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Recovery of VAT on DB Pension Scheme Investment Costs – New HMRC Policy

HMRC has announced a new policy on the recovery by employers of VAT charged on investment services provided to their DB pension schemes. Until 18 June 2025, the extent to which an employer could recover any VAT paid on...more

"Game-Changing" Pensions Reform – The Pension Schemes Bill is Published

The long-awaited Pension Schemes Bill has been laid before Parliament. Described by the government as a "game changer", it aims to increase members' pension pots and deliver a £50 billion investment into the UK economy. The...more

The Pensions Brief: June 2025

ISSUES AFFECTING ALL SCHEMES - MARKET VOLATILITY – PENSIONS REGULATOR REPORT - The Pensions Regulator (TPR) has published a market oversight report on market volatility and what trustees should do, which sets out how...more

Pension Megafunds and Mandated Asset Allocation – The Government Confirms its Plans

The government has published the Final Report of its Pensions Investment Review, together with a response to its consultation on unlocking the UK pensions market for growth. These confirm that the government will proceed with...more

1 October 2024 – Important Deadline for DC Pension Schemes

Regulations came into force in 2023 that require trustees of occupational pension schemes that provide DC benefits other than additional voluntary contributions (“relevant schemes”) to include their policy on investment in...more

The Pensions Brief: June 2024

Issues affecting all schemes - General Election – impact on pensions - The General Election resulted in a landslide victory for the Labour Party. While no pensions-related announcements have been made since the election by...more

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