Knowledge |

'Game changer' Pension Schemes Bill on its way

Wide reaching changes will be made, ranging from DB surplus and superfunds through to DC VFM, automatic consolidation, “megafunds” and new retirement solutions. The proposed Virgin Media remedy is also a notable recent addition. But, with Royal Assent not due until 2026 and detailed regulations to follow, some proposals will be a relatively slow burn.

Corporate trustees – new requirements for identity verification

Death benefits and “unused DC pots” to become subject to IHT

The Government is pressing ahead with its proposal to include most unused pension funds and death benefits in the value of a person’s estate for inheritance tax purposes from 6 April 2027. But all death in service benefits will be excluded. HMRC will provide guidance to help the industry prepare for the change.

Briefings

'Game changer' Pension Schemes Bill on its way

Corporate trustees – new requirements for identity verification

Death benefits and “unused DC pots” to become subject to IHT

DC briefing – May 2023

TPR publishes annual funding statement 2023

ESG and climate change – Where are we now and where are we going?

Scheme surpluses – potential concerns for employers and trustees

New DB funding code – it’s all about the journey

What’s changing on 6 April?

Surplus: can too much money be a bad thing?

DWP consultation on addressing the challenge of deferred small pots

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