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7 Days Archive

A weekly digest of developments in pensions, normally published on Monday afternoons. We collate the information from key industry sources, such as the DWP, HMRC and TPR.

7 Days Archive

30th March 2020

  • Coronavirus – Sackers response
  • Coronavirus Act 2020 receives royal assent and guidance published on furloughed workers
  • General levy increase revoked
  • New standard lifetime allowance confirmed
  • Companies House grants extension on company accounts
  • BEIS committee launches inquiry on audit reform
  • EIOPA publishes model pension benefit statements
  • FCA delays Directory of Certified and Assessed Persons
  • FCA delays changes to DB transfer rules
  • FRC publishes final strategy and budget for 2020/21
  • Joint statement by FRC, FCA and PRA
  • HMRC issues pension schemes newsletter 118
  • ICO on coronavirus
  • PASA extends DB transfers code consultation
  • PASA launches COVID-19 guidance for administrators
  • PASA announces new cybercrime and fraud working group
  • PLSA publish COVID-19 resources
  • PPF paying another group of members affected by Hampshire ruling
  • New TPR guidance on COVID-19
  • TPO focus on existing queries and complaints
  • McCloud and Sargeant: update on action to address unlawful age discrimination

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23rd March 2020

  • Coronavirus – Sackers response
  • Finance Bill 2019-21
  • Coronavirus Bill 2019-20
  • Automatic enrolment regulations for maritime workers published
  • Off-payroll working changes delayed until April 2021
  • Possible extension for filing company accounts
  • FCA guidance on Coronavirus
  • FRC guidance on Coronavirus
  • GMP equalisation guidance – “when to rectify”
  • ICO guidance on Coronavirus
  • PPF Coronavirus guidance and contingent asset requirement changes
  • PPF levy scoring confirmed
  • PPF guidance on trustee contingency planning
  • TPR updated guidance on Coronavirus and suspension of initiatives

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16th March 2020

  • Budget day 2020
  • New pensions increases and revaluation legislation published
  • Parental Bereavement Leave regulations published
  • Consultation on climate-related risk
  • HMT response to call for evidence on regulatory coordination
  • PLSA guidance on diversity and inclusion
  • TPR statement for trustees on coronavirus
  • TPR updates guidance for cross-border schemes on a no-deal Brexit

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9th March 2020

  • TPR publishes first part of consultation on revised code for scheme funding
  • Order made on revaluation of GMPs
  • Order made clarifying VAT exemption for management of pension funds
  • DWP publishes general levy consultation response
  • Illustrative Collective DC regulations published
  • FCA amends COBS rules to remove barriers to patient capital investment
  • Government statement that electronic signatures are valid
  • Spring Budget 2020 briefing paper published

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2nd March 2020

  • DWP confirms ambition to remove AE lower earnings limit
  • FCA publishes feedback statement on barriers to patient capital investment
  • FCA updates guidance on how to avoid pension scams
  • HMRC issues pension schemes newsletter 117
  • HMRC and HMT publish conclusions on review of off-payroll working rules
  • Partial response to LGPS consultation
  • TPR responds to DWP letter on climate change
  • TPR blog on a maturing and innovating landscape for DB pensions

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