The aim of the newly presented guidance is to improve the arrangement and the clarity of the relevant guidance. As a result all the material for administrators is collected in one place, and likewise all the guidance for trustees . As with other GOV.UK guidance changes, HMRC would welcome suggestions for further improvement, and the CIPP Policy Team would be pleased if any comments were copied also to them at policy .
Guidance Guarantee consultation about to close
22 September 2014
Time is running out for responding to the Guidance Guarantee consultation that the Financial Conduct Authority (FCA) is currently undertaking. The Guidance Guarantee will have a major impact on UK retirement savers. So if you are involved with running a pension scheme or liaising with pension savers, you should be aware of this important consultation. In this year's Budget, the government proposed that all consumers with DC pensions should be entitled to free and impartial guidance at retirement. The FCA will set the standards for this guidance and collect a levy to fund it. The consultation has 19 specific questions - mainly yes/no - about the standards expected of those delivering the guidance, and how the FCA will collect the levy. However you need to have your say by 22 September.
Transition of pensions guidance to GOV.UK
25 September 2014
We recently published brief confirmation of the imminent transition of pensions content from the HMRC website to GOV.UK. We can now share more detailed information about the transition. Following our announcement of the transfer, HMRC have issued more detailed information about the move. There is also some useful background in an article in Pension Schemes Newsletter 65 . HMRC have also explained that the Registered Pensions Schemes Manual (RPSM) will remain in its current location on the HMRC website and any links to it will continue to link to it directly. However if someone searches for RPSM on GOV.UK, rather than hitting the front page of RPSM directly, they will be taken to a page on GOV.UK that links out to the RPSM. RPSM sits on the 'manuals' part of the HMRC website and this area is not being transitioned at this stage. HMRC continue to work with Government Digital Services on the timeline for transition and will communicate more about this at a later date.
Occupational Pensions: official survey results
26 September 2014
Results from an Occupational Pension Schemes Survey (OPSS) published by the Office of National Statistics provide a detailed view of the nature of occupational pension provision in the UK. This release provides summary data on membership of schemes and contributions paid.
CIPP Policy News Journal
08/04/2015, Page 390 of 521
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