Quarterly Briefing


Contents

The March, 2010 Quarterly Briefing (PDF, 187 KB) highlights significant developments in pensions law, covering key areas such as pensions reform, regulatory developments, new legislation and cases.

Legislation

  • Restrictions on tax relief for high earners
  • Employer Debt

NEST

  • Personal Accounts rebranded

DWP

  • Disclosure consultation
  • New “listed change”
  • GMP equalisation

HMRC

  • Normal Minimum Pension Age (NMPA) increases to age 55
  • Notional earnings cap for 2010/11

PPF

  • Deadlines – 2010/11
  • Deadlines – 2011/12
  • Compensation cap
  • Statement of Investment Principles (SIP)

TPR

  • Record-keeping consultation
  • Consultation on winding-up guidance

DC Round up

  • Draft investment governance principles
  • Abolition of contracting-out

Cases Round up

  • Houldsworth v Bridge Trustees Limited