Tom deals directly with Independent Trustee firms to guide them through the Assessment Period ahead of transferring to the Pension Protection Fund (PPF). Tom also manages Barnett Waddingham’s relationship with HMRC to ensure the smooth running of GMP reconciliation projects.
It’s been a busy period for HMRC and there have been a number of recent developments in the Scheme Reconciliation Service (SRS) world, let’s take a look at some of the recent changes…
With the December 2018 deadline for reconciling GMPs looming, HMRC are seeing a massive increase in the number of SRS queries, so it's understandable that there may be a squeeze on their resources. But what impact will this have on the pensions industry?
HMRC announced on 5 August 2016 that they would not accept any new requests for new data to be provided through the Scheme Reconciliation Service (SRS), but what does this mean for the schemes that we administer?