The Month in Pensions - Gowling WLG

Jun 29, 2017

Key points

• Employers and trustees have a statutory duty to notify the Pensions Regulator if certain prescribed events occur in an occupational pension scheme.
• Some prescribed events do not have to be notified if certain conditions are met e.g. if the scheme is fully funded on the PPF basis.
• If an event occurs it must...

Jun 27, 2017

Key Points

• Trustees, managers, administrators, participating employers, professional advisers and those otherwise involved in advising trustees are under a duty to report breaches of the law.
• It is essential that companies put in place procedures to comply with the Pension Regulator's Code of Practice on...

Jun 22, 2017

Key Points

• TPR has statutory objectives which include protecting pension scheme members' benefits
• TPR has a broad range of investigative, remedial and anti-avoidance statutory powers
• TPR's stated approach is to educate, enable and enforce
• TPR regularly publishes reports on the considerations given by it to the exercise...

Jun 20, 2017

Key Points

• Anyone who employs workers in the UK will have to comply with new employer duties with effect from their 'staging date';
• An employer's 'staging date' is set out in legislation and falls between 1 October 2012 and 1 February 2018 depending on how many people work for the employer;
• Employer duties are...

Jun 19, 2017

The pensions industry has one year to prepare for new regulations coming its way. Europe's new data protection legal framework is set out in the General Data Protection Regulation (GDPR) which will come into force in all EU Member States on 25 May 2018, including the UK. While the changes are not radically different to...