Skip to main content

Clifford Chance

Clifford Chance


UK: Pensions Update – June 2020

30 June 2020

Welcome to the June 2020 edition of the UK: Pensions Update.

In this edition we touch on various developments in the pensions arena over the past few months including the recent High Court case of Hughes v PPF which found that the pension compensation cap applied by the PPF amounts to unlawful discrimination on grounds of age and must be disapplied, what's been happening with RPI/CPI case law and also the Pension Regulator's guidance on the interim regime for pension superfunds.

In this edition we also cover:

  • Pension Schemes Bill 2019-21 – Progress Update
  • TPRs Defined Benefit Funding Code Update
  • TPRs Annual Funding Statement 2020
  • Expansion of TPR's Investigatory Powers
  • Corporate Insolvency and Governance Act 2020 Receives Royal Assent
  • FCA Value for Money Review / Consultation
  • FCA Defined Benefit Transfer Guidance / Consultation
  • Consultation on Central Clearing Obligations for PSAs
  • AG Issues Opinion on VAT Exemptions
  • HMRC v Sippchoice Limited
  • TPRs COVID-19 Guidance Update
  • On the horizon

Download PDF