Policy News Journal - 2011-2012

NEST LAUNCHES AUTOMATIC ENROLMENT GUIDE FOR EMPLOYERS ................. 164 SECOND RIVAL TO NEST LAUNCHES WITH SUPER TRUST..................................... 165 NEST INVITES BIDDERS FOR A STERLING BOND FUND MANDATE ........................ 165 NEST SIGNS FRC STEWARDSHIP CODE AND PROCURES EIRIS TO DELIVER RESPONSIBLE OWNERSHIP APPROACH................................................................... 165 GOVERNMENT URGED TO RECONSIDER NEST RESTRICTIONS ............................ 166 BLUESKY ALL EMPLOYER SCHEME LAUNCHED TO RIVAL NEST ........................... 166 NEST RESEARCH SHOWS PENSION JARGON STILL A BARRIER TO SAVING........ 167 DWP CONSIDERS SCRAPPING NEST RESTRICTIONS.............................................. 167 NEST NEWSLETTER..................................................................................................... 168 FURTHER RECOMMENDATIONS TO REMOVE NEST RESTRICTIONS ..................... 168 NEST FINALISES OPT-OUT PROCESS........................................................................ 169 Pensions Bill ..........................................................................................................170 THE PENSIONS BILL FINALLY HAS DATE FOR SECOND READING ......................... 170 PENSIONS BILL PASSES THIRD READING................................................................. 170 PENSIONS BILL AMENDMENTS AGREED................................................................... 171 PENSIONS BILL IS NOW AN ACT OF LAW .................................................................. 171 Pensions General...................................................................................................172 QROPS LOOPHOLE CLOSED BY TREASURY............................................................. 172 EARLY ACCESS TO PENSION SAVINGS AND TRIVIAL COMMUTATION .................. 172 REGULATORY DIFFERENCES IN PENSION SCHEMES TO BE ADDRESSED........... 172 RETROSPECTIVE LEGISLATION FOR MONEY PURCHASE SCHEMES .................... 173 CONSULTATION: THE OCCUPATIONAL PENSION SCHEMES (CONTRACTING-OUT AND MODIFICATION OF SCHEMES) (AMENDMENT) REGULATIONS 2012 .............. 173 PENSION CONTRIBUTIONS AND MATERNITY LEAVE ............................................... 173 SHORT SERVICE PENSION FUNDS TO DISAPPEAR ................................................. 174 TRANSFERRING RULES FOR SMALL PENSION POTS TO BE REVIEWED............... 174 OTS PENSION TAXATION REVIEW.............................................................................. 174 Minutes from first meeting........................................................................................... 175 CLAMPDOWN ON COMPANIES OFFERING CASH INCENTIVES TO LEAVE DB SCHEMES...................................................................................................................... 175 HMRC PENSIONS INDUSTRY STAKEHOLDER FORUM MINUTES ............................ 175 CONSULTATION WILL BE PUBLISHED TO RESOLVE ISSUE OF PENSION TRANSERS, SMALL POTS AND SHORT SERVICE REFUNDS.................................... 176 CONSULTATION ON IMPROVING TRANSFERS AND DEALING WITH SMALL PENSION POTS............................................................................................................. 176 GOVERNMENT CONSULTATION ON EQUALISING PENSION BENEFITS ................. 177 PENSIONS FOR WORKERS WHO CONTRACTED OUT OF SUPPLEMENTARY STATE SCHEME MUST BE EQUALISED...................................................................... 178 PENSIONS MINISTER PROPOSES PLANS FOR DEFINED ASPIRATION PENSIONS178 WARNING AGAINST EARLY RELEASE PENSION OFFERS........................................ 179 NAPF POLL FINDS EMPLOYEES HAVE LOW CONFIDENCE IN PENSIONS INDUSTRY ..................................................................................................................... 179 TRANSFERS TO OVERSEAS PENSION SCHEMES (QROPS) .................................... 180 QROPS COUNTDOWN TO Q DAY................................................................................ 180 Public Sector Pensions .........................................................................................181 TREASURY STATEMENT ON PUBLIC SECTOR PENSIONS....................................... 181 LGPS GIVEN SIX WEEK DEADLINE FOR REFORMS .................................................. 181 CONSULTATION ON REFORMS TO THE TEACHERS’ PENSION SCHEME............... 182 LOWER LGPS ACCRUAL RATE COULD MAKE SHORT-TERM TREASURY SAVINGS182 FIREFIGHTER PENSION REFORM CONSULTATION PUBLISHED............................. 182 COUNCIL EMPLOYERS ARGUE FOR PENSIONS ALTERNATIVE .............................. 183 REFORM OF THE TEACHERS’ PENSION SCHEME .................................................... 183 GOVERNMENT SETS OUT ITS OFFER ON PUBLIC SECTOR PENSIONS ................. 183 DISCUSSIONS CONCLUDED ON PUBLIC SERVICE PENSIONS DETAILS ................ 184 State Pension .........................................................................................................185 STATE PENSION AGE EQUALISATION TO GO AHEAD AS PLANNED....................... 185 DWP CONSULTATION REVEALS BROAD SUPPORT FOR SINGLE TIER STATE PENSION ....................................................................................................................... 185

CIPP Policy News Journal

09/10/2012, Page 10 of 234

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