Law and Regulation

The government has scrapped plans to go ahead with an Autumn Budget on 6 November as prime minister Boris Johnson continues to push for a general election before the end of the year.

Trustees and scheme sponsors should avoid significant pension actions until proposed changes to RPI inflation methodology become clearer, Lane Clark & Peacock says.

The Pension Protection Fund (PPF) has launched a retendering process for firms to sit on its assessment period trustee panel, with an increased focus on corporate restructures and insolvency proceedings.

The Department for Work and Pensions (DWP) has proposed increasing the general levy on occupational and personal pension schemes from 1 April 2020.

The Pensions Regulator (TPR) will now seek to publish the first of two consultations on a revised defined benefit (DB) funding code in the new year, depending on the political environment.

The pensions schemes bill will digitalise pensions and provide savers with greater confidence for retirement, Guy Opperman has said.

The Pensions Regulator’s relationship supervision regime was launched a year ago. Jonathan Stapleton hears from Dianne Morgan about how it is working in practice.

Flexible apportionment arrangements have become a commonly used tool for employers but, as Andy Lewis says, there can be issues for the unwary.

The government will change the law to allow the Pension Protection Fund (PPF) to aggregate pensions for the purposes of calculating compensation.

With the spectre of Brexit looming over parliament, Jonathan Stapleton has some scepticism that the pension schemes bill will be enacted any time soon.