legislation will enable the Government to take targeted and effective action accordingly;
an amendment to section 124 of the Pension Schemes Act 1993 so that the
protection offered within it to employees in respect of, or on behalf of, whom pension contributions remain unpaid at the time of their employer’s insolvency is extended to workers and agency workers.
Consultancy Charges - Included in Steve Webb's Written Ministerial Statement this morning [10 May 2013] is the Government's intention to ban consultancy charges in automatic enrolment schemes. This follows a review undertaken by the department over the last six months. The Minister also announced the Government's intention to publish a consultation this autumn. The consultation will set out proposals including a cap on default fund charges in Defined Contribution schemes.
HMRC PUBLISHES PENSIONS NEWSLETTER NUMBER 57
14 May 2013
HMRC has published the May 2013 edition of the HMRC Pension Schemes Services Newsletter. Covering topics including: Changes to the Annual Allowance and Lifetime Allowance Pension Liberation Trivial Commutation and similar payments Improvements to Pensions Guidance; and Pension Scheme Registration It is available to view on HMRC’s website
HMRC - DRAFT STATUTORY INSTRUMENT PUBLISHED AND COMMENTS ARE INVITED
17 May 2013
HMRC has published, for comment, a draft Statutory Instrument and draft Explanatory Memorandum that makes a number of amendments to the Registered Pension Schemes (Provision of Information) Regulations 2006 ('the Regulations') (SI2006/567). The changes set out in the draft Statutory Instrument will make changes to the information that pension scheme administrators and individuals are required to report, in particular in connection with transfers to qualifying overseas recognised pension schemes and fixed protection 2014.
Draft Explanatory Memorandum and Tax Information and Impact Note have also been published.
Questions or comments on this draft Statutory Instrument, these should be sent by email to Pension Policy by 14 June 2013.
DRAFT QROPS REGULATIONS 2013
28 May 2013
HMRC has published for external comment a draft Statutory Instrument and draft Explanatory Memorandum. Comments are required to be submitted by 21 June 2013.
CIPP Policy News Journal
16/04/2014, Page 426 of 519
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