Covid-19 (UK): Chancellor extends Coronavirus Job Retention Scheme until March 2021 with employers required to cover pension contributions

Yesterday, the Chancellor announced that the Coronavirus Job Retention Scheme (CJRS), or ‘furlough’, will be extended until the end of March 2021, for all parts of the UK. Under the extended CJRS, the Government will cover 80% of employees’ salaries for hours not worked (up to a maximum of £2,500 per month). Unlike when the … Read more

HSF Pensions Round Up – October 2020

Here is a round-up of the pensions blogs and briefings that we have posted during the past month. Some of these have been broadcast but several have not, to avoid sending you too many emails. Read more

FCA’s new rules on DB transfers risk unintended consequences

The FCA’s new rules which will ban contingent charging and introduce the option for firms to offer abridged advice on defined benefit (DB) transfers came into force today (1 October 2020). These measures are intended to improve the quality of DB transfer advice. However, they could have the opposite effect if they result in more … Read more

HSF Pensions Round Up – September 2020

Here is a round-up of the pensions blogs and briefings that we have posted during the past month. Some of these have been broadcast but several have not, to avoid sending you too many emails. Read more

Pensions Planner – September 2020

The latest edition of our quarterly Pensions Planner is here. Click on the image below to download your copy. The Planner and our handy timeline will help you keep up to date with the latest developments in pensions law and practice and identify the key pensions issues that your scheme or organisation needs to address in the … Read more

HMRC publishes latest GMP equalisation tax guidance on lump sums and top-up payments

HMRC recently published the second instalment of its guidance on the tax consequences of implementing GMP equalisation. While the guidance provides clarity and offers solutions in some areas, it also identifies some potential problems for schemes, in particular, raising the prospect of trivial commutation lump sums that have previously been paid being treated as unauthorised … Read more

HSF Pensions Round Up – 31 July 2020

Here is a round-up of our recent pensions blogs and briefings. We have also included links to some of the firm’s recent webinars which we think may be of interest. To keep track of our latest updates, check out our UK pensions blog. Read more