Quarterly Briefing


Contents

The September, 2009 Quarterly Briefing (PDF, 259 KB) highlights significant developments in pensions law, covering key areas such as pensions reform, regulatory developments, new legislation and cases.

Department for Work and Pensions

  • Building a society for all ages: Choices for older people

Personal Accounts Delivery Authority

  • Securing a retirement income

Finance Act 2009

  • Royal Assent

Material Detriment Test

  • The Pensions Act 2008 (Commencement No.4) Order 2009
  • The Pensions Act 2004 (Code of Practice) (Material Detriment Test) Appointed Day Order 2009

Authorised Payments

  • The taxation of pension schemes (Transitional Provisions) (Amendment No.2) Order 2009
  • The Pension Schemes (Reduction in Pension Rates) (Amendment) Regulations 2009

Miscellaneous

  • The Pension Protection Fund (Entry Rules) (Amendment) Regulations 2009
  • The Pensions Regulator (Delegation of Powers) Regulations 2009
  • The Financial Assistance Scheme (Miscellaneous Provisions) Regulations 2009

Board for Actuarial Standards

  • Consultation on proposals for new actuarial standard

HM Treasury

  • Equitable Life – Update

Pension Protection Fund

  • Section 179 guidance published
  • Consultation on valuation assumptions
  • 2010/11 levy
  • Consultation on long-term levy future

The Pensions Regulator

  • TKU: Revised code and scope guidance
  • Statement on scheme funding and the employer covenant
  • Higher standards for DC pensions

Cases

  • Foster Wheeler v Hanley
  • Rolls Royce plc v Unite the Union
  • Walker Morris Trustee Ltd v Masterson and Lodge
  • R (on the application of Age UK) v Secretary of State for Business, Innovation and Skills