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Clifford Chance

Clifford Chance


UK: Pensions Update: July 2015

24 July 2015

Welcome to the July 2015 edition of the UK: Pensions Update.

In this edition we focus on the key announcements coming out of the Summer Budget, in particular, the Government's consultation on pensions tax-relief reforms and the introduction of the Annual Allowance taper from next April.

In this edition we also cover:

  • an update on the abolition of contracting-out and the final form Occupational Pension Schemes (Schemes that were Contracted-out) Regulations, which were published last week;
  • the outcome of Bradbury v British Broadcasting Corporation and what it means for non-pensionability agreements;
  • the extension of the pension schemes exemption from central clearing requirements under EMIR; and
  • DC governance and charges.


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