26 March 2024
SI 2024/431 – The Pensions Act 2004 (General Code of Practice) (Appointed Day, Amendment and Revocations) Order 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
Allen & Overy LLP: What's New This Week 25 March 2024 – [TPR Action and Commentary on Value for Money - Pensions Dashboards: Latest Update - Next Edition]
Paul Newman KC: pensionsbarrister.com: In Focus March 2024 – Avon Cosmetics: A Critical Analysis
House of Lords (October 2014 onwards): Proceedings Relating to Secondary and Other Legislation 27 February 2024 – Social Security (Contributions) (Limits and Thresholds, National Insurance Funds Payments and Extension of Veterans Relief) Regulations 2024; Social Security Benefits Up-rating Order 2024; Guaranteed Minimum Pensions Increase Order 2024 (27 February 2024)
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
Allen & Overy LLP: What's New This Week 18 March 2024 – [Regulations Published on Lifetime Allowance Changes - Tax Charge on Refunds of Surplus to be Reduced from 6 April 2024 - Annual Pensions Increase (Review) Order Published]
UK Parliament: Parliamentary Briefing Papers – Parliamentary Briefing Papers [parl briefing] Updated briefing paper: Public Service Pensions - Response to McCloud (CBP-9177)
15 March 2024
SI 2024/357 – The Finance Act 2004 (Registered Pension Schemes and Annual Allowance Charge) Order 2024
SI 2024/372 – The Pensions Increase (Review) (No 2) Order 2024
Burges Salmon: Burges Salmon Legal Update 12 March 2024 – International Data Transfers: Actions for Pension Schemes
Hymans Robertson: Current Issues March 2024 – [Freeing DB to Do Better; [Amendment] Powers and Riches Never Want Advocates; Auto-enrolment News; England Expects - Fiduciary Duty; More Expected from Professional Trustee; HMRC Newsletters - February 2024; Small Pots Delivery Group; Thar She Blows - the PPF Levy Ceiling; Dashboard Operators Require Authorization]
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
SR 2024/49 – The Health and Social Care Pension Scheme (Amendment) Regulations (Northern Ireland) 2024
11 March 2024
Allen & Overy LLP: What's New This Week 11 March 2024 – [Spring Budget 2024 - TPR Consults on Statement of Strategy Requirements - HMRC Lifetime Allowance Guidance Newsletter - New Guidance for Trustees on Social Factors - Codes of Practice to be Revoked from 28 March 2024 - Annual GMP Increase Order - Government Responds to General Levy Review]
Firefighters' Pensions England Scheme Advisory Board: FPS Bulletins No 78 – FPS Bulletin 78 - February 2024 [fpsbull78]
2023 USA: Held 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
SI 2024/331 – The Pensions Increase (Review) Order 2024
SI 2024/334 – The Occupational Pension Schemes (Collective Money Purchase Schemes) (Amendment) Regulations 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
SI 2024/264 – The Maternity Leave, Adoption Leave and Shared Parental Leave (Amendment) Regulations 2024
SI 2024/284 – The Social Security Revaluation of Earnings Factors Order 2024 [soc sec reval 24]
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 2024/243 – The Guaranteed Minimum Pensions Increase Order 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.
SI 2024/290 – The Public Service Pensions Revaluation Order 2024
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
Department for Work and Pensions: Taxation (General) – The Occupational and Personal Pension Schemes (General Levy) Regulations Review 2023 - the Government Response
4 March 2024
SI 2024/251 – The Carer's Leave Regulations 2024
SI 2024/274 – The Occupational and Personal Pension Schemes (General Levy) (Amendment) Regulations 2024
Allen & Overy LLP: What's New This Week 4 March 2024 – [Government Consults on Options for DB Schemes - HRMC Pension Schemes Newsletter - FRC Begins First Phase of UK Stewardship Code Review - TPR Publishes Report on 2023 DB Survey - Pensions Academy Online]
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 USA: ForUsAll 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 USA: Trauernicht 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 NL: Vereniging 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
Allen & Overy LLP: What's New This Week 26 February 2024 – [Finance Bill Receives Royal Assent - TPR: Blog Post on Wider ESG Risks and Opportunities - PDP: Blog Post on Dashboards Digital Architecture - TPR Publishes Latest Statistics on UK DB Landscape - High Court Approves Compromise Solution in Avon Cosmetics Case - Next Pensions Academy Online]
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
Norton Rose Fulbright: Commentary February 2024 – UK Pensions Briefing: The Final Funding and Investment Strategy Regulations - What has Changed?
2023 Can: Brewers 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 USA: Arkansas 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
Allen & Overy LLP: What's New This Week 19 February 2024 – [HMRC Lifetime Allowance Guidance Newsletter - PLSA Stewardship and Voting Guidelines 2024 - MRC: Guidance on the 2024/25 Scheme Return and Information Requirements - Court of Appeal Dismisses Appeal on Interpretation Issues in the Railways Pension Scheme - Next Pensions Academy Online]
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 CA: HMRC 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 Aus: Jamsek v ZG Operations Australia (No 3) [Employee - Deemed employee - Whether entitled to superannuation or whether contractor]
2022 Aus: ZG 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 SA: Hansen + 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 USA: Harrison v Envision Management Holding [Investments - Disputes - Procedural - Arbitration clause - Whether enforceable]
2023 USA: Lehr v Perri Electric [Forfeiture - Restitution - Set-off - Bankruptcy - Embezzlement - Whether embezzler can direct payment of restitution into a pension plan]
2023 USA: Reetz 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
Allen & Overy LLP: What's New This Week 12 February 2024 – [TPR Report on Capita Cyber Security Incident - DWP Guidance on Dashboard Connection Deferrals - Auto-enrolment: Alternative Quality Requirements for Workplace Pension Schemes - Auto-enrolment: Annual Review of Trigger and Thresholds - Next Pensions Academy Online]
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 Aus: HEST Australia v Queensland [Investments - Commissions - Secret commissions - Consolidation - Scheme consolidation - Terms for consolidation - Transfer of funds]
2023 USA: Zall 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 January 2024 – The Pensions Regulator's General Code of Practice Finally Laid in Parliament
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
Hymans Robertson: Current Issues February 2024 – [New Year, New Code - Plink, Plink, FIS: New Funding & Investment Remedies Administered - The Regulator's Guide to the Private-markets Galaxy - HMRC Newsletters: January 2024 - Pensions Increase & Revaluation News - Post-Brexit Re-write for PPF Valuation Guidance - The PPF, the FAS, & the Terminally Ill]
Firefighters' Pensions England Scheme Advisory Board: FPS Bulletins No 77 – FPS Bulletin 77 - January 2024 [fpsbull77]
Department for Work and Pensions: Scheme Administration (Auto-enrolment) – Government Response to Automatic Enrolment: Alternative Quality Requirements for Defined Benefits and Hybrid Schemes Being Used as a Workplace Pension
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
Norton Rose Fulbright: Commentary January 2024 – UK Pensions Briefing: The Essentials When Preparing for Insurance of Pension Scheme Benefits
House of Commons (October 2014 onwards): Written Statements 6 February 2024 – Automatic Enrolment (the Earnings Trigger and Qualifying Earnings Band Review 2024/25 and the Triennial Review of the Alternative Quality Tests) (6 February 2024)
2022 Ind: Employees 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 USA: Haley v Teachers Insurance and Annuity Association of America [Litigation - Class actions - Breach of fiduciary duty]
2023 USA: Kanefsky v Ford Motor Co General Retirement Plan [Benefits - Overpaid benefits - Whether plan can recover - Whether estoppel applies]
5 February 2024
Allen & Overy LLP: What's New This Week 5 February 2024 – [DB Funding Regulations Published - Securitisation Regulations 2024: Change to the Regulatory Perimeter - PPF Updates Valuation Guidance - PPF Levy Ceiling Updated]
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 Aus: James 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 USA: Falberg 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
SI 2024/101 – The Pension Protection Fund and Occupational Pension Schemes (Levy Ceiling) Order 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
Draft Regulations – The draft Finance Act 2004 (Registered Pension Schemes and Annual Allowance Charge) Order 2024 (January 2024)
Allen & Overy LLP: What's New This Week 29 January 2024 – [TPR Guidance on Private Market Investments - HMRC: Pension Schemes Newsletter No. 155 - High Court Upholds DB to DC Conversion and Considers Underpin Issue: Newell]
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.
Draft Regulations – The draft Occupational Pension Schemes (Funding and Investment Strategy and Amendment) Regulations 2024 (January 2024)
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 KB: Lewis 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
Pension Protection Fund: Guidance - Valuation Version C5 – Guidance for Undertaking the Actuarial Valuation of a Closed Scheme in Accordance with Section 156 of the Pensions Act 2004
Pension Protection Fund: Guidance - Valuation Version D5 – Guidance for Actuaries Undertaking the Valuation Under Section 152 of the Pensions Act 2004 and Statement Setting out how the Board of the Pension Protection Fund will make a Funding Assessment under Section 152 (10C) of the Pensions Act 2004
Pension Protection Fund: Guidance - Valuation Version F3 – Statement Under Section 143(5C) of the Pensions Act 2004 Setting out how the Board of the Pension Protection Fund will make a Funding Determination Under Section 143(2)(a)
Pension Protection Fund: Guidance - Valuation Version 2 – Information for Valuing Benefits in Respect of the Hampshire, Hughes and Bauer Judgments in a Section 143 Valuation
2023 Ct Sess: abrdn (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)
The Pensions Ombudsman: Factsheets & Information – Recovery in Overpayment Cases - Court of Appeal Judgment that the Pensions Ombudsman is Not a 'Competent Court'
2023 CA: Campbell 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
Allen & Overy LLP: What's New This Week 22 January 2024 – [Updates to the Scheme Return for DB/Hybrid Schemes - Validity of Amendment to CARE Basis for Future Accrual: Avon Cosmetics - Draft GMP Order 2024]
The Pensions Regulator: Codes of Practice 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
Allen & Overy LLP: What's New This Week 15 January 2024 – [TPR Publishes Final Version of General Code of Practice]
2023 ET: Broadbent 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 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 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 Ire: Clarke 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
Allen & Overy LLP: What's New This Week 8 January 2024 – [TPO Statement on Recoupment of Overpayments Following CMG Decision - HMRC: Lifetime Allowance Newsletter (December 2023) - Divorce: Reminder and New Guidance - Dashboards Penalties: Prohibition on Indemnity from Scheme Assets - Draft Order: Operating a Dashboard Service to be a Regulated Activity - Draft Regulations: CMP Schemes]
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
SI 2023/1414 – The Pensions Dashboards (Prohibition of Indemnification) Act 2023 (Commencement) Regulations 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 CA: The Pensions Ombudsman v CMG Pension Trustees Ltd & Anor The PBLR version of this judgment will be made available shortly.
20 December 2023
Draft Order – The draft Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2024 (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
Hymans Robertson: Current Issues December 2023 – [Pensions Measures in the Autumn Statement 2023 - Statutory Revaluation Hits the Buffers (Again) - Clearing Exemption for Pension Schemes: Call for Evidence - Ombudsman Upholds by-the-book Transfer Approach - Ombudsman not 'Competent' in Overpayment Cases - New Pensions Minister - HMRC Newsletters: November 2023 - Dates set for Pensions-law Appeals]
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
Allen & Overy LLP: What's New This Week 18 December 2023 – [TPR Updates Cybersecurity Guidance - TPR Sets Out its Expectations on Corporate M&A - PPF Finalises Levy Rules for 2024/25 - PASA Digital Jargon Buster - Next Edition of WNTW]
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
Draft Regulations – The draft Occupational Pension Schemes (Collective Money Purchase Schemes) (Amendment) Regulations 2023 (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 ET: Clayson 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: 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
Allen & Overy LLP: What's New This Week 11 December 2023 – [PASA Guidance on being 'Connection Ready' for Dashboards - Timeframes for Expected Regulatory Developments - Court of Appeal Rules that Payments for Adverse Pension Changes are Taxable - PPF Publishes Latest Purple Book - Regulations made to Maintain Retained EU law Pensions Judgments]
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 UT: Intelligent 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 2023/1309 – The Pensions Act 2004 (Amendment) (Pension Protection Fund Compensation) Regulations 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 UT: EM 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
Allen & Overy LLP: What's New This Week 4 December 2023 – [Draft Legislation on Abolition of LTA - TPR Blog Post on Alternative DB Scheme Funding Arrangement - TPR Blog Post on the Changing Pensions Landscape - Latest HMRC Newsletter - Latest Revaluation Order]
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
SI 2023/1265 – The Occupational Pensions (Revaluation) Order 2023
HM Revenue & Customs: Directions – Directions Under Regulation 3 of the Income and Corporation Taxes (Electronic Communications) Regulations 2003 (SI 2003/282), as Those Regulations Apply by Virtue of Regulation 43 of the Public Service Pension Schemes (Rectification of Unlawful Discrimination) (Tax) (No 2) Regulations 2023 (SI 2023/912)
2023 Ch: ClientEarth v Shell (No 3) [Corporate governance - Litigation - Costs - Whether costs recoverable by successful party]
2023 ET: Jhuti v Royal Mail [Employment - Dismissal - Unfair dismissal - Compensation - Valuation of loss of pension rights and expectations]
27 November 2023
Eversheds Sutherland: Speedbrief 23 November 2023 – Autumn Statement Turbo Charges Pension Reforms
Government Actuary's Department: Technical Bulletins 24 November 2023 – Autumn Statement 2023: a GAD Technical Bulletin
The Pensions Regulator: Statements – Value for Money Framework and DWP's Master Trust Review
2023 Ch: ClientEarth v Shell [Investments - Minority shareholder - Derivative claims - Compliance with obligation to mitigate climate change risks - Whether directors in breach of corporate obligations - Whether court will direct change of company policy - Impact of foreign judgment - Whether negligence, default, breach of duty or breach of trust - Whether a prima facie case - Whether genuine effort to remedy bad faith by a director]
HM Revenue & Customs: Tax Information and Impact Notes (TIINs) July 2023 – Pension Schemes - Relief at Source Amendments Updated to reflect changes following the Office for Budget Responsibility November 2023 forecast.
24 November 2023
Department for Work and Pensions: Scheme Administration (Auto-enrolment) – Looking to the Future: Greater Member Security and Rebalancing Risk
Department for Work and Pensions: Pension Reform (Security in Retirement/Workplace Pension Reforms) – Helping Savers Understand Their Pension Choices: Supporting Individuals at the Point of Access: Consultation Response
Department for Work and Pensions/HM Treasury: Trusts, Trusteeship and Scheme Governance (Master Trusts) – Evolving the Regulatory Approach to Master Trusts
Department for Levelling Up, Housing & Communities (formerly Ministry of Housing, Communities & Local Government): Local Government (2023) – Local Government Pension Scheme (England and Wales): Next Steps on Investments - Government Response
23 November 2023
Department for Work and Pensions/HM Treasury: Trusts, Trusteeship and Scheme Governance (Trusteeship) – Government Response to 'Pension Trustee Skills, Capability and Culture: A Call for Evidence'
Department for Work and Pensions: Investment (Options for DB Schemes) – Options for Defined Benefit Schemes - Government Response
Department for Work and Pensions: Trusts, Trusteeship and Scheme Governance (Master Trusts) – Trends in the Defined Contribution Trust-based Pensions Market: Analysing the Pensions Landscape and Consolidation in the DC Trust-based Pensions Market
22 November 2023
SI 2023/1237 – The Social Security (Widow's Benefit and Retirement Pensions) (Amendment) Regulations 2023
HM Revenue & Customs: Tax Information and Impact Notes (TIINs) November 2023 – Abolition of the Lifetime Allowance (LTA)
Pendragon: Pensions Reference Materials – Statistics and Other Information [stats] Link to 'Workplace pensions participation and savings trends: 2009 to 2022' added
21 November 2023
Barnett Waddingham: Current Issues in Pensions Financial Reporting – 30 September 2023
Norton Rose Fulbright: Commentary November 2023 – UK Pensions Briefing: The General Data Protection Regulation: Five Years On
20 November 2023
Allen & Overy LLP: What's New This Week 20 November 2023 – [Call for Evidence on Pension Scheme Clearing Exemption - TPR Blog Post on the Challenges of DC Decumulation]
2023 FTT (General Regulatory Chamber): Finishing Touches Cheltenham v TPR [Regulation - Fixed Penalty Notice - Automatic enrolment - Certificate of compliance - Duties delegated to accountant - Failure to file - Whether reasonable excuse]
2023 UT: Shah v TPR [The Pensions Regulator - Contribution Notice - Voluntary liquidation of plan sponsor - Whether directors liable for further contributions]
17 November 2023
2023 Ch: Cohen v O'Leary [Insolvency - Bankruptcy - Whether fraud or fraudulent breach of trust - Whether retrospective order can be made - Whether need for information about pension rules - Foreign pension schemes - Requirement to provide information about a foreign scheme]
2023 Ch: Trafalgar Multi Asset Trading Company v Hadley [Investments - Fraudulent investments - Liability of directors of asset manager - Whether conspiracy - Criminal or unlawful investment activity]
15 November 2023
CAS-71055-X2X7 – Mr R [CAS-71055-X2X7 ] Determinations from July 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)
Pendragon: Pensions Reference Materials – Statistics and Other Information [stats] CPI and RPI figures updated together with inflation rates (Tables 17A and 17B)
HM Revenue & Customs: ROPS – Overseas Pensions: ROPS Notification List [rops] List dated 15 November with 17 schemes added and 7 removed
14 November 2023
Allen & Overy LLP: What's New This Week 13 November 2023 – [TPR Speech on DC Decumulation - King's Speech: No Significant Pensions Announcements]
CAS-74469-D5N8 – Mrs R [CAS-74469-D5N8] Determinations from May 2023 can be found under "The Pensions Ombudsman" in the Table of Documents.
Firefighters' Pensions England Scheme Advisory Board: FPS Bulletins No 74 – FPS Bulletin 74 - October 2023 [fpsbull74]
13 November 2023
Linklaters: Pensions Case Law Autumn 2023 – Pensions Case Law - Update: Autumn 2023
Pensions Policy Institute: PPI Briefing Note Number 136 – What is the Role of Engagement in Pensions?
TLT LLP: SIPP and SSAS Round-up Autumn 2023 – SIPP and SSAS Round-up - Autumn Edition 2023
HM Treasury: Financial Market Infrastructure (FMI) – Pension Fund Clearing Exemption: Call for Evidence
2023 KB: Hogan v Financial Ombudsman Service [Judicial review - Transfers - Whether transfer from defined benefit workplace scheme to self-invested personal pension was appropriate - Advice - Whether advice was appropriate - Ill-health pension]
Pendragon: – Spotlight on Pensions: A Guide to Pensions Practice [spotlight] Update includes new material on climate change, automatic enrolment developments, value for DC savers, the PMI's dashboards guide, TPR's general code, the launch of the PPF Trustmark and new guides published by the PLSA.
10 November 2023
Burges Salmon: Burges Salmon Legal Update 25 October 2023 – How to Implement the McCloud Remedy: A Guide to Key Resources for LGPS Funds and Their Administrators
Hymans Robertson: Current Issues November 2023 – [Levee en Masse - VAT a Palaver - Heads on Spikes on London Bridge - Spotlight on the 'S' in ESG - The (Regulator's) View from the Summit - Zen & the Art of Motorcycle Miscreance - Not at this Address: Postal Problems & Penalty Notices -SIPP Administrator Duped by Fraudster - Public Sector Update - HMRC Newsletters October 2023]
Norton Rose Fulbright: Commentary October 2023 – UK Pensions Briefing: The DWP's Independent Review of the Pensions Regulator
9 November 2023
XPS Pensions: XPS Insights October 2023 – PPF Slashes Levies Again to £100m But Warns They Will Not Go Lower
Home Office: Occupations (Firefighters' Pensions) – Retained Firefighters' Pensions: Proposed Changes to the Firefighters' Pension Scheme (England) Order 2006: Government Response
8 November 2023
XPS Pensions: XPS Insights October 2023 – Q4 2023 Outlook for Pension Scheme Trustees and Employers
7 November 2023
Allen & Overy LLP: What's New This Week 6 November 2023 – [TPO's First Decision on Transfer Regulations and Overseas Investment Flag - Economic Crime and Corporate Transparency Act and Ban on Corporate Directors - Court of Appeal Rules TPO not a 'Competent Court' for Purposes of Enforcing Set-off - TPR Speech on Delivering Investment Returns - Dashboards Update - TPR Report on Employer-related Investment Prosecution]
UK Parliament: Parliamentary Briefing Papers – Parliamentary Briefing Papers [parl briefing] Updated briefing paper: State Pension Triple Lock (CBP-7812)
3 November 2023
The Pensions Regulator: Determination Notices 2023/24 8 August 2023 – Stuart James Garner - Determination Notice
The Pensions Regulator: Regulatory Intervention Reports October 2023 – Donington MC, Dominator 2012 and Commando 2012 Pension Schemes
UK Parliament: Parliamentary Briefing Papers – Parliamentary Briefing Papers [parl briefing] Updated briefing paper: Pension FAQs: Occupational and Personal Pensions (CBP-9628)
2 November 2023
Department of Health and Social Care: Public Service Pensions (Consultations) – NHS Pension Scheme: Member Contributions Phase 2 and Miscellaneous Amendments
1 November 2023
HM Revenue & Customs: ROPS – Overseas Pensions: ROPS Notification List [rops] List dated 1 November with 3 schemes added and 13 removed
30 October 2023
Allen & Overy LLP: What's New This Week 30 October 2023 – [TPR Speech on Upcoming Priorities - Latest HMRC Newsletter - PPF Blog Post on Establishing a Public Sector Consolidator - Compact on 'High-growth Investment']
26 October 2023
HM Revenue & Customs: Newsletters (Pension Schemes Newsletters) October 2023 – Pension Schemes Newsletter 153 - October 2023 [psn153]
2023 FTT (Tax): Morgan Lloyd Trustees v HMRC [Tax - Taxation - Unauthorised payment charges - Scheme sanction charges - Loans - Valuation]
24 October 2023
Local Government Pensions Committee: LGPC Bulletin 242 – LGPC Bulletin 242 - September 2023 [lgpcbull242]
HM Revenue & Customs: Newsletters (Pension Schemes Newsletters) October 2023 – Newsletter on the Public Service Pensions Remedy - October 2023
2023 Ch: Brass Trustees v Goldstone (re Biwater) [Plan sponsor - Trustee application to wind-up sponsor - 'Blessing application' - Whether breach of duty to 'act as ordinary, reasonable and prudent trustees might act' - Part VIII claim]
23 October 2023
Allen & Overy LLP: What's New This Week 23 October 2023 – [TPR Blog Post on Pensions Dashboards Preparation - DWP Taskforce Consultation on Social Factors Guidance - PLSA Guides: Buy-ins/outs and CDI]
Cabinet Office: Public Sector Transfer Club PSTC 8 – The Public Sector Transfer Club - Memorandum by the Cabinet Office
SR 2023/178 – The Firefighters' Pension Schemes (Amendment) Regulations (Northern Ireland) 2023 Amendments made by these Regulations are included in this update.
19 October 2023
SR 2023/132 – The Health and Social Care Pension Schemes (Remediable Service) Regulations (Northern Ireland) 2023
18 October 2023
The Pensions Regulator: Regulatory Intervention Reports September 2023 – ExxonMobil Pension Plan
Pendragon: Pensions Reference Materials – Statistics and Other Information [stats] CPI and RPI figures updated together with inflation rates (Tables 17A and 17B)
16 October 2023
Allen & Overy LLP: What's New This Week 16 October 2023 – [Public Service Discrimination Remedy: Guidance on Knock-on Impact for Private Sector Schemes - Pensions Dashboards: New Blog Post]
Norton Rose Fulbright: Commentary September 2023 – UK Pensions Briefing: Pensions Issues for Lenders to UK Companies
HM Revenue & Customs: ROPS – Overseas Pensions: ROPS Notification List [rops] List dated 16 October 2023 with 9 schemes added and 7 removed
13 October 2023
Hymans Robertson: Current Issues October 2023 – [Expanding the Scope of Auto-Enrolment - PPF 2024/25 Levies: a New Low (Though Not as Low as They Could Be) - The Main Thing is Honesty - Challenge to Surplus-Return Plan Rejected - Room for Improvement: Regulator Gets Its Report Card - DWP Preserves Selected EU Legal Obligations - Tweaks to Tax Law When Insurers Hit Difficulties - Public Sector Round Up - PLSA Refreshes Divorce Charging Guide - HMRC Newsletters September 2023]
2023 Ch: British Broadcasting Corporation v BBC Pension Trust [Benefits - Future service - Defined benefits scheme - Whether trustees could reduce future service rights - Amendment powers - Proper purpose - Interpretation]
12 October 2023
The Pensions Regulator: Compliance and Enforcement Updates January-June 2023 – Compliance and Enforcement Bulletin January to June 2023
UK Parliament: Parliamentary Briefing Papers – Parliamentary Briefing Papers [parl briefing] Updated briefing paper: Occupational Pension Increases (CBP-5656)
10 October 2023
2023 CA: McGaughey v Universities Superannuation Scheme [Derivative claim - Investments - Fossil fuels - Whether breach of fiduciary duty to fail to implement a plan to move away from investing in fossil fuels - Claim by members of the plan]
Income Tax (Earnings and Pensions) Act 2003 [itepa03] S 201 added after user request
9 October 2023
Allen & Overy LLP: What's New This Week 9 October 2023 – [DWP General Levy consultation - TPR issues first fine for climate change reporting failure - Guide on biodiversity and nature-related risk - ICO Consultation on Data Protection Fining Guidance]
Perspective Tips [tips] New tip relating to archived news and surveys
6 October 2023
Firefighters' Pensions England Scheme Advisory Board: FPS Bulletins No 72 – FPS Bulletin 72 - August 2023 [fpsbull72]
SR 2023/149 – The Local Government Pension Scheme (Amendment No 2) Regulations (Northern Ireland) 2023 Amendments made by these Regulations are included this update
4 October 2023
UK Parliament: Parliamentary Briefing Papers – Parliamentary Briefing Papers [parl briefing] Updated briefing paper: War Widows' Pensions (SN00568)
3 October 2023
Department for Work and Pensions: Taxation (General) – The Occupational and Personal Pension Schemes (General Levy) Regulations Review 2023
2 October 2023
Allen & Overy LLP: What's New This Week 2 October 2023 – [GMP Equalisation Communication Toolkit - TPR Issues First Climate Change Reporting Fine - UK-US Data Sharing Adequacy Regulations]
HM Revenue & Customs: ROPS – Overseas Pensions: ROPS Notification List [rops] List dated 1 October 2023 with 16 schemes added, 6 removed and 1 amended.
28 September 2023
Department of Health and Social Care: Public Service Pensions (Consultations) – McCloud Remedy Part 2: Proposed Changes to NHS Pension Scheme Regulations 2023 - Consultation Response
Department for Levelling Up, Housing & Communities (formerly Ministry of Housing, Communities & Local Government): Local Government (2023) – 'McCloud' Remedy in the LGPS - Supplementary Issues and Scheme Regulations: Government Response