HM Revenue and customs (HMRC) is in the process of developing a new online pensions service which will, in due course, replace the current system used to submit event reports, registered pension scheme returns and other HMRC notifications.
Phase one will be launched in April 2018 to permit all new registrations to use the new system. Existing registered pension schemes will continue to use the current system until phase two is implemented which is expected to be in April 2019.
HMRC will cleanse the data held on the current system before it is migrated over to the new system in readiness for April 2019. To assist with this process HMRC is requesting trustees to log on to the current system and ensure their details are complete and up-to- date. Incomplete details will result in the new service functioning incorrectly for the scheme.
Scheme advisers who file reports and returns on behalf of trustees are also being asked to review their details and remind their trustees to take action.
If your scheme details have not been updated yet, please see section 9.11 of the user guide for detailed information on how to update your details.