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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

8th April 2024

  • More guidance from HMRC as LTA removal takes effect
  • New DB funding legislation comes into force

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2nd April 2024

  • TPR’s new general code comes into force
  • Pensions dashboards updates
  • HMRC publishes latest guidance on LTA removal and begins updating PTM
  • WPC issues report on DB pension schemes
  • Updates on TPR’s progress in relation to the LDI crisis and financial stability
  • TPR gives details of recent case using its anti-avoidance powers
  • TPR publishes tips for trustees looking to improve their scheme’s EDI standards
  • TPR announces interim leadership changes
  • PPF consultation on valuation assumptions for small schemes

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25th March 2024

  • TPR publishes results of its trustee diversity and inclusion survey
  • TPR explains how it intends to use disclosure data
  • ICO publishes new fining guidance
  • PLSA updates made simple guide to own risk assessments
  • PDP publishes blog on recent dashboards queries
  • Additional funding allocated to reduce TPO waiting times
  • FCA asks firms to review processes to improve retirement income advice

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18th March 2024

  • LTA-Day preparation continues with new statutory override for scheme rules
  • Order to reduce tax charge on return of surplus published
  • TPR gives update on initiative to ensure compliance with value for members (“VfM”) requirements
  • TPR speech on its growing role
  • PPF blog on supporting overfunded schemes
  • FCA speech on the future of pensions

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11th March 2024

  • TPR consults on DB funding statement of strategy
  • Spring Budget 2024
  • HMRC issues new LTA guidance newsletter
  • Taskforce on Social Factors (“TSF”) publishes guide
  • DWP responds to consultation on proposed changes to the General Levy
  • WPC publishes correspondence with Pensions Minister
  • Public service pension increase and revaluation orders published
  • Social Security Revaluation of Earnings Factors Order 2024 published

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