The Chartered Institute of Payroll Professionals
News On Line
LCP
• • • • • • • • • • • • • •
Mattioli Woods plc
MFS Investment Management
NOW: Pensions Pinsent Masons
Pensions Policy Institute
PLSA
Quietroom
Royal London Group
Smart Pension
Sackers
Scottish Widows
WTW USS.
The groups have stated their objectives as:
1. Developing a way of consistently measuring pension inequalities, beginning with the Gender Pensions Gap before expanding to other pension inequalities.
2. Working with government and policymakers to achieve positive change.
3. Sharing best practice approaches to help employers address inequalities.
4. Finding practical tools to empower individuals, such as planning tools and guidance.
5. Highlighting potential industry product developments that will help drive greater equity for individual savers.
The PEG will work across 4 main areas:
data and research
• • • •
government and policy
communications and awareness
product changes
The CIPP will keep an eye on the developments to come out of the group, supporting the mission to ensure pension adequacy for the nation’s workers.
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Pension schemes newsletter – May 2023 Published: 31 May 2023 Emailed: 7 June 2023
HM Revenue and Customs (HMRC) releases a newsletter detailing changes and notices for pension scheme administrator to be aware of. Issue 150 for May 2023 has been published and is a short newsletter this time around, with only two notices to bring your attention to.
A reminder of the relief at source annual return deadline which are due by 5 July 2023 for the 2022/23 tax year. The publication signposts to various pages for additional help and guidance.
With regards to the managing pension schemes service, there is a reminder of what to do and where to find guidance on migrating pension schemes.
Additionally, HMRC has indicated that in spring 2024 the managing pension schemes service will be updated to accept pension scheme returns. The first returns will be for tax year ending 5 April 2024. HMRC warn that if your pension scheme is not currently on the service it will need to be migrated by April 2024 in order to allow time to submit the return on time.
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