Clifford Chance
UK: Pensions Update - October 2019
3 October 2019
Welcome to the October 2019 edition of the UK: Pensions Update.
In this edition we cover two recent Pensions Ombudsman determinations of interest on pension liberation and the recovery of overpayments, as well as focussing on the practical implications of the new trustee stewardship requirements and investment consultancy and fiduciary manager tendering obligations and the steps being taken in the sphere of equality for survivor benefits.
In this edition we also cover:
- The High Court's ruling that the equalisation of and increase in state pension ages was not discriminatory
- The Government's announcement to consult on reforms to the RPI in January 2020
- GMP equalisation/ conversion update
- Consultation by the Pensions Regulator on the future of trusteeship and governance
- Consultations by the Government on the NHS Pensions Scheme and the Pensions Ombudsman's powers and jurisdiction
- Consultation by the FCA on pension transfer advice
- The PPF announcement on increases to compensation levels
- The 'subjective' test for rectification of contracts
- The Law Commission report on the electronic execution of documents
- What's on the horizon for pensions.
