CIPP Payroll: need to know 2019-20

IA Clarington Investments Inc Retirement Savings Plan (QROPS)

Jersey Fiduchi International Retirement Trust Scheme

Netherlands TIBCO Software Services Netherlands BV by Brand New Day

Schemes deleted

Guernsey La Mirousse Retirement Annuity Trust Scheme Mazarron Retirement Annuity Trust

New Zealand NZ Endeavour Fund

An updated list of ROPS notifications is published on the first and 15th day of each month. If this date falls on a weekend or UK public holiday the list will be published on the next working day. Sometimes the list is updated at short notice to temporarily remove schemes while reviews are carried out, for example, where fraudulent activity is suspected.

The requirements to be a ROPS changed from 6 April 2017 - find out about the changes for ROPS requirements

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Pensions Ombudsman plan to launch online complaints portal 11 October 2019

In the Corporate Plan for 2019-2022, the Pensions Ombudsman have advised of their intention to provide a complaints portal in order to streamline the current complaints process and to reduce the timescales associated with the creation, escalation and resolution of pension-related grievances. The document outlines how new technology will enable people to easily upload documents that are relevant to their case and that there will be a new tracking feature so that individuals will be able to monitor their complaint in a simple and efficient manner which will also manage their expectations in terms of when they can expect to receive a response.

The ombudsman recognises that the new developments will require significant IT input and have stated that they will continue investing in a high calibre of staff to assist with the smooth implementation of new online services.

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NEST Insight report into assisting the self-employed with pension savings 14 October 2019

The collaborative research arm of NEST – NEST Insight have published a report that incorporates the results of some recent investigative research that shone the spotlight on how the self-employed can be supported in terms of saving for their retirement and pensions. Individuals who are classed as employees are entitled to save for their pensions through PAYE and receive percentage-based contributions from their employer in line with auto-enrolment legislation. These rules don’t extend to cover self-employed people and so NEST have joined forces with the Department of Work and Pensions (DWP) to see if there are any avenues that self-employed people can follow to bolster their savings for retirement.

The Chartered Institute of Payroll Professionals

Payroll: need to know

cipp.org.uk

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