Pensions law

The Pensions Act 2011 (Transitional and Consequential Provisions) Regulations 2014

Reshaping workplace pensions for future generations

The government proposes that, in future, the regulation of workplace pension schemes should make sure that the sponsoring employer or scheme provider deliver any promise or guarantee.

Definition of money purchase benefits in occupational pension schemes

This consultation seeks views on Pensions Act 2011 (Transitional and Consequential Provisions) Regulations 2014.

Better workplace pensions: a consultation on charging

This consultation seeks views on a range of measures to tackle pension charges to protect employees in workplace defined contribution pension schemes.

Employer debt regulations

The Transfer of Employment (Pension Protection) (Amendment) Regulations 2013

This consultation asks for views on changes to the Transfer of Employment (Pension Protection) Regulations 2005 which affect pension protection arrangements following a Transfer of Employment.

The draft Pensions Bill

The draft Pensions Bill was published on 18 January 2013. The draft Bill provides for:

  • reforms to the state pension system (the single-tier pension)
  • bringing forward the increase in the state pension age to 67
  • introducing a framework for future changes to the state pension age
  • reforms to bereavement benefits
  • amendments to private pensions legislation
  • visit the Department for Work and Pensions website to view the draft Bill
  • The Law Society of Scotland's response (March 2013)

Regulating work-based defined contribution pension schemes

This consultation seeks information on a new code of practice, regulatory guidance and regulatory approach relating to the administration and governance of work-based defined contribution (DC) pension schemes.

Pensions and Growth: Whether to smooth assets and liabilities in scheme funding valuations and whether to introduce a new statutory objective for the Pensions Regulator

This call for evidence seeks to gather views on:

  • whether the smoothing of assets and liabilities would be appropriate in schemes undertaking technical provisions (part 3) valuations, considering impacts on members, sponsoring employers and the Pension Protection Fund
  • how smoothing might be applied
  • whether a new statutory objective for the regulator is necessary, or whether the appropriate considerations can be delivered under existing objectives, or alternatively whether other changes to the legislation are required
  • visit the DWP website to view the consultation
  • The Law Society of Scotland's response (Questions 6-9) (February 2013)
  • The Law Society of Scotland's response (Questions 1-5) (March 2013)

Supporting automatic enrolment - call for evidence on NEST constraints

This call for evidence seeks views and evidence on the impact of the annual contribution limit and the transfer restrictions placed on the National Employment Savings Trust (NEST) by exploring:

  • whether the perceived complexity of these two constraints is inhibiting employer choice, even where the workforce is in NEST's target market
  • the extent to which commercial providers are able to supply low-cost provision to a very diverse range of employers as automatic enrolment gathers pace
  • whether the balance between employer choice and consumer interests shifts as automatic enrolment captures smaller employers.
  • visit the DWP website to view the consultation
  • The Law Society of Scotland's response (January 2013)