P&E Update: Pensions Bulletin

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Topics covered in this bulletin:

The Watch List

New Law

  • PPF and FAS long service cap - consultation on PPF cap
  • Consultation on financial advice
  • NEST rule changes
  • NEST’s future – consultation deadline for responses extended

Tax

  • Finance Act 2016
  • Autumn Statement date and publication of Finance Bill 2017 clauses

Cases

  • Scally duty not applied re death benefit change
  • Non-pensions cases – Trustee liability (Section 61 TA1925) and Trustee Investment Duty
  • Ombudsman exercises discretion to limit investigation to UK scheme

Points in Practice

  • PPF levy consultation
  • 2016 Consultation on assumptions used for Section 143 and Section 179 valuations
  • Pensions Dashboard prototype launch expected for Spring 2017
  • Pensions Wise – FCA consultation on standards for guidance providers
  • EIOPA communication tools report

Forthcoming Events

  • Pensions Update Seminar