HMRC have announced a change to VAT policy to allow employers of defined benefit pension scheme to recover up to 100% of VAT on pension scheme investment costs. Employers and pension scheme trustees may need to consider...more
We run a comprehensive programme of pension training for clients and their advisers, including training for new pension trustees, training for experienced trustees and regular morning seminars reviewing legal developments in...more
A bite-sized summary of recent UK pension news Welcome to our latest update, in which we cover: Pensions Regulator (TPR): new innovation hub In a keynote speech, TPR explains that its priorities are for innovation, data...more
Pension schemes which allow members to designate defined contribution (DC) funds for drawdown may need to amend their scheme rules, following an update to HMRC’s Pensions Tax Manual. On 26 March 2025, HMRC updated the...more
Welcome to our latest update, in which we cover: Pensions Regulator (TPR): oversight of professional trustees TPR has announced a framework for the oversight of professional trustees. Pensions Regulator (TPR): supporting...more
A bite-sized summary of recent UK pension news Welcome to our latest update, in which we cover: Pensions dashboards blog: connecting via a third party Explaining the key steps when connecting to the dashboards ecosystem...more
This update covers: On 20 March last week, the Finance Bill received Royal Assent and became the Finance Act 2025. The provisions relevant to pensions make changes to: Further details are given below....more
The pension tax changes announced in the Budget today represent a revolution in pension taxation. This alert gives a short summary of the announcements affecting pensions. No doubt further complexities will arise as the...more
2019/20 is the second year of the Pension Protection Fund (PPF)'s third levy "triennium" under the new levy framework.
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2018/19 is the first year of the Pension Protection Fund (PPF)'s third levy "triennium" under the new levy framework.
Trustees who wish to reduce their pension scheme's risk-based levy by taking account of contingent...more
2017/18 is the third year in the Pension Protection Fund (PPF)'s levy "triennium" under the new levy framework.
Trustees who wish to reduce their pension scheme's risk-based levy by taking account of contingent assets or...more