Topics covered in this bulletin:
New Law
- What’s happening between now and 6th April, 2016?
- policyholder protection: Increase in compensation limits for insurance policyholders
6th April, 2015 Changes
- DB to DC transfers: Independent advice requirement: Pitfall in relation to de minimis exception
- DC charges and governance: Regulator’s answers to FAQs
- meaning of "AVCs" in the Charges and Governance Regulations 2015
- Pension Wise website
- HM Treasury consultation on pension transfers and early exit charges
Tax
- proposed reduction of annual allowance: High income individuals and alignment of pension input periods
- scope for increased VAT recovery on pension scheme expenditure: Update
- 6th April, 2016 restrictions on pensions tax relief: Pension Schemes Newsletter 71
- Autumn Statement to take place on 25th November, 2016
Cases
- Pensions Ombudsman’s determinations: June to September 2015
News from the PPF
- PPF guidance note on pre-packs
- updated 2015/16 levy guide
- recognition of Type A Contingent Asset: PPF Ombudsman’s determination in relation to the Land Rover Pension Scheme
News from the Regulator
- Regulator’s guidance on assessing and monitoring the employer covenant
- scheme funding: Docklands Light Railway Pension Scheme