The Pension Protection Fund (PPF) has issued what might be the first of several coronavirus announcements. The first announcement provides information for trustees who are seeking to certify or re-certify contingent assets before the 31 March deadline. With immediate effect,
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COVID-19 Pensions Business Planning
Whether you are more in the Mary Poppins or Corporal Jones camp when it comes to dealing with unexpected emergencies like the Coronavirus outbreak, the choice between taking minimal precautions for continuing business operations as normal and panicking is not
The Early Bird Catches The Worm
In October 2019 pension trustees’ investment duties were expanded. Further changes will take place from 1 October 2020, which will affect defined benefit (DB), defined contribution (DC) and hybrid pension schemes. In order to be in a position to comply
Taxation of UK Termination Payments: Don’t be an April Fool
With most employer’s minds currently focused on the upcoming changes to the IR35 regime, it’s important they do not forget about forthcoming updates to the tax treatment of termination payments which are also due to take effect next month.
Employer’s
Ticket to Accreditation – Choices for Professional Pension Trustees
It turns out that accreditation systems are like buses – you wait patiently for what seems like ages, and then two come along at once.
Many in the pensions industry were surprised by the Pensions Management Institute’s (PMI) announcement on
The Tortoise and the Hare approach to pensions change
If you were expecting The Pensions Regulator’s (TPR) response to consultation on the Future of Trusteeship and Governance to create headline news, then you will have been disappointed.
The response feels like more of a “holding document”, designed to let the
Stewardship Code – A Long Engagement
Unlike the best romantic stories, this proposal was expected, grounded in practicalities and wholly lacking in passion. Part of it was borne from the principle that pension trustees and investment managers should develop a closer working relationship.
The Need for a
IR35 Reforms – A Taxing Time for Pension Trustees and Corporate Sponsors
The off-payroll tax rules (commonly known as IR35) are changing on 6 April 2020. Pension trustees who have members of their board paid for their services through a personal service company (PSC) may need to start making those payments net of
A pithy precis of parliamentary process (for passing pensions law)
“There is broad agreement on the principles, but there are huge dangers lurking in the detail… Those dangers have to be flushed out before the bill is sent to the other place.” (Baroness Sherlock)
Yesterday the pension schemes bill (the
Should Veganism Feature on the Pensions Menu?
The recent Employment Tribunal case of Mr Jordi Casamitjana, which caused quite a stir in the media, focused on the Tribunal’s decision that ethical veganism was eligible to qualify as a “protected characteristic” under the Equalities Act 2010. In that