Tolley's Pensions Law Service

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Commentary

SOURCE CURRENCY
Issue 123, June 2020

UPDATE INFORMATION

A1 The State Pension
The chapter has been brought up to date for the 2020/21 tax year.

B2 Scheme Documentation
The chapter has been updated for the Law Commission’s paper Electronic Execution of Documents (Law Com no 386) and coronavirus update, as well as the cases of: FSHC Group Holdings Ltd v Glas Trust Corporation Ltd, CA; Colart International Holdings Ltd v Colart Pension Trustees Ltd; Re Chas A Blatchford & Sons Ltd Group Pension Scheme Blatchford Ltd (formerly Chas A Blatchford & Sons Ltd) v Blatchford; and Bradbury v BBC, CA.

E2 The Powers and Duties of Pension Scheme Trustees
The chapter includes discussion of the Pensions Regulator’s recent guidance on a professional standards and accreditation framework, including the document `The Future of Trusteeship and Governance’; its investment guidance to trustees of defined benefit schemes, and 2020 consultation on the proposed new scheme funding code; the DWP’s guidance ‘Reporting of costs, charges and other information: guidance for trustees and managers of relevant occupational pension schemes’; the Occupational Pension Schemes (Master Trust) Regulations 2018 and the Occupational Pension Schemes (Investment and Disclosure) Regulations 2019; and recent COVID-19 developments.

G4 Accounts and Audit
The chapter has been updated for: recent updates to account standards; the joint PRAG, ICAEW and ICAS guidance document on the impact of the COVID-19 pandemic; and the Pension Protection Fund (Pensionable Service) and Occupational Pension Schemes (Investment and Disclosure) (Amendment and Modification) Regulations 2018 and Occupational Pension Schemes (Investment and Disclosure) (Amendment) Regulations 2019.

Contributors

 Alastair Meeks Contributor
 Alice Harrison Contributor
 Andrew Hewlett Contributor
 Christopher Stiles Contributor
 Clifford Sims Contributor
 David Pollard Contributor
 Deborah Cooper Contributor
 Douglas Sleziak Contributor
 Edward Jewitt Contributor
 Elizabeth Haggis Contributor
 Elizabeth Graham Contributor
 Emma King Contributor
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 Glyn Bradley Contributor
 Glynis D Morris Contributor
 Ian Chapman-Curry Contributor
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 Leigh Holmes Contributor
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 Michael Wolfe Contributor
 Monica Ma Contributor
 Oliver Hilton Contributor
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 Simon Taylor Contributor
 Stephen Walsh Contributor
 Terry Saeedi Contributor
 Tracy Walsh Contributor
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