A provision has been included in the Bill which says that where scheme rules provide for revaluation by reference to RPI but in all other respects reflect the statutory requirements on revaluation, the provisions of the Rules will apply.
HMRC has issued some updated guidance on the pre-owned assets charge and in particular setting out their revised view on double trust or home loan schemes.
Here’s an easy question for trustees to think about on their summer holidays: who are the statutory employers for my pension scheme?
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.
The Government has issued consultation aimed at preventing double faze relief when employers use assets to back contributions to pension schemes.
Money might burn a hole in your pocket, but a lack of money is burning a bigger hole in companies' pension pockets.
Automatic enrolment for personal accounts introduced for some schemes.
Hopes for a laid-back summer appear to have had no place in the pensions landscape.
The Pensions Act 2004 gives the Pensions Regulator (the Regulator) the main objectives of protecting pension benefits, reducing the risk of claims on the Pension Protection Fund (PPF) and promoting good administration of pension schemes.
On 5 December the DWP published its response to its consultation on the Deregulatory Review Report prepared by Chris Lewin and Ed Sweeney.