Another year, another mixed bag for the pensions industry. Looking back, with its final quarter now closed, 2017 was a year that threatened change (the Work and Pension Committee’s review and subsequent Green Paper on DB schemes, and the much-anticipated ban on cold-calling) but that ultimately saw pensions taking a back-seat to the political beast that has become the Brexit negotiations. That’s not to say that pensions weren’t firmly in the headlines, with the collapse of schemes adorning household names, and some significant decisions coming from the courts (not least the Walker v Innospec decision on same-sex spousal benefits). However, the final quarter of 2017 brought some significant announcements and stories that promise to keep trustees and sponsoring employers busy during the next 12 months. So, we have collated all of the most important topics from the 3 months to 31 December 2017 into a bite size report, to let you sign off on 2017 and get ready for 2018. Enjoy your Quarterly Update! The seasonal topics of this quarter include:
- Anti-Money Laundering Regulations
- Latest news from the PPF
- VAT on DB scheme management costs
- MIFID II and the regulation of investment firms
- Bank of England interest rates
- Transfer value redress
- 21st Century Trusteeship
As always we love to get feedback from you. If you like what we do please tell us – it’s nice to get great feedback. If you would like things included, excluded or done differently please drop us a line too. The report is to help you, so help us tailor it to your needs. And … if you find that you do have time to keep up with things, why not follow us on Twitter @SpencePartners and keep up to date as you go along.