Tag: Consultation

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HMRC technical consultation – Inheritance Tax on pensions: liability, reporting and payment

Background The HMRC has issued a technical consultation on Inheritance Tax (“IHT”) on pensions: liability, reporting and payment. In this response Responses to specific consultation questions and related comments Responses to specific...

Unlocking the UK pensions market for growth: consultation on reforms to the DC pension market to build scale and put savers first

Background On 14 November 2024, the DWP issued a consultation on reforms to the DC pension market to build scale and put savers first. In this response General comments Responses to specific consultation questions We welcome the...

DWP consultation on draft legislation to extend CDC provision to whole-life unconnected multiple employer schemes and other related provisions

Background The DWP has issued a consultation on draft legislation to extend CDC provision to whole-life unconnected multiple employer schemes and other related provisions. In this response General comments Responses to specific questions...

The Value for Money Framework: consultation

Background On 8 August 2024, the FCA published a consultation on detailed rules and guidance for a new value for money (“VFM”) framework. In this response General comments General comments We welcome and support the policy aim of...

FCA consults on the new value for money framework

Introduction Building on its work in tandem with the DWP and TPR, the FCA today published a consultation on detailed rules and guidance for a new value for money (“VFM”) framework. Click here for a PDF of this Alert. In this Alert Key...

PSIG consultation: evolution or extinction?

Background On 1 May 2024, the Pensions Scams Industry Group (“PSIG”) issued a consultation to determine the future of the organisation. In this response General comments Responses to specific consultation questions General comments...

Consultation on options for DB schemes

Introduction On 23 February 2024, the DWP published a consultation seeking views on proposals to make it easier to make payments from DB scheme surplus to sponsors and scheme members and a model for a public sector DB consolidator run by...

Looking to the future: Greater member security and rebalancing risk – a call for evidence

Background On 22 November 2023, the DWP issued a call for evidence on the implementation of a “lifetime provider model” for workplace pensions, how collective defined contribution (“CDC”) schemes could support members, and...

Pension trustee skills, capability and culture: a call for evidence

Background On 11 July 2023, the DWP and HMT issued a call for evidence to support the development of policy options for improving the skills and capability of pension trustees and removing barriers to trustees’ ability to make effective...