Aries monitors every development in new and proposed legislation and official guidance. Clients are kept up to date via the website, email alerts and tweets. Aries serves as a one-stop source of intelligence on everything that is going on and coming up. Aries doesn't miss anything of significance.
Here is a selection from our most recent headlines. You can get the fuller details by sending us an email - just click here to fire one off.
The Pension Schemes Bill
2019/20 was reintroduced to Parliament on 7 January 2020 and received its First Reading
in the House of Lords, a formality signalling the start of the Bill's progress.
On the face of it, the Bill is identical to that introduced in October 2019; however, the latest version has gained two extra pages. The substance remains the same, namely:
- Providing a framework for the establishment, operation and
(SI 2016/1141), 2017 (SI 2017/1151), and 2018 (SI 2018/1217); all in late November. The 2019 Order here is arriving a little late, for obvious reasons.
As protected payments may be shared in a divorce settlement, the State Pension Debits and Credits (Revaluation) Order 2020 (SI 2020/7) re-values new state scheme pension debits and credits to reflect price increases since the . . .
10 Jan 2020
The Pensions Regulator (TPR) has published new research
on defined benefit (DB) pension scheme leverage and liquidity. The report
- based on data from 137 of the largest 400 schemes between 3 October and 1 November 2019 - aims is to better understand the potential risks and to help inform the Bank of England's Financial Stability
TPR is encouraged that many schemes are well-diversified and actively monitoring portfolio risk. However, in the pursuit of
guarantee, as Advocate General Hogan's Opinion
had argued. Indeed, the Court noted that in transposing Article 8 "Member States have considerable latitude in determining both the means and level of protection".
The Court ruled that Article 8 must be interpreted as meaning that a reduction in the amount of occupational old-age pension benefits paid to a former . . .
20 Dec 2019