(2): HMRC’s Countdown Bulletin 12
Topics covered in this bulletin:
The Watch List
New Law
- Stop press: Consultation on further changes to auto‑enrolment legislation
- Abolition of DB contracting-out: Bulk transfers without consent
- Chancellor announces cap on early exit charges
- Government response to consultation on creating secondary annuity market
- Automatic enrolment earnings trigger and qualifying earnings band for 2016/17
Tax
- Pensions provisions in Finance Bill 2016
- Pension Schemes Newsletter 74
Cases
- Meaning of “ordinarily working in Great Britain” for the purposes of auto-enrolment: R on the application of Fleet Maritime Services (Bermuda) Limited v. The Pensions Regulator
- Incorrectly executed rule amendment upheld: Trustees of the Scottish Solicitors’ Staff Pension Fund v Pattison and Sim
- Employer’s duty to inform about pensions: Recent Ombudsman’s determinations
Points in Practice
- Financial Services Compensation Scheme: Proposed changes
- Pensions Regulator’s draft prosecution policy published for consultation
- Withholding tax reclaims by UK schemes: Pensions Regulator’s letter
- DC flexibility: FCA retirement income market data
- Abolition of DB contracting-out (1): New DWP Q&As on new state pension
- Abolition of DB contracting-out (2): HMRC’s Countdown Bulletin 12