News on Pensions April 2016

Welcome to this month's News on Pensions, in this issue we discuss:

Budget 2016

We discuss the latest updates following the Chancellor's Budget announcement in March, including the news surrounding the Lifetime ISA (LISA), as well as a review of the latest newsletter released by the HMRC outlining information relating to the minor changes that will be made to the tax rules surrounding pension flexibilities.

DB to DC transfers: FRC review

We take a look at the results of the Joint Forum on Actuarial Regulation’s (JFAR) review of transfers from defined benefit (DB) to defined contribution (DC), published by the Financial Reporting Council (FRC)

Auto-enrolment: Formerly contracted-out schemes

We review the guidance published by the Department for Work and Pensions (DWP) on the alternative tests of scheme quality to determine whether a DB or hybrid pension scheme may continue to be used for AE purposes.

Our news in brief update also features:

  • Auto-enrolment: earnings triggers;
  • State Pension: early retirement?; and
  • Corporate trustees: persons with significant control.

To find out more, you can download the full briefing note below.