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Stop Press: Budget 2015
The Watch List
6th April, 2015 Changes
- pensions flexibility regulations laid before Parliament
- Pensions Regulator’s draft "Essential Guide" to member communications about DC flexibility
- FCA consultation on proposed changes to pension transfer rules
- auto-enrolment: Easements
- guidance for actuaries on transfers out of DB schemes
Tax
- DC flexibility and tax: Consequential amending regulations
- Finance Bill 2015
New Law
- abolition of DB contracting-out: Employers’ override regulations
- DC charges and governance: DWP/FCA call for evidence on transaction costs disclosure
Cases
- TUPE: Removal of rights to unreduced redundancy pension: Ombudsman’s determination in relation to Heyes
Points in Practice
- DC charge cap: Meaning of default arrangement: Position for members who have switched funds as part of a "mapping" exercise
- Regulator’s consultation on list of auto-enrolment schemes