Pensions Law
Board for Actuarial Standards consultation on TM1: statutory illustrations of money purchase benefits
The aim of this document is to set out the areas that the Board considers should be
the focus of its review of TM1 and to seek stakeholders’ views on possible changes to TM1.
The Law Society of Scotland's response (June 2010)
Department for Work and Pensions consultation on pension compensation sharing on divorce etc.
This consultation seeks views on two sets of draft Regulations. The Pensions Act 2008 and the draft Regulations will enable pension compensation provided by the Pension Protection Fund (PPF) to be shared when a person seeks a divorce, a dissolution of their civil partnership or an annulment of their marriage or civil partnership. This will mean that the former spouse or civil partner of person who is a member of the PPF will be able to receive a share of that person's pension compensation.
The Law Society of Scotland's response (June 2010)
Board for Actuarial Standards consultation on Exposure Draft: Pensions
This consultation seeks stakeholders' views on the proposed Pensions TAS (Technical Actuarial Standard), in particular on issues such as: the application of the Pensions TAS to schemes not subject to Scheme Funding; the proposed definition of governing body; the proposed commencement date; and the transition to the Pensions TAS from the adopted Guidance Notes.
The Law Society of Scotland's response (May 2010)
Pensions Regulator consultation on revised guidance on winding up: avoiding delays
This consultation seeks views on draft guidance which provides suggestions of good practice to help trustees and others meet the two-year time frame in relation to winding up occupational pension schemes. It concentrates on common, complex areas that can delay the wind-up, rather than looking at each activity involved in the process.
The Law Society of Scotland's response (May 2010)
Pensions Regulator consultation on proposals for regulation of record-keeping: measuring member data
This consultation document describes progress made by pension scheme providers, trustees and administrators in taking up the ‘good practice’ guidance issued by the Pensions Regulator (‘the regulator’); and seeks views on proposals for the regulation of standards for member data.
The Law Society of Scotland's response (April 2010)
Department for Work and Pensions consultation on Disclosure of information requirements in pension schemes
The consultation concerns a draft statutory instrument containing proposed amendments to regulations covering disclosure of information requirements in occupational, personal and stakeholder pension schemes. The consultation paper also sets out the Government's response to the consultation exercise on "Review of consultation requirements applying to occupational, personal and stakeholder pension schemes" which was carried out in 2009.
The Law Society of Scotland's response (March 2010)
HM Treasury consultation on implementing the restriction of pensions tax relief
This consultation
The subject of this consultation is the restriction of pensions tax relief for individuals on incomes of £150,000 and over, as announced in the 2009 Budget. The consultation seeks views on implementing the restriction, in particular to ensure that the treatment of DB (defined benefit) schemes is fair in relation to DC (defined contribution) and personal pension schemes; and so that the changes can be delivered in a way that is fair, robust and minimises administrative burdens for business and industry.
The Law Society of Scotland's response (March 2010)
