Clifford Chance
UK: Pensions Update
3 May 2017
Welcome to the May 2017 edition of the UK: Pensions Update.
In this edition we focus on plans recently announced by the Prime Minister to protect pensions by giving the Pensions Regulator more power, the pensions Green Paper published earlier this year and new legislation in the form of the Pension Schemes Act 2017 and the Finance Act 2017. In this edition we also cover:
- The PPF's consultation on new levy rules;
- The PPF long service compensation cap;
- New investment guidance for defined benefit schemes:
- Recent Regulator action over failure to comply with information requests;
- A number of recent DWP consultations;
- Recent developments in case law;
- An update on VAT; and
- The recent extension of the pensions clearing exemption for OTC derivatives.
