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ARTICLE · 26 NOVEMBER 2019

The Pensions Brief: October 2019

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The Pensions Brief

United KingdomEmployment and HR
Ian Wright
Ian Wright
Jay Doraisamy
Jay Doraisamy
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At a glance... The Pensions Brief

October 2019

Issues affecting all schemes

PENSION SCHEMES BILL

Bill providing for new Pensions Regulator powers, changes to the DB funding regime, and changes to statutory transfer rights

GENERAL PENSIONS LEVY

Consultation on options to raise the levy rates

TRANSFERS-OUT

Pensions Ombudsman determination ordering reinstatement of a member's benefits following a transfer to an alleged scam vehicle

Issues affecting DB schemes

GMP EQUALISATION

HMRC announcement about forthcoming guidance on tax issues relating to GMP equalisation

DB FUNDING

Pensions Regulator announcement about two forthcoming consultations on DB funding

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This Mayer Brown article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein.

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