In October, Carclo plc announced the rise in its accounting pension deficit meant that it was no longer able to pay its interim dividend. With this is mind, we discuss the impact of pension deficits on corporate balance sheets come the calendar year end.
This edition of Current Pensions Issues includes updates on a further deadline extension to HMRC's guidelines on VAT on pension costs, the Treasury's proposal to use DC funds to pay for retirement advice and a review of other current pensions tax issues.
In this briefing note, we highlight the main points from some of the key regulatory publications of the summer months, covering the period 01 July 2016 to 30 September 2016.
Our Pension Administration Technical Help highlights pensions news and legislation that pays particular interest to what we do in Pension Administration.
The Insurance Act 2015 is a major change to insurance law which came into force on 12 August 2015. It applies to insurance policies which start on or after that date or to any existing policies subject to a rate review or change which are effective on or after that date.