New & Recently Amended Documents

The following list is a selection of materials added to, or recently amended, on Perspective.

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 2024/117 – 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.
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  – PDP Draft 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?
17 May 2024
XPS Pensions: XPS Insights May 2024  – The Pensions Regulator’s Annual Funding Statement 2024
National Audit Office: Pensions Dashboards Programme HC 732 Session 2023-24  – Investigation into the Pensions Dashboards Programme
16 May 2024
Paul Newman KC: pensionsbarrister.com: On the Case May 2024  – McCloud Costs Directions: BMA v HM Treasury
Redington: The Defined Contrarian January 2024  – The Defined Contrarian: Q1 2024
TLT LLP: SIPP and SSAS Round-up Spring 2024  – SIPP and SSAS Round-up - Spring Edition 2024
UK Parliament: Parliamentary Briefing Papers  – Parliamentary Briefing Papers [parl briefing] Updated briefing paper: The Communication of State Pension Age Increases for Women Born in the 1950s (CBP-9967)
Financial Reporting Council: Accounting Standards FRS 102  – The Financial Reporting Standard Applicable in the UK and Republic of Ireland [frs102] Updated to reflect "Amendments to FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and other FRSs: Periodic Review 2024 - March 2024"
15 May 2024
HM Revenue & Customs: ROPS  – Overseas Pensions: ROPS Notification List [rops] List dated 15 May with 12 schemes added, 1 amended and 13 removed
14 May 2024
The Pensions Regulator: Selected Research & Analysis - Other Research Reports  – Review of Climate-related Disclosures by Occupational Pension Schemes: Year 2
Pensions Dashboards Programme (PDP): PDP Reports & Analysis  – Pensions Dashboards Programme: Progress Update Report (April 2024)
HM Revenue & Customs: HMRC Tax Manuals PTM  – Pensions Tax Manual [ptm] Updated on GOV.UK on 13 May 2024. PTM176220 amended - section on 'Scheme chargeable payments: unauthorised lump sum payments' deleted.
13 May 2024
CAS-46702-B9D7  – Mr R [CAS-46702-B9D7] Determinations from February 2024 can be found under "The Pensions Ombudsman" in the Table of Documents
The Pensions Regulator: Statements  – Annual Funding Statement 2024
10 May 2024
Pensions Dashboards Programme (PDP): Draft Standards  – PDP Draft Data Standards
HM Revenue & Customs: HMRC Tax Manuals PTM  – Pensions Tax Manual [ptm] Updated on GOV.UK on 10 May 2024. Page title of PTM175250 amended from 'Relevant relievable amount for a defined benefits arrangement' to 'Relevant relievable amount for a hybrid arrangement'.
9 May 2024
2024 ChNewell Trustees v Newell Rubbermaid UK Services [Benefits - Conversion of final salary benefits to money-purchase benefits - Conversion of defined benefit arrangements to defined contribution arrangements - Interim deeds - Interpretation - Whether age discrimination - The use of advice - Whether the court will disturb arrangements set in place many years previously (laches)]
8 May 2024
UK Parliament: Parliamentary Briefing Papers  – Parliamentary Briefing Papers [parl briefing] New briefing paper: Pensions: Defined Benefit Superfunds (CBP-8775)
UK Parliament: Parliamentary Briefing Papers  – Parliamentary Briefing Papers [parl briefing] Updated briefing paper: Pensions (Special Rules for End of Life) Bill 2023-24 (CBP-9943)
7 May 2024
HM Revenue & Customs: HMRC Tax Manuals PTM  – Pensions Tax Manual [ptm] Updated on GOV.UK on 7 May 2024. Page PTM113400 (comprising pages PTM113410, PTM113420 and PTM113430) archived in line with LTA abolition and the Finance Bill 2023-24.
3 May 2024
Firefighters' Pensions England Scheme Advisory Board: FPS Bulletins No 80  – FPS Bulletin 80 - April 2024 [fpsbull80]
2 May 2024
Paul Newman KC: pensionsbarrister.com: On the Case May 2024  – Lessons from the PO on Recoupment and Overpayments
Local Government Pensions Committee: LGPC Bulletin 250  – LGPC Bulletin 250 - April 2024 [lgpcbull250]
2024 ChAvon Cosmetics v Dalriada Trustees (No 2) [Documentation - Amendment - Fetter on power of amendment]
1 May 2024
Paul Newman KC: pensionsbarrister.com: In Focus April 2024  – The Pro-rating of Pension Increases
Pendragon:  – Spotlight on Pensions: A Guide to Pensions Practice [spotlight] Update includes new material on TPR Codes of Practice, the Dashboards Connection Timetable, Updates from FRC on the Stewardship Code, new Taskforce on Social Factors Guides, WASPI Developments and the Reduction of the Surplus Refund Tax Rate.
HM Revenue & Customs: ROPS  – Overseas Pensions: ROPS Notification List [rops] List dated 1 May with 12 schemes added and 22 removed
30 April 2024
Paul Newman KC: pensionsbarrister.com: In Focus April 2024  – Pension Crimes, Fines and Insolvency Practitioners
29 April 2024
A&O Shearman LLP: What's New This Week 29 April 2024  – [TPR Publishes Annual Funding Statement - TPR Blog Post on New DB Models for Savers]
HM Revenue & Customs: HMRC Tax Manuals PTM  – Pensions Tax Manual [ptm] Updated on GOV.UK on 29 April 2024. Pages PTM101000 and PTM102550 updated to reflect changes in line with LTA abolition and the Finance Act 2024.
26 April 2024
HM Revenue & Customs: Newsletters (Pension Schemes Newsletters) April 2024  – Pension Schemes Newsletter 159 - April 2024 [psn159]
24 April 2024
XPS Pensions: XPS Insights April 2024  – Q2 2024 Outlook for Pension Scheme Trustees and Employers
23 April 2024
22 April 2024
House of Lords (October 2014 onwards): Debates and Oral Answers 26 March 2024  – Women's State Pension Age (26 March 2024)
House of Commons: Information & Awareness/Education/Pension Information (General) HC 144  – Defined Benefit Pension Schemes: Third Report of Session 2023-24
19 April 2024
Eversheds Sutherland: Speedbrief 12 April 2024  – Speedbrief: Pensions Dashboards Update - The Clock is Ticking
HM Revenue & Customs: HMRC Tax Manuals PTM  – Pensions Tax Manual [ptm] Updated on GOV.UK on 19 April 2024. New page PTM061310 and PTM063210 updated to include content to cover overpaid pension commencement lump sums.
18 April 2024
House of Commons (October 2014 onwards): Debates and Oral Answers 25 March 2024  – Women's State Pension Age (25 March 2024)
17 April 2024
UK Parliament: Parliamentary Briefing Papers  – Parliamentary Briefing Papers [parl briefing] Updated briefing paper: Public Service Pension Increases (SN05434)
Pendragon: Pensions Reference Materials  – Statistics and Other Information [stats] CPI and RPI figures updated together with inflation rates (Tables 17A and 17B)
16 April 2024
Firefighters' Pensions England Scheme Advisory Board: FPS Bulletins No 79  – FPS Bulletin 79 - March 2024 [fpsbull79]
15 April 2024
Local Government Pensions Committee: LGPC Bulletin 248  – LGPC Bulletin 248 - Annual update March 2024 [lgpcbull248]
Local Government Pensions Committee: LGPC Bulletin 249  – LGPC Bulletin 249 - March 2024 [lgpcbull249]
HM Revenue & Customs: ROPS  – Overseas Pensions: ROPS Notification List [rops] List dated 15 April with 21 schemes added and 11 removed
12 April 2024
Paul Newman KC: pensionsbarrister.com: On the Case April 2024  – Recent Ombudsman Determinations on Pension Scams
9 April 2024
UK Parliament: Parliamentary Briefing Papers  – Parliamentary Briefing Papers [parl briefing] Updated briefing paper: Pension Tax Relief: The Annual Allowance and Lifetime Allowance (SN05901)
UK Parliament: Parliamentary Briefing Papers  – Parliamentary Briefing Papers [parl briefing] Updated briefing paper: Pensions: Collective Defined Contribution (CDC) Schemes (CBP-8674)
8 April 2024
HM Revenue & Customs: Newsletters (Pension Schemes Newsletters) April 2024  – Pension Schemes Newsletter 158 - April 2024 [psn158]
5 April 2024
The Pensions Regulator: Regulatory Intervention Reports March 2024  – Newburgh Engineering Co Ltd Pension and Assurance Scheme
HM Revenue & Customs: HMRC Tax Manuals PTM  – Pensions Tax Manual [ptm] Updated on GOV.UK on 27 and 28 March and 4 April 2024 in line with the abolition of the lifetime allowance and the Finance Act 2024. Update includes the archiving of chapters PTM080000 and PTM090000 and the insertion of a new chapter PTM170001. HMRC has indicated that further updates will be announced.
4 April 2024
3 April 2024
2024 ChAvon Cosmetics v Dalriada Trustees [Documents - Amendments - Whether amendment was valid in light of fetter on amendment - Whether amendment failed in whole or in part]
2 April 2024
HM Revenue & Customs: ROPS  – Overseas Pensions: ROPS Notification List [rops] List dated 1 April with 18 schemes added, and 5 removed
28 March 2024
HM Revenue & Customs: Newsletters (Pension Schemes Newsletters) March 2024  – Pension Schemes Newsletter 157 - March 2024 [psn157]
Taskforce for Social Factors (TSF): Guidance - Social Factors March 2024  – Considering Social Factors in Pension Scheme Investments: Guide from the Taskforce on Social Factors: Final Report
Parliamentary and Health Service Ombudsman: State Pension Reform  – Women's State Pension Age: Our Findings on Injustice and Associated Issues
26 March 2024
Barnett Waddingham: Current Issues in Pensions Financial Reporting  – 31 December 2023
XPS Pensions: XPS Insights March 2024  – The Pensions Regulator (TPR) Launches Statement of Strategy Consultation
House of Commons (October 2014 onwards): Written Statements 25 March 2024  – Pensions Dashboard Update (25 March 2024)
Department for Work and Pensions: DWP Non-Statutory Guidance  – Pensions Dashboards: Guidance on Connection: The Staged Timetable
Pension Protection Fund: Consultation Documents and Responses March 2024  – Consultation Document: S143 Valuation Assumptions
25 March 2024
Paul Newman KC: pensionsbarrister.com: In Focus March 2024  – Avon Cosmetics: A Critical Analysis
House of Commons (October 2014 onwards): Standing/General Committee Meetings 27 February 2024  – Draft Occupational Pension Schemes (Collective Money Purchase Schemes) (Amendment) Regulations 2023 (27 February 2024)
22 March 2024
Finance (No 2) Bill 2023/24 [Bill 179] (12 March 2024) Only selected provisions of this Bill have been included in this document.
Eversheds Sutherland: Speedbrief 21 March 2024  – Speedbrief:LTA Abolition Amending Regulations Finally Issued
Norton Rose Fulbright: Commentary March 2024  – UK Pensions Briefing: The General Code and Scheme Governance – The Big Picture
Paul Newman KC: pensionsbarrister.com: In Focus March 2024  – Historic Discrimination and Pension Schemes
National Police Chief's Council: NPCC Police Pensions Bulletin 5  – NPCC Police Pensions Bulletin 5 - 14 March 2024 [npccbull5]
SI 2024/356 – The Pensions (Abolition of Lifetime Allowance Charge etc) Regulations 2024 Amendments made by these Regulations are included in this update.
21 March 2024
SR 2024/50 – The Health and Social Care Pension Schemes (Partial Retirement etc) Regulations (Northern Ireland) 2024 Amendments made by these Regulations are included in this update.
20 March 2024
House of Lords (October 2014 onwards): Debates and Oral Answers 27 February 2024  – Gender Pay Gap (27 February 2024)
Pendragon: Pensions Reference Materials  – Statistics and Other Information [stats] CPI and RPI figures updated together with inflation rates (Tables 17A and 17B)
19 March 2024
UK Parliament: Parliamentary Briefing Papers  – Parliamentary Briefing Papers [parl briefing] New briefing paper: The Gender Pensions Gap (CBP-9517)
18 March 2024
UK Parliament: Parliamentary Briefing Papers  – Parliamentary Briefing Papers [parl briefing] Updated briefing paper: Public Service Pensions - Response to McCloud (CBP-9177)
15 March 2024
Burges Salmon: Burges Salmon Legal Update 12 March 2024  – International Data Transfers: Actions for Pension Schemes
XPS Pensions: XPS Insights March 2024  – Spring Budget 2024 Brings No Big Surprises to Pensions
HM Revenue & Customs: Newsletters (Pension Schemes Newsletters) March 2024  – Lifetime Allowance Guidance Newsletter - March 2024 Additional information added to questions 14, 20 and 37.
HM Revenue & Customs: ROPS  – Overseas Pensions: ROPS Notification List [rops] List dated 15 March with 16 schemes added, 13 removed and 1 amended
14 March 2024
SI 2024/356 – The Pensions (Abolition of Lifetime Allowance Charge etc) Regulations 2024 These Regulations are in the process of being edited. Amendments made by these Regulations will be included in a future update.
HM Revenue & Customs: Tax Information and Impact Notes (TIINs) March 2024  – The Authorised Surplus Payments Charge (Variation of Rate) Order 2024
13 March 2024
HM Revenue & Customs: Newsletters (Pension Schemes Newsletters) March 2024  – Lifetime Allowance Guidance Newsletter - March 2024
12 March 2024
11 March 2024
Firefighters' Pensions England Scheme Advisory Board: FPS Bulletins No 78  – FPS Bulletin 78 - February 2024 [fpsbull78]
2023 USAHeld v Montana [Investments - Climate change - Legislation - Constitutional law - Whether legislation which forbade the state and its agents from considering climate change in its environmental reviews]
8 March 2024
The Pensions Regulator: Consultation - Consultation Reports and Responses 2024  – Statement of Strategy: Consultation Document
SI 2024/281 – The National Health Service Pension Schemes (Amendment) Regulations 2024 Amendments made by these Regulations are included in this update.
7 March 2024
6 March 2024
Finance Act 2024 [fa24] Amendments made by this Act (including those to FA 2004 and ITEPA 2003) are included in this update.
5 March 2024
SI 2024/281 – The National Health Service Pension Schemes (Amendment) Regulations 2024 Amendments made by these Regulations will be included in a future update.
Local Government Pensions Committee: LGPC Bulletin 247  – LGPC Bulletin 247 - February 2024 [lgpcbull247]
Pension Protection Fund: Discussion Documents  – Public Sector Consolidator Design - PPF Discussion Document
4 March 2024
Department of Health and Social Care: Public Service Pensions (Consultations)  – Government Response to the NHS Pension Scheme: Member Contributions Phase 2 and Miscellaneous Amendments Consultation
2023 USAForUsAll v United States Department of Labor [Investments - Crypto currencies - Government warning - Whether ultra vires - Whether unfair constraint on pension fund investment choice - Defined contribution plans]
2023 USATrauernicht v Genworth Financial [Investments - Class actions - Whether low-fee investments were appropriate - Poor investment performance - Whether grounds for litigation - Evidentiary requirements for underperformance]
1 March 2024
Pendragon:  – Spotlight on Pensions: A Guide to Pensions Practice [spotlight] Update includes new material on TPR's General Code of Practice, DB scheme funding changes, review of the quality test for DB schemes to meet auto-enrolment requirements, TPR guidance on investments in private markets, FMLC paper on investing to take account of sustainability and climate change, proposed update to the Ombudsman's status, effects of the abolition of LTA, small pots developments and updated PLSA Retirement Living Standards figures
HM Revenue & Customs: ROPS  – Overseas Pensions: ROPS Notification List [rops] List dated 1 March with 20 schemes added and 4 removed
29 February 2024
Paul Newman KC: pensionsbarrister.com: In Focus February 2024  – Climate Change and Investment Duties: a Prisoner's Dilemma?
27 February 2024
Finance Act 2024 [fa24] Only selected provisions of this Act have been included in this document. Amendments made by this Act will be included in a future update.
Draft Regulations – The draft Occupational Pension Schemes (Funding and Investment Strategy and Amendment) Regulations 2024 (February 2024) Supersedes the draft of the same title which was published in January 2024.
2021 NLVereniging Milieudefensie v Royal Dutch Shell [Investments - Fiduciary and international obligations to meet climate change policies - Duty of board of directors to comply with requirements - Duty of hydrocarbon companies to comply]
HM Revenue & Customs: Newsletters (Pension Schemes Newsletters) February 2024  – Lifetime Allowance Guidance Newsletter - February 2024 Updated on GOV.UK to explain the conditions where event number 24 only applies within the event 24 section.
26 February 2024
Paul Newman KC: pensionsbarrister.com: On the Case February 2024  – FTT Criticises HMRC De-registration Decision
HM Revenue & Customs: Newsletters (Pension Schemes Newsletters) February 2024  – Pension Schemes Newsletter 156 - February 2024 [psn156]
Department for Work and Pensions: Investment (Options for DB Schemes)  – Options for Defined Benefit Schemes
23 February 2024
2023 CanBrewers Retail v Campbell [Amendments - Pensions regulator - Indexation - Registration of plan terms - Refusal of regulator to register amendments - Whether regulator has exclusive jurisdiction to determine issues of law and fact - Whether jurisdiction of courts was excluded]
22 February 2024
Paul Newman KC: pensionsbarrister.com: On the Case February 2024  – Avon Calling Again With the Latest Word ... on Compromises!
The Pensions Regulator: Selected Research & Analysis - DB and Hybrid Pension Schemes 2024  – Occupational Defined Benefit (DB) landscape in the UK 2023
2023 USAArkansas Teacher Retirement System v Goldman Sachs Group [Securities class actions - Investments - Non-specific corporate statements - Shareholders' right to sue for loss]
UK Parliament: Parliamentary Briefing Papers  – Parliamentary Briefing Papers [parl briefing] New briefing paper: The communication of State Pension age increases for women born in the 1950s (CBP-9967)
20 February 2024
SI 2024/169 – The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2024 Amendments made by this Order are included in this update.
Paul Newman KC: pensionsbarrister.com: On the Case February 2024  – CA Confirms Role of Actuary in Deficit Repair Provision
CAS-42089-N4Y0  – Mr T [CAS-42089-N4Y0] Determinations from January 2024 can be found under "The Pensions Ombudsman" in the Table of Documents
19 February 2024
16 February 2024
Paul Newman KC: pensionsbarrister.com: On the Case February 2024  – CA Holds Incentives to Agree Changes to Scheme Taxable
House of Commons (October 2014 onwards): Debates and Oral Answers 9 January 2024  – Financial Advice and Guidance (Consumer Market) (9 January 2024)
House of Commons (October 2014 onwards): Debates and Oral Answers 16 January 2024  – Cost of Living (Pensioners) (16 January 2024)
House of Commons (October 2014 onwards): Debates and Oral Answers 17 January 2024  – Defined Benefit Pension Schemes (17 January 2024)
House of Commons (October 2014 onwards): Debates and Oral Answers 31 January 2024  – Social Security; Guaranteed Minimum Pensions (31 January 2024)
House of Lords (October 2014 onwards): Debates and Oral Answers 23 January 2024  – Pension Investments (23 January 2024)
House of Lords (October 2014 onwards): Debates and Oral Answers 25 January 2024  – Climate Risk Models (25 January 2024)
2023 CAHMRC v E.ON UK [Taxation - Income tax - Payments by employer for reductions in future accrual of benefits - Whether such payments were taxable in the hands of the recipients]
2023 AusJamsek v ZG Operations Australia (No 3) [Employee - Deemed employee - Whether entitled to superannuation or whether contractor]
2022 AusZG Operations Australia v Jamsek [Employment - Contracting - Whether employed or contracted - Whether superannuation guarantee applies]
15 February 2024
CAS-98085-L6R7  – Mr H [CAS-98085-L6R7] Determinations from December 2023 can be found under "The Pensions Ombudsman" in the Table of Documents
2023 SAHansen + Genwest v Corporate Selection Umbrella [South Africa - Benefits - Forfeiture - Set-off - Deduction of benefits - Withholding of benefits - Discretion of trustees - Whether court will compel exercise of discretion to forfeit]
2023 USAHarrison v Envision Management Holding [Investments - Disputes - Procedural - Arbitration clause - Whether enforceable]
2023 USALehr v Perri Electric [Forfeiture - Restitution - Set-off - Bankruptcy - Embezzlement - Whether embezzler can direct payment of restitution into a pension plan]
2023 USAReetz v Aon Hewitt Investment Consulting [Investments - Fiduciary duties of advisers - Whether a provider of services owes a duty of care - Delegated fiduciary duties]
HM Revenue & Customs: ROPS  – Overseas Pensions: ROPS Notification List [rops] List dated 15 February with 17 schemes added, 2 removed and 1 amended
14 February 2024
Pendragon: Pensions Reference Materials  – Statistics and Other Information [stats] CPI and RPI figures updated together with inflation rates (Tables 17A and 17B)
13 February 2024
Eversheds Sutherland: Speedbrief 9 February 2024  – PPF Levy 2024/25: Deadlines are Approaching
National Police Chief's Council: NPCC Police Pensions Bulletin 4  – NPCC Police Pensions Bulletin 4 - 8 February 2024 [npccbull4]
HM Revenue & Customs: Newsletters (Pension Schemes Newsletters) February 2024  – Lifetime Allowance Guidance Newsletter - February 2024
12 February 2024
Burges Salmon: Burges Salmon Legal Update 9 February 2024  – Actions to Take on Reform of the Lifetime Allowance
Paul Newman KC: pensionsbarrister.com: On the Case February 2024  – PO Finds SSAS Independent Trustee Liable for Misinvestment
2022 AusHEST Australia v Queensland [Investments - Commissions - Secret commissions - Consolidation - Scheme consolidation - Terms for consolidation - Transfer of funds]
2023 USAZall v Standard Insurance [Benefits - Disability benefits - Claims procedures - Regulation - Whether regulations had retrospective effect -Time for internal appeals - Whether sufficient time to review evidence before appealing]
9 February 2024
XPS Pensions: XPS Insights January 2024  – Q1 2024 Outlook for Pension Scheme Trustees and Employers
XPS Pensions: XPS Insights February 2024  – First Piece of the Defined Benefit (DB) Strategy Jigsaw is in Place
Financial Reporting Council: Technical Memorandum AS TM1 (v2/v3/v4/v5)  – Statutory Money Purchase Illustrations (Version 2.0/3.0/4.0/4.1/4.2/5.0/5.1) [tm1] Version 5.1 - effective for statutory illustrations based on calculations performed on or after 6 April 2024
SSI 2024/37 – The Local Government Pension Scheme (Scotland) (Amendment) Regulations 2024 Amendments made by these Regulations are included in this update.
8 February 2024
SSI 2024/37 – The Local Government Pension Scheme (Scotland) (Amendment) Regulations 2024 Amendments made by these Regulations will be included in a future update.
Burges Salmon: Burges Salmon Legal Update 31 January 2024  – The New General Code of Practice is Here and There are Some Key Actions for Governing Bodies
Firefighters' Pensions England Scheme Advisory Board: FPS Bulletins No 77  – FPS Bulletin 77 - January 2024 [fpsbull77]
HM Revenue & Customs: Newsletters (Pension Schemes Newsletters) January 2024  – Pension Schemes Newsletter 155 - January 2024 [psn155] Updated on GOV.UK to include a correction to Question 8 within the lifetime allowance (LTA) frequently asked questions
HM Revenue & Customs: Newsletters (Pension Schemes Newsletters) December 2023  – Lifetime Allowance Guidance Newsletter - December 2023 Updated on GOV.UK to make it clear that where an individual received a benefit crystallisation event (BCE) statement, but they are not receiving pension income, they must be provided with a BCE statement on or before 5 April 2025.
7 February 2024
Paul Newman KC: pensionsbarrister.com: On the Case February 2024  – Newell Trustees Ltd v Newell Rubbermaid UK Services Ltd We are delighted to announce the addition of new commentary from Paul Newman KC: pensionsbarrister.com. "On The Case" discusses recent case law and "In Focus" explores topical pensions law issues in depth. The collections can be found under the "Paul Newman KC: pensionsbarrister.com" sub-heading in the "Commentary" page of the Table of Documents.
6 February 2024
2022 IndEmployees Provident Fund Organisation v Kumar [Amendments - Modification - Failure to communicate changes to members - Whether time limits to make claims were enforceable - Whether court can rewrite terms of a government scheme]
2022 USAHaley v Teachers Insurance and Annuity Association of America [Litigation - Class actions - Breach of fiduciary duty]
2023 USAKanefsky v Ford Motor Co General Retirement Plan [Benefits - Overpaid benefits - Whether plan can recover - Whether estoppel applies]
5 February 2024
Firefighters' Pensions England Scheme Advisory Board: FPS Bulletins No 76  – FPS Bulletin 76 - December 2023 [fpsbull76]
Local Government Pensions Committee: LGPC Bulletin 246  – LGPC Bulletin 246 - January 2024 [lgpcbull246]
The Pensions Regulator: Regulatory Intervention Reports 2 February 2024  – Capita Cyber Security Incident
2022 AusJames Villa Holidays v Crabtree [Insolvency - Bankruptcy - Foreign judgment - Australia - Immunity of pension rights to creditor claims - Whether order may be made against future payments or receipts]
2 February 2024
2022 USAFalberg v Goldman Sachs Group [Investments - Prohibited transactions - Fiduciary obligations to disinvest - Class action - Sponsor who is an asset manager manages plan's funds - Whether a conflict of interest]
2023 FTT (General Regulatory Chamber)Killik v HMRC [Tax - Contributions - In specie contributions - Whether allowable - Self-invested personal pension]
Department for Work and Pensions: DWP Non-Statutory Guidance  – Pensions Dashboards: Guidance On Deferred Connection Reference to 'staging deadlines' replaced with 'connection deadline'.
1 February 2024
SSI 2024/26 – The Firefighters' Pension Schemes (Scotland) Amendment Order 2024 Amendments made by this Order are included in this update.
HM Revenue & Customs: ROPS  – Overseas Pensions: ROPS Notification List [rops] List dated 1 February with 14 schemes added and 16 removed
31 January 2024
CAS-94719-B9L5  – Mr Y [CAS-94719-B9L5] Determinations from November 2023 can be found under "The Pensions Ombudsman" in the Table of Documents
UK Parliament: Parliamentary Briefing Papers  – Parliamentary Briefing Papers [parl briefing] Updated briefing paper: University Strike Action in the UK (CBP-9387)
Pensions Administration Standards Association: Guidance - eAdmin  – Jargon Buster Reference Guide V2 - Focus on Generative AI & Large Language Models (LLMs) Updated December 2023
30 January 2024
Employment Rights Act 1996 [era96] Pt 8B added following user request
29 January 2024
SSI 2024/26 – The Firefighters' Pension Schemes (Scotland) Amendment Order 2024 Amendments made by this Order will be included in a future update.
CAS-71892-J1V8  – Mr E [CAS-71892-J1V8] Determinations from October 2023 can be found under "The Pensions Ombudsman" in the Table of Documents
Department for Work and Pensions: Draft Legislation: Commentary and Consultation (2024)  – Government Response: the Draft Occupational Pension Schemes (Funding and Investment Strategy and Amendment) Regulations 2023
2023 KBLewis v Cunningtons [Divorce - Pension rights - Division of pension rights - Police pension - Legal advice - Solicitors - Whether legal advice on pensions rights on divorce was offered - Whether negligent - Scope of retainer for legal advice - Whether contributory negligence]
2023 FTT (General Regulatory Chamber)One Pound Baguettes Bakes and Cakes v TPR [Auto-enrolment - Fixed Penalty Notice - Escalating Penalty Notice - Whether reasonable excuse]
UK Parliament: Parliamentary Briefing Papers  – Parliamentary Briefing Papers [parl briefing] Updated briefing paper: Guaranteed Minimum Pension (GMP) Increases (SN04956)
26 January 2024
The Pensions Regulator: Guidance - Other Guidance and Documents  – Private Markets Investment
2023 FTT (General Regulatory Chamber)Doonan v TPR [Auto-enrolment - Failure to make declaration - Fixed Penalty Notice - Whether reasonable]
UK Parliament: Parliamentary Briefing Papers  – Parliamentary Briefing Papers [parl briefing] New briefing paper: Pensions (Special Rules for End of Life) Bill 2023-24 (CBP-9943)
25 January 2024
House of Commons (October 2014 onwards): Written Statements 25 January 2024  – Public Service Pension Scheme Indexation and Revaluation 2024 (25 January 2024)
2023 FTT (General Regulatory Chamber)RSAA Enterprises v TPR [Auto-enrolment - Fixed Penalty Notice - Escalating Penalty Notice - Unpaid Contributions Notice - Failure by The Pensions Regulator to review - Whether notices enforceable - Time limits for application for review - Whether tribunal has jurisdiction]
2023 FTT (General Regulatory Chamber)SLB Recruitment v TPR [Auto-enrolment - Appeal - Failure of regulator to conduct review on request - Request made out of time - Jurisdiction of tribunal]
24 January 2024
Pension Protection Fund: Guidance - Valuation Version G10  – Guidance for Undertaking a Valuation in Accordance with Section 179 of the Pensions Act 2004
Pension Protection Fund: Guidance - Valuation Version H8  – Guidance for Undertaking the Valuation in Accordance with Section 143 of the Pensions Act 2004
2023 Ct Sessabrdn (SLSPS) Pension Trustee Company [Funding - Surplus - Whether resulting trust - Buy-out - Buy-in - Derisking - Powers of trustees]
23 January 2024
Eversheds Sutherland: Speedbrief 16 January 2024  – The Pensions Regulator's Calls for Voluntary Cyber-Incident Notifications
Bills -- Passage through Parliament: Finance Bill (2023-24) 16 January 2024  – Finance Bill: Public Bill Committee - First Sitting (Commons) (16 January 2024)
2023 CACampbell v NHS [Ill-health retirement - Commutation - Whether member died in service or in retirement - Whether period of notice counts as pensionable employment]
SI 2024/59 – The Police and Firefighters' Pensions (Remediable Service) (Amendment) Regulations 2024 Amendments made by these Regulations are included in this update.
22 January 2024
The Pensions Regulator: Codes of Practice (current) Explanatory Memorandum  – Explanatory Memorandum to The Pensions Regulator General Code of Practice 2024
19 January 2024
SI 2024/13 – The Firefighters' Pension Schemes and Compensation Scheme (Amendment) (Wales) Order 2024 Amendments made by this Order are included in this update.
18 January 2024
SI 2024/59 – The Police and Firefighters' Pensions (Remediable Service) (Amendment) Regulations 2024 These Regulations are in the process of being edited. Amendments made by these Regulations will be included in a future update.
Burges Salmon: Burges Salmon Legal Update 10 January 2024  – 'ESG Litigation Risks' for Pension Trustees: A Spotlight on Identifying and Mitigating Risks
Eversheds Sutherland: Speedbrief 12 January 2024  – The General Code is Finally Here – What Must Schemes do Now?
2015 FTT (General Regulatory Chamber)Mosaic Community Care v TPR [Auto-enrolment - Breach of auto-enrolment requirements - Sanctions - Fixed penalty notice - Whether reasonable excuse for not filing registration - Whether Tribunal had jurisdiction to hear an appeal]
Pendragon:  – Spotlight on Pensions: A Guide to Pensions Practice [spotlight] Update includes new material on the 2023 Autumn Statement, UK growth investments, CDC possibilities, digitalisation for schemes, dashboard readiness, cyber security, the Ombudsman and amber flags for overseas transfers, authority to recover overpaid pension and exit from the EU.
17 January 2024
Pensions Dashboards Programme (PDP): PDP Reports & Analysis  – Pensions Dashboards Programme: Progress Update Report (October 2023)
Pendragon: Pensions Reference Materials  – Statistics and Other Information [stats] CPI and RPI figures updated together with inflation rates (Tables 17A and 17B)
16 January 2024
SI 2024/13 – The Firefighters' Pension Schemes and Compensation Scheme (Amendment) (Wales) Order 2024 Amendments made by this Order will be included in a future update.
HM Revenue & Customs: HMRC Tax Manuals  – Updates to the Pensions Tax Manual [ptm updates] This document contains the list of updates as it appears on the HMRC website and is designed to be viewed in conjunction with the relevant pages of the Pensions Tax Manual.
15 January 2024
A&O Shearman LLP: What's New This Week 15 January 2024  – [TPR Publishes Final Version of General Code of Practice]
2023 ETBroadbent v Police Federation of England and Wales [Equal treatment - Whether 'trade union' liable for imperfect negotiation of revised pension terms for police officers with employer - Whether direct age discrimination - Whether victimisation - Whether indirect age discrimination]
The Pensions Regulator: Codes of Practice (current) General Code  – General Code of Practice [tpr gen code] Link added to a document comparison created by Draftable which shows the differences between the 2021 draft Code and the code laid before Parliament in January 2024
HM Revenue & Customs: HMRC Tax Manuals PTM  – Pensions Tax Manual [ptm] PTM161100 updated to reflect changes to the way ‘event reports’ are filed via the HMRC online systems
HM Revenue & Customs: ROPS  – Overseas Pensions: ROPS Notification List [rops] List dated 15 January with 8 schemes added and 4 removed
12 January 2024
The Pensions Regulator: Codes of Practice (current) General Code  – General Code of Practice [tpr gen code]
The Pensions Regulator: Consultation - Consultation Reports and Responses 2024  – Final Response to the Consultation on a New Code of Practice
9 January 2024
2020 IreClarke v Ireland (Aer Lingus) [European Union law - Transposition of EU directive - EU Directive 2003/41EC of the Institutions for Occupational Retirement Provision - IORP Directive - Scheme deficit - Reduction in benefits - Whether breach of Irish Constitution]
8 January 2024
5 January 2024
Financial Reporting Council: Technical Actuarial Standards - Revised TASs (from 1 July 2017) TAS 300  – Technical Actuarial Standard 300: Pensions [tas 300] Version 2.0 effective from 1 April 2024
4 January 2024
National Police Chief's Council: NPCC Police Pensions Bulletin 2  – NPCC Police Pensions Bulletin 2 - 14 December 2023 [npccbull2]
2 January 2024
Firefighters' Pensions England Scheme Advisory Board: FPS Bulletins No 75  – FPS Bulletin 75 - November 2023 [fpsbull75]
HM Revenue & Customs: ROPS  – Overseas Pensions: ROPS Notification List [rops] List dated 2 January with 18 schemes added and 3 removed
22 December 2023
Pension Protection Fund: Levy Determinations - 2024/25 2024/25  – Contingent Asset Appendix
21 December 2023
Norton Rose Fulbright: Commentary December 2023  – UK Pensions Briefing: Batten Down the Hatches Ahead of the Pensions Storm
Redington: The Defined Contrarian December 2023  – The Defined Contrarian: Q3 2023
Pension Protection Fund: Levy Determinations - 2024/25 2024/25  – Transformation Appendix
Pension Protection Fund: Levy Determinations - 2024/25 2024/25  – Guidance for Calculating and Certifying Transfers - 2024/25 Levy Year
Pension Protection Fund: Levy Determinations - 2024/25 2024/25  – Guidance on Asset-Backed Contributions
2023 CAThe Pensions Ombudsman v CMG Pension Trustees Ltd & Anor The PBLR version of this judgment will be made available shortly.
20 December 2023
Pension Protection Fund: Levy Determinations - 2024/25 2024/25  – Alternative Covenant Scheme Appendix
Pension Protection Fund: Levy Determinations - 2024/25 2024/25  – Transfers Appendix
Pension Protection Fund: Levy Determinations - 2024/25 2024/25  – Insolvency Risk Appendix
Pension Protection Fund: Levy Determinations - 2024/25 2024/25  – PPF Deficit-Reduction Contributions Guidance in Respect of the Financial Year 1 April 2024 - 31 March 2025
Pendragon: Pensions Reference Materials  – Statistics and Other Information [stats] CPI and RPI figures updated together with inflation rates (Tables 17A and 17B)
19 December 2023
Pension Protection Fund: Levy Determinations - 2024/25 2024/25  – Deficit-Reduction Contributions Appendix
Pension Protection Fund: Levy Determinations - 2024/25 2024/25  – ABC Appendix
Pension Protection Fund: Levy Determinations - 2024/25 2024/25  – Guidance on Contingent Assets: Part 1 - General Requirements
Pension Protection Fund: Levy Determinations - 2024/25 2024/25  – Guidance on Contingent Assets: Part 2 - Type A Contingent Assets
Pension Protection Fund: Levy Determinations - 2024/25 2024/25  – Guidance on Contingent Assets: Part 3 - Type B Contingent Assets
Pension Protection Fund: Levy Determinations - 2024/25 2024/25  – Guidance on Contingent Assets: Part 4 - Type C Contingent Assets
18 December 2023
Pension Protection Fund: Levy Determinations - 2024/25 Pension Protection Fund Levy 2024/25  – Determination Under Section 175(5) of the Pensions Act 2004 in Respect of the Financial Year 1 April 2024 - 31 March 2025 [ppf levy det] This document is in the process of being edited.
Pension Protection Fund: Levy Determinations - 2024/25 2024/25  – Insolvency Risk Guidance 2024/2025
Pension Protection Fund: Levy Determinations - 2024/25 2024/25  – Alternative Covenant Scheme Guidance 2024/25 Levy Year
15 December 2023
Pensions Administration Standards Association: Guidance - Dashboards  – Pensions Dashboards Connection Readiness Guidance
Pension Protection Fund: Policy Documents  – 2024/25 Pension Protection Fund Levy Policy Statement The Levy Determination, as well as associated Appendices and Guidance, will be included in a future update.
Pension Protection Fund: Purple Book  – The Purple Book: DB Pensions Universe Risk Profile (2023) [purple23]
2023 ETClayson v Minister of Justice [Equal treatment - Discrimination - Part-timers - Fee-paid judges - Whether part-timers eligible for pensions - Whether objective justification]
2023 FTT (General Regulatory Chamber)Diamond Heating and Plumbing (Southern) v TPR [Regulation - Breach - Fixed penalty notice - Appeal - Whether notices received by employer - Burden of proof]
2022 FTT (General Regulatory Chamber)Scottish Power v HMRC [Regulation - Penalties - Sanctions - Redress payments - Taxation - Whether payments deductible]
HM Revenue & Customs: HMRC Tax Manuals PTM  – Pensions Tax Manual [ptm] PTM102000, PTM157000, PTM161400, PTM161500, PTM161700 and PTM163000 updated on GOV.UK
HM Revenue & Customs: ROPS  – Overseas Pensions: ROPS Notification List [rops] List dated 15 December with 17 schemes added, 9 removed and 1 amended.
13 December 2023
The Pensions Regulator: Detailed Guidance: Administration  – Cyber Security Principles for Pension Schemes Guidance updated to reflect best practice approaches to managing cyber risk, including when to report cyber incidents
12 December 2023
2023 FTT (General Regulatory Chamber)Clearchoice Windows Doors and Glazing v TPR [Auto-enrolment - Unpaid contributions notice - Fixed penalty notice - Whether reasonable excuse - Whether inability to gain access to NEST was a reasonable excuse]
2023 FTT (General Regulatory Chamber)Dalriada Trustees v HMRC re Grosvenor Parade Pension Scheme [Taxation - Investments - Loans - Unauthorised payments charges - Unauthorised payments surcharges - Liability of trustees]
11 December 2023
CAS-62617-C0Y2  – Mr Y [CAS-62617-C0Y2] Determinations from September 2023 can be found under "The Pensions Ombudsman" in the Table of Documents.
2023 FTT (General Regulatory Chamber)Houndgate Wines v TPR [The Pensions Regulator - Sanctions - Declaration of Compliance - Fixed Penalty Notice - Appeal - Whether tribunal has jurisdiction - Time limits for appeal - Auto-enrolment - Review of FPN]
2023 UTIntelligent Money v HMRC [Taxation - Value added tax - Insurance - Self-invested personal pensions - Whether administration of SIPPs is insurance]
8 December 2023
Taskforce for Social Factors (TSF): Guidance - Social Factors October 2023  – Considering Social Factors in Pension Scheme Investments: Guide from the Taskforce on Social Factors
7 December 2023
SI 2023/1308 – The Pensions Act 2004 and the Equality Act 2010 (Amendment) (Equal Treatment by Occupational Pension Schemes) Regulations 2023 Amendments made by these Regulations are included in this update
UK Parliament: Parliamentary Briefing Papers  – Parliamentary Briefing Papers [parl briefing] Updated briefing paper: Pensions: Automatic Enrolment - Current Issues (SN06417)
6 December 2023
2023 UTEM v Secretary of State for Defence [War widow's pensions - Survivor's pension - Effect of remarriage - Whether pension to be paid in the absence of claim]
5 December 2023
CAS-56752-R2J6  – Miss I [CAS-56752-R2J6 ] Determinations from August 2023 can be found under "The Pensions Ombudsman" in the Table of Documents.
Local Government Pensions Committee: LGPC Bulletin 244  – LGPC Bulletin 244 - November 2023 [lgpcbull244]
National Police Chief's Council: NPCC Police Pensions Bulletin 1  – NPCC Police Pensions Bulletin 1 - 9 November 2023 [npccbull1]
2023 FTT (General Regulatory Chamber)R and M Gym v TPR [Fixed Penalty Notice - Appeal - Compliance Notice - Whether second-order breach was deserving of fine, where the breach involved notification rather than membership under auto-enrolment]
Finance Act 2004 as amended by Schedule 9 to the Finance Bill (Bill 14) 2023/24 Link to new pdf that shows the text with amendments made by the July 2023 “draft Finance Bill Measures (2023–24) — Abolishing The Pensions Lifetime Allowance”
Income Tax (Earnings and Pensions) Act 2003 as amended by Schedule 9 to the Finance Bill (Bill 14) 2023/24 Link to new pdf that shows the text with amendments made by the July 2023 “draft Finance Bill Measures (2023–24) — Abolishing The Pensions Lifetime Allowance”
UK Parliament: Parliamentary Briefing Papers  – Parliamentary Briefing Papers [parl briefing] Updated briefing paper: Pension Tax Relief - The Annual Allowance and Lifetime Allowance (CBP 5901)
4 December 2023
Local Government Pensions Committee: LGPC Bulletin 243  – LGPC Bulletin 243 - October 2023 [lgpcbull243]
HM Revenue & Customs: Newsletters (Pension Schemes Newsletters) November 2023  – Pension Schemes Newsletter 154 - November 2023 [psn154]
1 December 2023
Finance Act 2004 as amended by Schedule 9 to the Finance Bill (Bill 14) 2023/24 This update includes a version of the Finance Act 2004 as amended by Schedule 9 to the Finance Bill (Bill 14) 2023/24. Please read the introductory Editorial Notes for an explanation of this document and how best to use it.
Income Tax (Earnings and Pensions) Act 2003 as amended by Schedule 9 to the Finance Bill (Bill 14) 2023/24 This update includes a version of the Income Tax (Earnings and Pensions) Act 2003 as amended by Schedule 9 to the Finance Bill (Bill 14) 2023/24. Please read the introductory Editorial Notes for an explanation of this document and how best to use it.
UK Parliament: Parliamentary Briefing Papers  – Parliamentary Briefing Papers [parl briefing] New briefing paper: Benefits Uprating 2024/25 (CBP-9872)
HM Revenue & Customs: ROPS  – Overseas Pensions: ROPS Notification List [rops] List dated 1 December with 22 schemes added and 4 removed
30 November 2023
Finance Bill 2023/24 [Bill 14] (29 November 2023) Only selected provisions of this Bill have been included in this document.
29 November 2023
House of Commons: Information & Awareness/Education/Pension Information (General) HC 259  – Defined Benefit Pensions with Liability Driven Investments: Government Response to Committee's Seventh Report of Session 2022-23
28 November 2023
2023 ChClientEarth v Shell (No 3) [Corporate governance - Litigation - Costs - Whether costs recoverable by successful party]
2023 ETJhuti v Royal Mail [Employment - Dismissal - Unfair dismissal - Compensation - Valuation of loss of pension rights and expectations]
Pendragon
Perspective
Art of pensions
Wilmington