Pensions regulatory change
Excellent service and legal advice from team specialising in pensions regulatory change and pension law delivering an amazing client experience for companies in the UK.
Pension schemes continue to be very highly regulated, and the pace of change since the 1995 Pensions Act does not seem to have abated.
Recent years have seen significant regulatory changes relating to occupational pension schemes, with the introduction of tax simplification and the Pensions Act 2004, which saw particular changes in the scheme funding regime, as well as the introduction of the Pensions Regulator, and the Pension Protection Fund.
This level of regulation is likely to continue, particularly with EU involvement through relevant directives as well as the implementation of the auto-enrolment requirements.
We often find that even a small change can have a significant impact on many pension schemes, and we can provide practical advice on the implications of the change and ways in which it might be mitigated.
Such changes can affect the cost of pension provision, and we can advise on options and opportunities that regulatory change may bring, as well as the compliance burden it might also introduce.
We will also assist you in implementing those changes including the preparation of documents required to do so.
- Preparation of amendments in response to tax simplification, including on both an interim and final basis
- Advice on implications of changing pensions increase and revaluation calculations from RPI to CPI
- Advice on statutory changes around the procedure permitting refunds of surplus funds to employers