News on Pensions - January 2016

In this month's News on Pensions we look at:

Creating a secondary annuity market

We review the response issued by Her Majesty’s Treasury and the Department for Work and Pensions (DWP) following their earlier call for evidence on creating a secondary market for annuities.

2016/17 PPF levy

The Pension Protection Fund (PPF) has issued a response to its September 2015 consultation and, alongside it, the final 2016/17 PPF levy determination. We review the key changes following the draft release in September.

Finance Bill 2016

We look at the draft of the Finance Bill 2016 published by the government. The Bill, when enacted, will bring into force reforms announced in the 2015 Budget and Autumn Statement.

Our News in Brief update also features:

  • The latest update of the PPF’s 7800 Index of schemes’ funding;
  • Budget 2016: A date for your diaries;
  • Data protection: US Safe Harbor ruling; and
  • Auto-enrolment: Earnings limits.

You can also find details of our upcoming Trustee Training Courses for DB and DC schemes.