Quarterly Briefing


Contents

The June, 2009 Quarterly Briefing (PDF, 261 KB) highlights significant developments in pensions law, covering key areas such as pensions reform, regulatory developments, new legislation and cases.

Budget 2009

  • Restriction on pensions tax relief
  • Transitional provisions
  • Other Budget announcements

Consultations on new legislation

  • Personal accounts scheme order and rules
  • Automatic enrolment
  • Review of Disclosure of Information Requirements applying to Occupational, Personal and Stakeholder Pension Schemes

Financial Assistance Scheme

  • Consultation on draft actuarial guidance

Government Equalities Office

  • Equality Bill 2009

HM Revenue & Customs

  • The Registered Pension Schemes (Authorised Payments) Regulations 2009
  • Notional earnings cap for 2009/10
  • Tax repayment requests for a registered pension scheme
  • Anti-avoidance spotlights: Pension schemes artificial surplus

Department for Work and Pensions

  • The Occupational Pension Schemes (Contracting-out) (Amendment) Regulations 2009
  • The Occupational, Personal and Stakeholder Pensions (Miscellaneous Amendments) Regulations 2009
  • The Pensions Regulator (Miscellaneous Amendment) Regulations 2009
  • The Financial Assistance Scheme and Incapacity Benefit (Miscellaneous Amendments) Regulations 2009
  • Updated guidance on employer consultation

Financial Services Authority

  • Changes to simplify the Financial Services Compensation Scheme (FSCS)

Government Actuary’s Department

  • Changes to revaluation in deferment and validity of certificates of broad comparability

Parliamentary Ombudsman

  • Equitable Life: Parliamentary Ombudsman publishes further report

Pension Protection Fund

  • PPF compensation cap
  • PPF levy ceiling
  • Consultation on PPF powers to amend contract terms

The Pensions Regulator

  • TPR issues an “Alert to risks in the economic downturn”
  • Material Detriment Code revisited

Personal Accounts Delivery Authority

  • Investment discussion paper launched

Cases

  • The Incoporated Trustees of the National Council on Ageing (Age Concern England) v Secretary of State for Business, Enterprise and Regulatory Reform (Heyday)
  • Warwick v Trustees of the Rangers Pension Scheme
  • Trustees of the Hoval Limited Pension Plan (Deputy Pension Protection Fund Ombudsman)