P&E Update: Pensions Bulletin

Topics covered in this bulletin:

The Watch List

New Law

• Early exit charges and ban on member-borne commission
• Auto-enrolment consultation – DB alternative quality requirement; seafarers; offshore workers
• State Pension Age (SPA) review

Tax

• VAT
• Finance Bill

Cases

• IBM Court of Appeal decision
• Ill-heath retirement of disabled person not unfavourable – CA
• LGPS investment guidance not for pensions purpose

Points in Practice

• Pensions Ombudsman and PPF Ombudsman Annual Report and Accounts
• Pan European Personal Pension proposal – HM Treasury’s views