By virtue of a statutory instrument with the natty title of the Pensions Act 2004 (Code of Practice) (Governance and Administration of Occupational
The DWP has issued a consultation seeking views on two proposed changes to regulations concerning contracting-out.
On 28 July 2011, the Pensions Regulator published a statement, "Identifying your statutory employer", which is directed at helping trustees of schemes with defined benefits to identify their statutory employers.
On 19 July 2011, the Finance (No 3) Bill 2011 received Royal Assent and became the Finance Act 2011 (the "Act").
On 3 March 2011, the Government published its response ("the Response") to its consultation on how the "scheme pays" facility for meeting high annual charges from pensions benefits will work in practice.
The DWP and HMRC have issued factsheets, one for employers and one for trustees, to help plan for the abolition of DC contracting-out from April 2012.
In Young, on behalf of the T-Mobile (UK) Pension Scheme, the PPF Ombudsman rejected a complaint from scheme trustees that the PPF failed to consider "relevant factors" in deciding not to review the scheme's levy invoice.
With effect from 6 April 2010, the earliest age at which any individual will be able to take their pension from a registered pension scheme (except in cases of ill-health) will be increased from age 50 to age 55.