Latest News

Trivial Commutation Regulations published!

Although the Budget 2009 has been grabbing recent headlines, promises made in last year's Budget to ease the administrative burden on occupational pension schemes are finally coming to fruition.Coming into force on 1 June 2009, the Registered Pension Schemes (Authorised Payments) Regulations 2009 will extend the list of "authorised payments" which can be made from a registered pension scheme. Please click here for more details.

Material Detriment Code Revisited

In December 2008, a draft code of practice was published by the Pensions Regulator relating to its new anti-avoidance powers under the Pensions Act 2008. The code aims to explain the circumstances in which the Regulator expects to use its new power to impose contribution notices on the basis of the material detriment test.

On 5 May 2009, the Regulator published a response to the consultation, together with a revised draft of the code. Please click here for further details.

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