Quarterly Briefing


Contents

The March, 2008 Quarterly Briefing (PDF, 200 KB) highlights significant developments in pensions law, covering key areas such as pensions reform, regulatory developments, new legislation and cases.

Pensions Bill 2007/08

  • New Pensions Bill published

Financial Assistance Scheme

  • FAS update

Employer Debt Update

  • Employer Debt Amendment Regulations

HM Revenue & Customs

  • Trustees and the new anti-money laundering regime
  • Tax simplification – lifetime allowance test (BCE3)

National Association of Pension Funds

  • Updated corporate governance policy and voting guidelines
  • 2007 survey of UK pension schemes

Pension Protection Fund

  • Risk-based levy deadlines
  • Pension protection levy 2008/09 determination
  • Guaranteed Minimum Pensions (GMPs)

The Pensions Regulator

  • TPR issues first Financial Support Direction (FSD)
  • Scheme returns – new system
  • Guidance on voluntary employer engagement in Group Personal Pensions (GPPs)

Personal Accounts Delivery Authority

  • Consultation launched on the charging structure for personal accounts

Miscellaneous

  • James Purnell appointed Secretary of State for Work and Pensions
  • Accounting Standards Board
  • Local Government
  • Risk management of alternative investments

Cases

  • Lindorfer v Council of the European Union
  • Bradley and others v Secretary of State for Work and Pensions
  • Allied Domecq (Holdings) Limited v (1) Allied Domecq First Pension Trust Limited and (2) Allied Domecq Second Pension Trust Limited
  • Smithson v Hamilton
  • Capital Cranfield Trustees Limited v HMRC
  • Mrs W (Pensions Ombudsman)