3 July 2020
Finance Bill 2019/21 [Bill 123] (2 July 2020) HL Bill 123 2019-21 (as amended on Report)
Bills -- Passage through Parliament: Finance Bill (2019-21) 2 July 2020 – Finance Bill: Report Stage (Commons) (2 July 2020)
2020 Fam: W v H [Divorce - Family proceedings - Financial settlement - Division of pensions on divorce - Pensions sharing - Whether needs-based calculations appropriate]
2 July 2020
Pension Schemes Bill 2019/21 [HL Bill 120] (30 June 2020) Bill as amended on Report [HL Bill 120]. Please note that the Bill is still in the process of being edited.
Allen & Overy LLP: eAlerts 26 June 2020 – New Options for Distressed Sponsors: What Are the Implications for Pension Schemes?
Eversheds Sutherland: Speedbrief 29 June 2020 – Coronavirus - Make (Insolvency) Law in Haste, Repent at Leisure? - UK
Bills -- Passage through Parliament: Pension Schemes Bill (2019-21) 30 June 2020 – Pension Schemes Bill: Report Stage (Lords) (30 June 2020)
HM Revenue & Customs: HMRC Guides (COVID-19) – Check if you Can Claim for Your Employees' Wages Through the Coronavirus Job Retention Scheme All six HMRC Guides on COVID-19 that are on Perspective are further updated from 1 July 2020. These Guides can be found under "Other Regulatory Materials - HMRC Guides (COVID-19)" in the Table of Documents.
1 July 2020
Bills -- Passage through Parliament: Corporate Insolvency and Governance Bill (2019-21) 25 June 2020 – Corporate Insolvency and Governance Bill - Consideration of Lords Amendments (Commons) (25 June 2020) Ping Pong: House of Commons 25 June 2020
2020 ECJ: Caisse d'assurance retraite et de la sante au travail d'Alsace-Moselle v SJ and Ministre charge de la Securite sociale [Benefits - Disability benefits for child - Whether pensionable - Whether other member state's benefits counted as pensionable]
HM Revenue & Customs: ROPS – Overseas Pensions: ROPS Notification List [rops] List dated 1 July 2020 with 11 schemes added, 1 removed and 1 amended
The Pensions Regulator: Guidance - COVID-19 (Coronavirus) – DC Scheme Management and Investment: COVID-19 Guidance for Trustees Further updated
30 June 2020
Corporate Insolvency and Governance Act 2020 [ciga20] Only selected provisions of this Act have been included in this document.
29 June 2020
Allen & Overy LLP: What's New This Week 29 June 2020 – [Corporate Insolvency and Governance Act - Pension Schemes Bill Update - Cash Defaults Caution Required when Gating Ends - Call for Evidence: Charge Cap, Cost Disclosure - RPI/CPI...]
Eversheds Sutherland: Speedbrief 24 June 2020 – PPF Compensation Cap is Age Discriminatory
2020 Fam: Maughan v Wilmot [Divorce - Financial provision - Freezing order - Order against personal pensions - Whether assets in pension schemes were liquid - Court powers to request transfer or drawdown]
26 June 2020
Burges Salmon: Burges Salmon Legal Update 23 June 2020 – FCA's Proposals for Pension Transfer Advice
Burges Salmon: Burges Salmon Legal Update 24 June 2020 – Virtual Pension Trustee Meetings - How to Make the Most of Holding Meetings Virtually
HM Revenue & Customs: Newsletters (Pension Schemes Newsletters) June 2020 – Pension Schemes Newsletter 121 [psn121]
HM Revenue & Customs: Tax Information and Impact Notes (TIINs) June 2020 – Pensions Tax: COVID-19 Related Changes to Protected Pension Age
Department for Work and Pensions: Pension Reform (Security in Retirement/Workplace Pension Reforms) – Review of the Default Fund Charge Cap and Standardised Cost Disclosure
25 June 2020
SI 2020/630 – The Occupational and Personal Pension Schemes (Automatic Enrolment) (Amendment) Regulations 2020
Pensions Policy Institute: PPI Briefing Note Number 122 – Tax Relief on Defined Contribution Pension Contributions
2020 Ch: Carr v Thales Pension Trustees [Benefits - Indexation - Retail Prices Index - Interpretation of rules - Natural and ordinary meaning - Whether modified by subsequent provisions - Whether Retail Prices Index (RPI) as a measure replaced by Consumer Price Index (CPI) legislation]
24 June 2020
House of Commons: Coronavirus (COVID-19) HC 178 – DWP's Response to the Coronavirus Outbreak This document contains selected extracts from the original report.
2020 USA: Birse v CenturyLink [Investments - Underperforming fund - Whether fiduciary liable for continuing to offer it as an option]
2020 USA: Brown-Davis v Walgreen [Investments - Target date funds - Fiduciaries - Whether there can be a claim for under performance of investments]
23 June 2020
Allen & Overy LLP: What's New This Week 22 June 2020 – [Covid-19: TPR Ends Easements, Issues New Guidance - Covid-19: New Guidance on CJRS Changes - Corporate Insolvency and Governance Bill - Latest TPR Compliance and Enforcement Bulletin - Covid-19: New ICO Guidance - TPR Issues New Guidance on Interim Superfunds Regime]
Burges Salmon: Burges Salmon Legal Update 19 June 2020 – Doing Business in the UK: Does Your Group Have a UK Business with a Pension Scheme?
2020 Ch: Legal and General Assurance Society (Transfer of Business) [nsurance - Transfer of business - Coronavirus - COVID-19 - Whether cause
for delay - Objection by both transferring and receiving policyholders]
22 June 2020
Eversheds Sutherland: Speedbrief 19 June 2020 – DB Superfunds - We Have Lift Off!
HM Revenue & Customs: HMRC Guides (COVID-19) – Calculate How Much You Can Claim Using the Coronavirus Job Retention Scheme
19 June 2020
Finance Bill 2019/21 [Bill 142] (19 June 2020) Bill 142 2019-21 (as amended in Committee)
House of Commons (October 2014 onwards): Written Statements 18 June 2020 – Pensions (Interim Guidance for Superfunds) (18 June 2020)
Pensions Policy Institute: Pension Facts June 2020 – Pension Facts
HM Revenue & Customs: HMRC Guides (COVID-19) – Check if Your Employer Can Use the Coronavirus Job Retention Scheme Further updated.
HM Revenue & Customs: HMRC Guides (COVID-19) – Steps to Take Before Calculating Your Claim Using the Coronavirus Job Retention Scheme Further updated
HM Revenue & Customs: HMRC Guides (COVID-19) – Check Which Employees You Can Put on Furlough To Use the Coronavirus Job Retention Scheme Further updated.
HM Revenue & Customs: HMRC Guides (COVID-19) – Examples of How To Calculate Your Employees' Wages, National Insurance Contributions and Pension Contributions Further updated
18 June 2020
The Pensions Regulator: Consultation - Consultation Reports and Responses 2020 – DB Superfunds Consultation Response
The Pensions Regulator: Guidance - Regulatory Guidance – DB Superfunds
The Pensions Regulator: Compliance and Enforcement Updates January - March 2020 – Compliance and Enforcement: Quarterly Bulletin January - March 2020
17 June 2020
2020 FTT (Tax): Hayes v HMRC [Taxation - Lifetime allowance - Transitional protection - Notification to HMRC - Whether notification received by HMRC - Late notification - Whether right to protection available out of time - Reasonable excuse]
2019 USA: Laurent v PricewaterhouseCoopers [Benefits - Cash balance plan - Calculation of benefits - Whether 'whipsaw' calculations permitted - Value of transfer payments]
Pendragon: Pensions Reference Materials – Statistics and Other Information [stats] CPI and RPI figures updated together with inflation rates (Tables 17A and 17B)
The Pensions Regulator: Guidance - COVID-19 (Coronavirus) – DB Scheme Funding: COVID-19 Guidance for Employers Further updated
The Pensions Regulator: Guidance - COVID-19 (Coronavirus) – DB Scheme Funding and Investment: COVID-19 Guidance for Trustees Further updated
The Pensions Regulator: Guidance - COVID-19 (Coronavirus) – Scheme Administration: COVID-19 Guidance for Trustees and Public Service Further updated
The Pensions Regulator: Guidance - COVID-19 (Coronavirus) – COVID-19: An Update on Reporting Duties and Enforcement Activity Further updated
16 June 2020
Allen & Overy LLP: What's New This Week 15 June 2020 – [Pension Schemes Bill Update - Corporate Insolvency and Governance Bill Update - Transfers:
New FCA Rules, Consultation - Other Covid-19 Updates]
2020 USA: Intel Corporation Investment Policy Committee v Sulyma [Investments - Breach of fiduciary duty - Time limits for claims - Definition of 'actual knowledge' of any alleged breach - Fiduciary obligation to ensure members are aware of risks]
15 June 2020
Pendragon: – Spotlight on Pensions: A Guide to Pensions Practice [spotlight] Update includes new material on Budget 2020; employment issues and the "gig economy", GMP equalisation, climate change and the proposed new actuarial valuations basis. The case study Ombudsman determinations in Spotlight have been rearranged and supplemented with further examples to assist understanding of the Ombudsman's expectations of those involved in pension schemes.
The Pensions Regulator: Guidance - COVID-19 (Coronavirus) – Automatic Enrolment and DC Pension Contributions: COVID-19 Guidance for Employers Further updated.
The Pensions Regulator: Guidance - COVID-19 (Coronavirus) – DC Pension Contributions: COVID-19 Technical Guidance for Large Employers Further updated.
12 June 2020
2020 USA: Leighton v Delta Air Lines [Damages - Personal injury damages - Workers' compensation - Whether pension to be reduced by value of compensation - Benefits - Fiduciary duties of employer - Whether decision made to save employer's funds rather than comply with rules]
2020 USA: University of Pittsburgh Medical Centre v CBIZ [Advice - Actuaries - Actuarial advice - Whether actuaries made critical errors when calculating liabilities - Mergers and acquisitions - Purchase costs distorted by actuarial valuation]
2020 Ch: Wilson v McNamara [Insolvency - Bankruptcy - Self-invested personal pension - Ireland - Equal treatment - Discrimination - European Union - Whether protection for the self-employed should be equivalent to that of employed persons under EU provisions - Whether insolvency protection of pension benefits under domestic legislation operates cross-border]
11 June 2020
House of Commons (October 2014 onwards): Written Answers 9 June 2020 – National Insurance Contributions (Females); Occupational Pensions (Coronavirus); Pension Wise; Pensions (Advisory Services); Pensions (Fraud); State Retirement Pensions (Coronavirus) (9 June 2020)
2020 Ch: Britvic v Britvic Pensions [Documentation - Indexation - Benefits - Whether rules permitted reduction as well as increase in benefits - Retail Price Index (RPI)]
2020 QB: Commissioner of Police of the Metropolis v Police Medical Appeal Board [Benefits - Disability benefits - Injury in the course of exercising his duties - Whether mental incapacity resulting from a human resources investigation amounts to injury - Judicial review - Inability to appeal]
10 June 2020
Hymans Robertson: Current Issues June 2020 – [Viral News - LGPS 'No Boycotts' Investment guidance deemed Excessive - Late A-day Protection Notifications: Reasonable Excuses & Excessive Delays - RPI-to-CPI judgments - Insolvency-law Changes Might Affect DB Schemes - HMRC Updates (May 2020)]
9 June 2020
Allen & Overy LLP: What's New This Week 8 June 2020 – [Covid-19: changes to the CJRS - Covid-19: new guidance on pension scheme accounts - Corporate Insolvency and Governance Bill - Investment consultants, fiduciary management - Other Covid-19 updates]
Burges Salmon: Burges Salmon Legal Update 4 June 2020 – Palestine Solidarity Campaign Case: Government LGPS Guidance Unlawful
Local Government Pensions Committee: LGPC Bulletin 198 – LGPC Bulletin 198 - May 2020 [lgpcbull198]
8 June 2020
Burges Salmon: Burges Salmon Legal Update 26 May 2020 – Russell Adams v Carey Pensions: What Does it Mean for SIPP Operators?
PO-20306 – Mrs N [PO-20306] Determinations from April 2020 can be found under "The Pensions Ombudsman" in the Table of Documents
5 June 2020
Firefighters' Pensions England Scheme Advisory Board: FPS Bulletins No 33 – FPS Bulletin 33 - May 2020 [fpsbull33]
2020 UT: HMRC v Bella Figura [Tax - Small-self administered scheme - Loan to connected company - Charge to tax - Unauthorised payments charge - Scheme sanctions charge - Appeal]
4 June 2020
House of Commons (October 2014 onwards): Written Statements 3 June 2020 – Update on the Coronavirus Job Retention Scheme and Self-Employment Income Support Scheme (3 June 2020)
Local Government Association: TPS Bulletins Bulletin 68 – TPS Bulletin 68 - April 2020 [tpsbull068]
3 June 2020
Pensions Policy Institute: PPI Briefing Note Number 121 – How Have Scams Evolved Since the Introduction of Pension Freedoms?
PO-8506 – Mrs T [PO-8506] Determinations from March 2020 can be found under "The Pensions Ombudsman" in the Table of Documents
Joint Publications (DWP, FCA, FSCS, MaPS, PPF, TPO and TPR): Guidance - COVID-19 (Coronavirus) May 2020 – COVID-19 and Your Pension - Where to Get Help
2 June 2020
Allen & Overy LLP: What's New This Week 1 June 2020 – [CJRS: New Direction Published - ESG for Pension Schemes: Now and Next - Latest HMRC Newsletters - Other Covid-19 Updates]
Eversheds Sutherland: Speedbrief 27 May 2020 – New Climate Change Duties For Pension Scheme Trustees
1 June 2020
Eversheds Sutherland: Speedbrief 27 May 2020 – Using Escrow in Times of Uncertainty
HM Revenue & Customs: HMRC Countdown Bulletins (ending of contracting-out) Issue 53 – Countdown Bulletin (May 2020)
Government Actuary's Department: LGPS (Scotland) Guidance 17 April 2020 – Early Payment of Pension - Factors and Guidance
Government Actuary's Department: LGPS (Scotland) Guidance 23 April 2020 – Flexible Retirement
28 May 2020
HM Treasury: Directions 20 May 2020 – The Coronavirus Act 2020 Functions of Her Majesty's Revenue and Customs (Coronavirus Job Retention Scheme) Direction
HM Revenue & Customs: Newsletters (Pension Schemes Newsletters) May 2020 – Pension Schemes Newsletter 120 [psn120]
27 May 2020
Hymans Robertson: Current Issues May 2020 – [Annual Funding Statement 2020: the one with COVID-19 - COVID-19: auto-enrolment in DC schemes -
COVID-19: reporting duties - COVID-19: Communicating with members- PPF insolvency scoring 2021/22 - Pensions dashboards update - HMRC update]
26 May 2020
Allen & Overy LLP: What's New This Week 26 May 2020 – [Covid-19: TPR Updates Guidance on DC Investment - Corporate Insolvency and Governance Bill - TPR: Blog Post Supporting DB Funding Reform - Other Covid-19 Updates]
Burges Salmon: Burges Salmon Legal Update 21 May 2020 – Pensions Taxation: HMRC Wins at the Upper Tribunal on in-Specie Contributions
2020 CA: Clark v HMRC [Tax - Self-invested personal pensions (SIPP) - Investments - Transfer of investments - Whether valid - Whether unauthoried payment charge]
22 May 2020
House of Commons (October 2014 onwards): Written Answers 20 May 2020 – Pensions (Coronavirus) (20 May 2020)
21 May 2020
SI 2019/689 – The Taxes (Amendments) (EU Exit) Regulations 2019 Selected provisions added following a user request (note that amendments made by these Regulations were already on Perspective).
20 May 2020
Pensions Policy Institute: PPI Briefing Note Number 120 – The Pensions Implications of COVID-19
2020 SC: Palestine Solidarity Campaign v Secretary of State for Housing, Communities and Local Government The PBLR version of this judgment will be made available shortly.
19 May 2020
Norton Rose Fulbright: Commentary May 2020 – Pensions Briefing: RPI and CPI
HM Revenue & Customs: Tax Information and Impact Notes (TIINs) May 2020 – Lifetime Individual Savings Account: Reduction of Withdrawal Charge in Response to Coronavirus (Covid-19)
18 May 2020
Allen & Overy LLP: What's New This Week 18 May 2020 – [Covid-19 Update: DC Transfers - Tax Legislation Overrides Conflicting Guidance: HMRC v Sippchoice Ltd]
Ministry of Housing, Communities & Local Government (formerly Department for Communities and Local Government): Local Government (2020) – Local Government Pension Scheme: Northumberland and Tyne and Wear Pension Fund Merger - Government Response to Policy Consultation
15 May 2020
SI 2020/502 – The Local Government Pension Scheme (Northumberland and Tyne and Wear Pension Fund Merger) Regulations 2020
PMI: Guidance May 2020 – COVID-19: Your Industry Guide
2020 Ch: Elston v King [Insolvency - Bankruptcy - Income payments agreement - Whether agreement to pay pensions as part of a compromise made under a misunderstanding of law]
14 May 2020
House of Commons (October 2014 onwards): Written Answers 12 May 2020 – NHS (Conditions of Employment) (Pension Scheme) (12 May 2020)
House of Lords (October 2014 onwards): Written Answers 12 May 2020 – War Pensions (Coronavirus) (12 May 2020)
House of Commons (October 2014 onwards): Debates and Oral Answers 4 May 2020 – Pensions (Automatic Enrolment (Offshore Employment) (Amendment) Order 2020; Occupational and Personal Pension Schemes (Automatic Enrolment) (Amendment) Regulations 2020) (4 May 2020)
13 May 2020
Eversheds Sutherland: Speedbrief 11 May 2020 – Public Sector Pensions Speedbrief: UK Supreme Court Decision on LGPS Investment Guidance
2019 Can: Nickel v Gerbrandt [Benefits - Death benefits - Nomination letters - Whether nomination can be amended by testamentary disposition]
12 May 2020
Allen & Overy LLP: What's New This Week 11 May 2020 – [Covid-19: Updated TPR Guidance on AE Duties - Latest RPI/CPI Court Ruling]
Burges Salmon: Burges Salmon Legal Update 7 May 2020 – PASA Consultation on Draft Defined Benefit Transfers Code of Good Practice Consultation
Department for Work and Pensions: Memoranda of Understanding & Other Joint Documents – Framework Document Between The Pensions Ombudsman and Pension Protection Fund Ombudsman & the Department for Work and Pensions
2020 FTT (Tax): Harrison v HMRC [Taxation - Lifetime allowance - Fixed protection - Time for notification - Whether late notification could be permitted - Whether HMRC refusal was reasonable]
11 May 2020
Spotlight on Pensions Bulletin: LeGrand View May 2020 – Keeping Focus Despite Adversity
2020 Ch: Atos IT Services UK v Atos Pension Schemes [Benefits - Indexation - Use of Retail proce Index (RPI) - Whether power within documents to convert to Consumer Price Index (CPI)]
2020 QB: Jackson v Secretary of State for Work and Pensions [Social security - Bereavement - Unmarried survivors - Whether absence of provision for unmarried survivors is discriminatory - Human rights]
7 May 2020
House of Commons (October 2014 onwards): Written Answers 4 May 2020 – Coronavirus Job Retention Scheme (Pensions); Pensions (Coronavirus); Pensions (Advisory Services); State Retirement Pensions (Females) (4 May 2020)
House of Commons (October 2014 onwards): Written Answers 5 May 2020 – Pension Funds (Coronavirus) (5 May 2020)
House of Lords (October 2014 onwards): Written Answers 5 May 2020 – Pension Funds (Coronavirus) (5 May 2020)
Firefighters' Pensions England Scheme Advisory Board: FPS Bulletins No 32 – FPS Bulletin 32 - April 2020 [fpsbull32]
6 May 2020
Local Government Pensions Committee: LGPC Bulletin 197 – LGPC Bulletin 197 - April 2020 [lgpcbull197]
Perspective Tips [tips] New tip relating to 'News Archive'
5 May 2020
Allen & Overy LLP: What's New This Week 4 May 2020 – [TPR: Latest Annual Funding Statement - TPR: Member Communications, Transfer Insert - Updated TPR Scams Guidance - Covid-19: PPF Statement on Levy Collection - Latest HMRC Newsletter - Other Covid-19 Updates]
Allen & Overy LLP: eAlerts 30 April 2020 – Annual Funding Statement: Tough Times Ahead
Norton Rose Fulbright: Commentary May 2020 – UK Pensions Briefing: The Pensions Regulator's Annual Funding Statement 2020
HM Revenue & Customs: Newsletters (Pension Schemes Newsletters) April 2020 – Pension Schemes Newsletter 119 [psn119]
2020 QB: Carter v Chief Constable of Essex Police [Benefits - Survivors - Married survivor - Married after pension came payable - Whether lawfully excluded from benefit on death of member]
4 May 2020
Burges Salmon: Burges Salmon Legal Update 1 May 2020 – New Guidance on Furlough and Pensions: What Employers and Scheme Trustees Need to Know
Barnett Waddingham: Current Issues in Pensions Financial Reporting – 31 March 2020
Eversheds Sutherland: Speedbrief 30 April 2020 – Pensions Regulator's Expectations on Funding and Communications in a Crisis
PO-18189 – Mr H [PO-18189] Determinations from February 2020 can be found under "The Pensions Ombudsman" in the Table of Documents
1 May 2020
Allen & Overy LLP: What's New This Week 27 April 2020 – [Covid-19 Update - TPR: Proposed Powers to Obtain Communications Data - Latest RPI/CPI Court Ruling - Employer Loan: Scheme Sanction Charge Payable] Our thanks to Allen & Overy for allowing us to carry the "What's New This Week" series in our Commentary collection.
Norton Rose Fulbright: Commentary April 2020 – UK Pensions Briefing - COVID-19: Scheme Governance Issues for Pension Schemes and Online Guidance
30 April 2020
The Pensions Regulator: Statements – Annual Funding Statement 2020
29 April 2020
The Pensions Regulator: Guidance - COVID-19 (Coronavirus) – Communicating to Members During COVID-19
2020 QB: Chief Constable of South Yorkshire Police v Kelly [Benefits - Injury pension - Backdating - Whether court had power to backdate -
Jurisdiction - Police pensions - Statutory pensions]
28 April 2020
House of Commons (October 2014 onwards): Written Statements 27 April 2020 – Pensions (Response to COVID-19) (27 April 2020)
27 April 2020
Pensions Policy Institute: PPI Briefing Note Number 119 – The Abolition of Adult Dependency Increases for Pensioners
Firefighters' Pensions England Scheme Advisory Board: FPS Bulletins No 31 – FPS Bulletin 31 - April 2020 [fpsbull31]
24 April 2020
House of Commons (October 2014 onwards): Written Answers 21 April 2020 – Pensions (Coronavirus) (21 April 2020)
House of Lords (October 2014 onwards): Written Answers 21 April 2020 – Occupational Pensions (Tax Allowances) (21 April 2020)
House of Lords (October 2014 onwards): Debates and Oral Answers 21 April 2020 – Scam Call Centres (Pensions) (21 April 2020)
2020 CA: British Telecommunications v HMT [Benefits - Indexation - Basis of indexation - Privatised sponsor - Whether basis for indexation of benefits was appropriate]
23 April 2020
House of Commons (October 2014 onwards): Written Statements 22 April 2020 – Temporary Changes to Pensions Tax in the Context of Abatement for Returning Workers (22 April 2020) Commons Written Ministerial Statement.
Department for Work and Pensions: DWP Factsheet – How to Increase Your State Pension if You Reached State Pension Age Between 6 April 2010 and 5 April 2015 Updated with the new amounts from 6 April 2020.
Department for Work and Pensions: DWP Guides – Your State Pension Explained Updated on GOV.UK with the latest rates effective from 6 April 2020
21 April 2020
Pensions Policy Institute: PPI Briefing Note Number 118 – How Could Changes to Price Indices Affect Defined Benefit Schemes?
Local Government Pensions Committee: LGPC Bulletin 196 – LGPC Bulletin 196 - March 2020 [lgpcbull196]
Pension Protection Fund: Guidance - Factors (Commutation, Compensation Cap, Early Retirement, Late Retirement and Step-down) – Compensation Cap Factors Actuarial Factors from 1 April 2020
The Pensions Regulator: Guidance - Detailed Guidance on Pensions Reform – Detailed Guidance for Employers Updated on TPR website in April 2020.
20 April 2020
HM Revenue & Customs: HMRC Guides – Rates and Allowances: Pension Schemes Updated for the tax year 2020 to 2021.
17 April 2020
Norton Rose Fulbright: Commentary April 2020 – New Guidance on Rectification of GMPs
CAS-29744-V6F8 – Mr N [CAS-29744-V6F8] Determinations from January 2020 can be found under "The Pensions Ombudsman" in the Table of Documents
16 April 2020
Spotlight on Pensions Bulletin: LeGrand View April 2020 – Pensions Policy - Time to Consider a More Nuanced Approach?
House of Lords (October 2014 onwards): Proceedings Relating to Secondary and Other Legislation 3 March 2020 – Guaranteed Minimum Pensions Increase Order 2020 (3 March 2020)
House of Lords (October 2014 onwards): Proceedings Relating to Secondary and Other Legislation 23 March 2020 – Judicial Pensions and Fee-Paid Judges' Pension Schemes (Contributions) (Amendment) Regulations 2020 Considered in Grand Committee; Automatic Enrolment (Earnings Trigger and Qualifying Earnings Band) Order 2020 (23 March 2020)
House of Commons (October 2014 onwards): Standing/General Committee Meetings 23 March 2020 – Draft Automatic Enrolment (Earnings Trigger and Qualifying Earnings Band) Order 2020 (23 March 2020)
HM Treasury: Directions 15 April 2020 – The Coronavirus Act 2020 Functions of Her Majesty's Revenue and Customs (Coronavirus Job Retention Scheme) Direction
15 April 2020
HM Revenue & Customs: HMRC Countdown Bulletins (ending of contracting-out) Issue 52 – Countdown Bulletin (April 2020)
14 April 2020
HM Revenue & Customs: Newsletters (Pension Schemes Newsletters) April 2020 – Managing Pension Schemes Service Newsletter
7 April 2020
SI 2020/354 – The Parental Bereavement Leave and Pay (Consequential Amendments to Subordinate Legislation) Regulations 2020 Amendments made by these Regulations are included in this update
6 April 2020
Local Government Pensions Committee: LGPC Bulletin 195 – LGPC Bulletin - March 2020 (Annual Update) [lgpcbull195]
2020 USA: Retirement Plans Committee of IBM v Jander [Fiduciaries - Trustees - Whether trustees should have appreciated that a plan sponsor sold an asset at an undervalue]
2020 USA: The National Retirement Fund v Metz Culinary Management [Multi-employer plan - Group plan - Withdrawal liability - Discount rate to be applied when calculating liability - Whether fund can use discount rate adopted after withdrawal notice served]
2019 PO: T v Hartley Pensions [Investments - Self-invested personal pensions - Failed investments - Fees - Whether fees could be charged on valueless fund]
3 April 2020
The Pensions Regulator: Guidance - COVID-19 (Coronavirus) – COVID-19: An Update For Trustees, Employers and Administrators (removed) Updated to include links to new guidance
1 April 2020
31 March 2020
PO-19898 – Mrs E [PO-19898] Determinations from December 2019 can be found under "The Pensions Ombudsman" in the Table of Documents
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)
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.
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
Department for Work and Pensions: 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
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 (2019-21) 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 (2019-21) 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 (2019-21) 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 (2019-21) 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
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)
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 January 2020 – 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 (2019-21) 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]
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
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.
