At a glance...
Issues affecting all schemes
- LIFETIME
ALLOWANCE
New level set for 2019/20 - AUTOMATIC
ENROLMENT
Earnings figures set for 2019/20 - SINGLE FINANCIAL GUIDANCE
BODY
Launch of the new body
RECORD-KEEPING
Pensions Regulator guide to measuring scheme data
DEATH BENEFITS
Pensions Ombudsman determination on distribution of lump sum death benefits
Issues affecting DC schemes
- BREXIT
Pensions Regulator statement on the implications for pension schemes - GUARANTEED MINIMUM
PENSIONS
Annual GMP increase set for 2019/20 - BRIDGING
PENSIONS
Consultation on changes to allow bridging pensions to be paid beyond age 65
Issues affecting DC schemes
VAT
Order putting the VAT exemption for DC fund management services on a statutory basis
- Action required
- Follow development and keep under review
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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.