P&E Update: Pensions Bulletin

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Topics covered in this bulletin:

The Watch List

New Law

  • Provision of information regulations amended

Tax

  • Pensions tax on overseas pensions – guidance
  • Salary sacrifice and flexible benefit plans

Cases

  • Silentnight - judicial review claim against 2nd warning notice fails
  • LGPS not required to tell member about nature of scheme investments
  • No duty to tell member change of calculation of future CETVs
  • Scheme should offer unauthorised late PCLS – PO ruling

Points in Practice

  • IORP II published in the Official Journal
  • First fines for master trusts failing to complete chair’s statement
  • Loss of personal data – ICO penalty notice

P&E Update: Pensions Bulletin (27 Jan 17)