Tricks
31 October 2019
SI 2019/1425 – The Finance Act 2004 (Specified Pension Schemes) Order 2019
SSI 2019/358 – The Firefighters’ Pension Schemes (Scotland) Amendment Order 2019 The amendments made by this Order will be included in a future update
SR 2019/206 – The Local Government Pension Scheme (Amendment) Regulations (Northern Ireland) 2019 These Regulations are in the process of being edited. All amendments will be included in future updates.
29 October 2019
The Pensions Regulator: Regulatory Intervention Reports October 2019 – London Borough of Barnet Superannuation Fund
Local Government Association: TPS Bulletins Bulletin 65 – TPS Bulletin 65 - October 2019 [tpsbull065]
28 October 2019
Barnett Waddingham: Current Issues in Pensions Financial Reporting – 30 September 2019
Eversheds Sutherland: Speedbrief 24 October 2019 – The Pension Schemes Bill - Was It Worth the Wait?
House of Commons (October 2014 onwards): Debates and Oral Answers 23 October 2019 – Debate on the Address (5th Day) (23 October 2019)
House of Commons (October 2014 onwards): Debates and Oral Answers 24 October 2019 – Debate on the Address (6th Day) (24 October 2019)
25 October 2019
House of Lords (October 2014 onwards): Debates and Oral Answers 22 October 2019 – Queen's Speech Debate (6th Day) (22 October 2019)
24 October 2019
Office of Tax Simplification: Savings (Taxation) – Taxation and Life Events: Simplifying Tax for Individuals
2019 QB: Delve v Secretary of State for Work and Pensions (WASPI) [State pension - Old age pension - State pension age - Different state pension age for men and women - Change in state pension age for women - Whether discrimination - Whether breach of human rights]
23 October 2019
House of Commons (October 2014 onwards): Debates and Oral Answers 7 October 2019 – State Pension (Women); Topical Questions (Pensions) (7 October 2019)
House of Commons (October 2014 onwards): Debates and Oral Answers 8 October 2019 – Prison Officers (Pension Age) (8 October 2019)
House of Commons (October 2014 onwards): Debates and Oral Answers 17 October 2019 – Pensions (1950s-born Women) (17 October 2019)
House of Commons (October 2014 onwards): Written Statements 23 October 2019 – Teachers' Pay and Pension Grants (23 October 2019)
22 October 2019
2002 CA: Matthews v Ministry of Defence [Procedure - Military service - Injuries suffered during military service - Whether state can preclude claims in tort being made against it - Sovereign immunity - Human rights]
21 October 2019
Ministry of Housing, Communities & Local Government (formerly Department for Communities and Local Government): Local Government (2019) – Local Government Pension Scheme: Government Response on Proposed Merger of the West Midlands Integrated Transport Authority Pension Fund and West Midlands Pension Fund
18 October 2019
Hymans Robertson: Current Issues October 2019 – [The CPIH in the RPI's clothing; GMP equalization update; Stewardship & governance changes: new guidance issued; Minor surgery prescribed for doctors' annual allowance ills; Regulator's Compliance and Enforcement Bulletin; Fixed protection loss via auto-enrolment not employer/scheme's fault; (Another) new Secretary of State]
Norton Rose Fulbright: Commentary September 2019 – RPI and CPI - Ten Things You Should Know
XPS Pensions: Briefing Note 2019 No. 14 – RPI to Be Aligned With CPIH
XPS Pensions: XPS News Alert October 2019 – Queen's Speech: Pension Schemes Bill Announced
Department for Work and Pensions: Taxation (General) – The Occupational and Personal Pension Schemes (General Levy) Review 2019
17 October 2019
Burges Salmon: Burges Salmon Legal Update 14 October 2019 – Developments in the Accreditation of Professional Pension Trustees
16 October 2019
Pension Schemes Bill 2019/20 [HL Bill 5] (15 October 2019) Bill as introduced in the House of Lords [HL Bill 5]. Please note that the Bill is still in the process of being edited. Updated versions will be added to Perspective over the course of the next few days.
PO-22843 – Mr E [PO-22843] Determinations from July 2019 can be found under "The Pensions Ombudsman" in the Table of Documents
14 October 2019
2019 FTT (Tax): Clark v HMRC [Benefits - Surrender of benefits - Surrender of pension - Taxation - Settlement agreement - Employer-financed retirement benefit scheme (EFRBS)]
10 October 2019
The Pensions Regulator: Guidance - Other Guidance and Documents – Cross-border Schemes: Guidance in the Event of a No-deal Brexit
2019 USA: Banks v Northern Trust [Litigation - Trustees - Class action - Whether class actions permitted against trustees - United States]
2019 Aus: Dawson v Dawson [Small self-administered pension plan - Trustees - Appointment of replacement trustee - Whether valid - Whether attorney can act as trustee - Australia]
2019 Aus: Dawson v Dawson [Small self-administered pension plan - Trustees - Appointment of replacement trustee - Whether valid - Whether attorney can act as trustee - Australia]
2019 USA: Dawson v Steager [Small self-administered pension plan - Trustees - Appointment of replacement trustee - Whether valid - Whether attorney can act as trustee - Australia]
8 October 2019
2019 USA: Caesars Entertainment Corporation v International Union of Operating Engineers Local 68 Pension Fund [Employer - Contributions - Multi-employer plan - Duty to pay contributions following withdrawal of employees]
2019 USA: DeRogatis v Board of Trustees of the Welfare Fund of the International Union of Operating Engineers Local 15 [Benefits - Bad advice to survivor - Whether trustees estopped from denying later claim for benefits - Whether member handbook overrides oral representation]
7 October 2019
Firefighters' Pensions England Scheme Advisory Board: FPS Bulletins No 24 – FPS Bulletin 24 - September 2019 [fpsbull24]
2017 CCC: Arif v Berkeley Burke SIPP Administration Litigation - Group litigation - Self-invested personal pensions - Appropriate court - Whether a group litigation order is appropriate where every claim will need to be considered on its merits]
2019 UT: Chappell v The Pensions Regulator [Contributions - Warning notice - Failure of plan sponsor - Whether abandonment - The Pensions Regulator - Failure to respond - Whether respondent should have extension of time - Procedure]
4 October 2019
House of Commons (October 2014 onwards): Debates and Oral Answers 3 October 2019 – Business of the House (Women's Pensions) (3 October 2019)
HM Revenue & Customs: HMRC Countdown Bulletins (ending of contracting-out) Issue 49 – Countdown Bulletin (October 2019)
Local Government Pensions Committee: LGPC Bulletin 189 – LGPC Bulletin - September 2019 [lgpcbull189]
2019 Ch: Prudential Assurance and Rothesay Life [Annuities - Transfer of obligations from one insurer to another - Plan approved by regulators and independent experts - Whether the court should approve - Grounds for objection - Whether brand and reputation are valid considerations]
2019 CA: The Pensions Regulator v Workchain [Auto-enrolment - Breach of requirement to auto-enrol employees - Penalties for breach - Whether penalties excessive - Crime]
2 October 2019
The Pensions Regulator: Guidance - Regulatory Guidance – DB Investment Updated September 2019 to reflect changes arising from The Occupational Pension Schemes (Investment and Disclosure) (Amendment) Regulations 2018. Please note that these changes are still in the process of being edited.
1 October 2019
Government Actuary's Department: LGPS (Scotland) Guidance 10 September 2019 – Late Retirement
