7 days


7 Days is a weekly round up of developments in pensions, normally published on Monday afternoons. We collate this information from key industry sources, such as the DWP, HMRC and TPR.

In this 7 Days

HMRC publishes McCloud guidance

The McCloud remedy, which is intended to remove the effect of past discrimination in affected public service pension schemes, was implemented on 1 October 2023.

HMRC published a newsletter on 5 October 2023 to help affected public service schemes and their members with the tax implications of the remedy. The newsletter signposts members to “interactive guidance”, to check if they are affected, and a “calculate your public service pension adjustment service” for members if they need to correct their tax position as a result of the remedy.

HMRC has also published “full guidance” for members and scheme administrators.

ICO creates new subject access request tool

The ICO has created a new service to help individuals make a subject access request.  In a speech on 3 October 2023, John Edwards, the Information Commissioner, explained that this service is intended to make it “easier and more efficient” for data controllers and processors to comply with a subject access request by ensuring that all relevant information is provided at the outset.

ICO consults on draft guidance for data protection fines and penalties

On 2 October 2023 the ICO issued a consultation on new draft data protection fining guidance.  It covers the circumstances in which the ICO would consider it appropriate to issue a penalty notice and how the ICO would calculate the appropriate amount of the fine.  When finalised, the guidance will replace the parts of the ICO’s Regulatory Action Policy that explain its current approach to imposing and calculating fines.

The consultation closes on 27 November 2023.