The Department for Work and Pensions (DWP) has limited the retrospective scope of money purchase legislation, following the 2011 Bridge Trustees case.
As a result, schemes will not generally have to review decisions made before the updated definition of money purchase benefits comes into force this summer. Last year, the DWP published a consultation...
Government plans to increase the general levy will disproportionately hit members who have been auto-enrolled, says Darren Philp
The professional trustee accreditation process, set up by the Professional Trustee Standards Working Group (PTSWG), has been delayed again and is now expected to launch “in the new year”.
The Pensions Regulator (TPR) has published guidance detailing how schemes that use fiduciary managers should run a competitive tender process when appointing a manager.
The European Court of Justice (ECJ) will deliver its judgment next month in a landmark case on whether pension lifeboat funds are paying out the right level of benefits.
The Conservative party will hold reviews of the tapered annual allowance and net-pay schemes if it is elected back into government, it has said.