14 Sep 2014

Pensions snapshot - August 2014


This edition of snapshot summarises some of the key legal and regulatory developments that occurred during July 2014 in relation to occupational pension schemes. The items covered in this edition are as follows:

  • More from the Government on "freedom and choice";
  • New definition of money purchase benefits
  • FCA thematic review report on enhanced transfer value (ETV) pension transfers
  • Law Commission publishes report on fiduciary duties and the investment process
  • Changes to GAD's process for certificates of broad comparability
  • Fair Deal transferee entitled to retain favourable active member rights in the PCSPS
  • McClean (PO-2382): more on estoppel from the Deputy Ombudsman
  • Siegfried (PO-1427): incorrect exercise of trustee discretion

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