As we were going to press the Attorney General’s opinion was issued in the application by Heyday seeking to overturn the retention in UK law of the default retirement age of 65.

The draft Guaranteed Minimum Pensions Increase Order 2024 has been laid before Parliament, specifying 3 per cent as the amount by which GMPs attributable to earnings factors for the tax years...

Published on March 15, 2024, the most recent issue of the LTA guidance newsletter is now available from HMRC. Set out in the same format as the previous versions...

The Public and Commercial Services (PCS) Union has confirmed that members working for the Regulator are due to strike from September 5 to September 18, 2023...

On 1 October 2012 s.87 of the Pensions Act 2008 came into force which removes the statutory duty for employers to have a designated stakeholder pension scheme.

Over time, starting for some employers on 1 October, all employers in Great Britain will be obliged to automatically enrol eligible jobholders into a pension scheme and to pay certain minimum pension contributions.

Draft legislation to ban pensions cold-calling will be published in early 2018. The proposed ban will include texts and e-mails as well as unsolicited phone calls.

On 1 October 2012, new workplace pensions laws came into effect which require employers in the UK to automatically enrol their employees into a pension scheme.

The Prudential Regulation Authority is consulting on rule amendments to increase Financial Services Compensation Scheme coverage on pension scheme buy-outs applying to individuals who have moved abroad.

The European Securities and Markets Authority has published a statement on deprioritising supervisory actions linked to pension schemes' clearing obligations pending the finalisation of the EMIR review.

Nick White, Knowledge Counsel in the Pensions team, reviews potential pensions tax options for Chancellor Rachel Reeves ahead of the new Government's inaugural Budget.

Two new HMRC regulations address legislative anomalies from the Lifetime Allowance removal, clarifying lump sums, death benefits, and pension protections, effective retroactively from April 6, 2024.

HMT has published its response to its earlier call for evidence on the exemption for UK over-the-counter pension fund investments in derivatives from clearing obligations under the European Market.

The Pensions Ombudsman released a revised factsheet with suggested wording for pension schemes to guide members to its complaint service, applicable in responses to complaints and on scheme websites.

The Regulator's General Code came into effect on March 28, 2024, which was one day later than previously announced. It replaces ten previous codes, which have been revoked from the same date.

In a letter sent to the Governor of the Bank of England, and mentioned in a press statement, the Regulator has confirmed that pension schemes are now more resistant to LDI shocks.

The Pensions Regulator's latest blog sets out three tips for trustees seeking ways to improve their scheme's EDI standards:

At PMI's Annual Conference (July 2024), experts discussed AI's integration in the pension sector, highlighting potential use cases and examining the regulatory, governance, and trustee considerations necessary for effective AI implementation.

Welcome to our series of briefings that take an in-depth look at each of the sections of the Pensions Regulator's General Code of Practice.

The Authorised Surplus Payments Charge (Variation of Rate) Order 2024 was laid before Parliament on March 11, 2024, and will amend the authorised...