P&E Update: Pensions Bulletin

Topics covered in this bulletin:

The Watch List

New Law

• General levy reduction for very large schemes
• Consultation response on revising financial advice definition
• NEST – Government response

Tax

• Spring Budget, 2017
• Flexible benefits: non-registered life cover

Cases

• No employer duty to tell member ill health pension higher

Points in Practice

• Regulator responds to Committee DB report
• BHS settlement with Pensions Regulator
• Work and Pensions Committee scrutiny focuses on certain schemes
• Spot checks on employers - AE compliance
• Infrastructure investments by pensions funds