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Hymans Robertson: Current Issues July 2020 – [Viral News (June 2020) - Insolvency-law Changes Affect DB Schemes - FCA Action on DB Transfers - PPF Compensation Cap Unlawful - HMRC Newsletters June 2020]
HM Treasury: Directions 25 June 2020 – The Coronavirus Act 2020 Functions of Her Majesty's Revenue and Customs (Coronavirus Job Retention Scheme) Direction Please note that this document is still in the process of being proofread
Allen & Overy LLP: What's New This Week 13 July 2020 – [Summer Statement: Pensions - New PPF Powers on Moratoriums, Restructuring Plan PPF Levy: COVID-19 Extension; Paperless Option - Dashboards: Call for Input]
Norton Rose Fulbright: Commentary July 2020 – Pensions Briefing: Pension Schemes and the Corporate Insolvency and Governance Act 2020
Local Government Pensions Committee: LGPC Bulletin 199 – LGPC Bulletin 199 - June 2020 [lgpcbull199]
HM Revenue & Customs: HMRC Guides (COVID-19) – Check Which Employees You Can Put on Furlough To Use the Coronavirus Job Retention Scheme Further updated.
2020 Ch: Adams v Options SIPP UK [Self-invested personal pensions (SIPP) - Investments - Advice - Unregulated advice - Whether execution-only SIPP administrator obliged to give advice]
2020 UT: HMRC v Sippchoice [Investments - Taxation - Small self-invested personal pension (SIPP) - Whether contributions could be made in-specie - Whether HMRC guidance is enforceable by taxpayer]
Pension Protection Fund: Guidance - Factors (Commutation, Compensation Cap, Early Retirement, Late Retirement and Step-down) – Compensation Cap Factors The PPF factors have been updated for retirements effective from 1 October 2020. These documents can be found under "Guidance - Factors (Commutation, Compensation Cap, Early Retirement, Late Retirement and Step-down)" in the Table of Documents.
Pensions Act 2004 as amended by the Pension Schemes Bill 2019/21 [HL Bill 120] This update includes versions of Acts as amended by the Pension Schemes Bill 2019/20 [HL Bill 120]. These documents can be found under "Bills - Chronological Index (2019-21)" in the Table of Documents. Please read the introductory Editorial Notes for an explanation of these documents and how best to use them.
CMS: po-info Summaries of Key Determinations PO-17639 – Onus on Trustees to Act Where They Knew Member Was Terminally Ill Further Summaries of Key Determinations provided by CMS. These documents can be found under "The Pensions Ombudsman (Determinations & Materials) - The Pensions Ombudsman (Miscellaneous Publications) - CMS po-info Summaries of Key Determinations" in the Table of Documents
Allen & Overy LLP: What's New This Week 6 July 2020 – [Covid-19: Updated DC Investment Advice - Pension Schemes Bill - DB Funding Analysis - TPR, PPF Guidance on Moratoriums, Restructuring Plan - Covid-19: New CJRS Direction Published - TPR Publishes Corporate Plan]
Finance Bill 2019/21 [Bill 123] (2 July 2020) HL Bill 123 2019-21 (as amended on Report)
Bills -- Passage through Parliament: Finance Bill (2019-21) 2 July 2020 – Finance Bill: Report Stage (Commons) (2 July 2020)
2020 Fam: W v H [Divorce - Family proceedings - Financial settlement - Division of pensions on divorce - Pensions sharing - Whether needs-based calculations appropriate]
Pension Schemes Bill 2019/21 [HL Bill 120] (30 June 2020) Bill as amended on Report [HL Bill 120]. Please note that the Bill is still in the process of being edited.
Allen & Overy LLP: eAlerts 26 June 2020 – New Options for Distressed Sponsors: What Are the Implications for Pension Schemes?
Eversheds Sutherland: Speedbrief 29 June 2020 – Coronavirus - Make (Insolvency) Law in Haste, Repent at Leisure? - UK
Bills -- Passage through Parliament: Pension Schemes Bill (2019-21) 30 June 2020 – Pension Schemes Bill: Report Stage (Lords) (30 June 2020)
HM Revenue & Customs: HMRC Guides (COVID-19) – Check if you Can Claim for Your Employees' Wages Through the Coronavirus Job Retention Scheme All six HMRC Guides on COVID-19 that are on Perspective are further updated from 1 July 2020. These Guides can be found under "Other Regulatory Materials - HMRC Guides (COVID-19)" in the Table of Documents.
- Acts and Bills
- Statutory Instruments
- Public Sector Scheme Documents
- Regulatory Materials
- European Union Materials
- Law Reports
- The Pensions Ombudsman
- Spotlight on Pensions
- Parliamentary Materials
- Reports, Consultations, etc
- Scheme Rules (NEST, Civil Service, etc)
- Your Own Documentation
14 Jul 2020
- DeVere warns falling government bond yields are making workplace pensions "increasingly unsustainable"
- Just Group says FCA should make free impartial pensions advice "the new norm"
- PPF 7800 Index updated
- Working group publishes guidance on data needed for GMP equalisation
- OBR's Fiscal Sustainability Report analyses state pension triple lock