Quarterly Briefing


Contents

The March, 2009 Quarterly Briefing (PDF, 257 KB) highlights significant developments in pensions law, covering key areas such as pensions reform, regulatory developments, new legislation and cases.

Consultations on new legislation

  • The Occupational, Personal and Stakeholder Pensions (Miscellaneous Amendments) Regulations 2009
  • Flexible retirement and pension provision – Government response to consultation
  • Guaranteed Minimum Pensions (GMP) conversion – Government response to consultation

Pensions Act 2008

  • Royal Assent

HM Revenue & Customs

  • The Taxation of Pension Schemes (Transitional provisions) (Amendment) Order 2008
  • The Pension Schemes (Reduction in Pension Rates) (Amendment) Regulations 2009
  • Lifetime Allowance (LA) protection – notification guidance and deadlines

Department for Work and Pensions

  • The Financial Assistance Scheme (Amendment) Regulations 2008

HM Treasury

  • Pre-Budget Report 2008
  • Equitable Life – Government response to the Report of the Parliamentary Ombudsman’s investigation

National Association of Pension Funds

  • Pension provision and the economic crisis: New survey from the NAPF

Pension Protection Fund

  • PPF confirms levy estimate for 2009/10
  • Consultation on including longer-term risk
  • Deadlines for contingent assets and guidance on “Exchange”
  • Revised commutation factors, compensation cap factors and early retirement factors
  • New Chief Executive
  • Trustee good practice guide

The Pensions Regulator

  • Scheme funding: Analysis of recovery plans and clearance applications
  • Clearance and abandonment guidance updated
  • Record keeping – response to consultation

Personal Accounts Delivery Authority

  • Decumulation consultation
  • Procurement process

Cases

  • Foster Wheeler Limited v Hanley & others
  • Capital Cranfield Trustees Limited v Beck and Tabor
  • Peck v (1) First Group plc (2) The First UK Bus Pension Scheme Trustee Limited