A number of industry bodies, including the Department for Work and Pensions and the Pensions Regulator, issue draft legislation, best practice guidance or statutory requirements for consultation from interested parties before any change becomes effective. The list below is a summary of subjects recently offered for consultation.
Open Consultations
Gender as Risk Factor: issued by HM Treasury on 8 December 2011, consultation ends on 1 March 2012
Small pension pots: issued by DWP on 15 December 2011, consultation ends on 23 March 2012
GMP Equalisation: issued by DWP on 20 January 2012, consultation ends on 12 April 2012
Consultations in 2011 (now closed)
Levies: issued by DWP on 7 November 2011, consultation ended on 30 January 2012
Auto-enrolment earnings thresholds: issued by DWP on 15 December 2011, consultation ended on 26 January 2012
European legislation: issued by EIOPA on 25 October 2011, consultation ended on 2 January 2012
Conflicts of Interest for Actuaries: issued by the Actuarial Profession on 7 October 2011, consultation ended on 10 December 2011
Contracting Out Regulations: issued by the DWP on 15 August 2011, consultation ended on 6 November 2011
PPF Levy 2012-13: issued by the PPF on 21 September 2011, consultation ended on 2 November 2011
Workplace Pension Reform: issued by the DWP on 19 July 2011, consultation ended on 11 October 2011
Asset Backed Pension Contributions: issued by HMRC and HM Treasury on 24 May 2011, consultation ended on 16 August 2011
Employer Debt Regulations: issued by the DWP on 28 June 2011, consultation ended on 10 August 2011
State Pension: issued by DWP on 4 April 2011, consultation ended on 24 June 2011
Fair Deal: issued by HM Treasury on 3 March 2011, consultation ended on 15 June 2011
SMPIs: issued by BAS on 31 March 2011, consultation ended on 10 June 2011
Inquiry into retirement saving: issued by Workplace Retirement Income Commission on 1 February 2011, consultation ended on 26 April 2011
Good outcomes in DC schemes: issued by TPR on 28 January 2011, consultation ended on 22 April 2011
Differences between trust and contract DC schemes: issued by DWP on 31 January 2011, consultation ended on 18 April 2011
Consultations in 2010 (now closed)
Default option for DC schemes: issued by DWP on 13 December 2010, consultation ended on 7 March 2011
CPI Inflation: issued by DWP on 8 December 2010, consultation ended on 2 March 2011
Early access to pensions savings: issued by HM Treasury on 13 December 2010, consultation ended on 25 February 2011
PPF Levy 2012-13: issued by the PPF on 7 October 2010, consultation ended on 20 December 2010
European Pension Systems: issued by the European Commission on 7 July 2010, consultation ended on 15 November 2010
PPF Levy 2011-12: issued by the PPF on 30 September 2010, consultation ended on 4 November 2010
Default Retirement Age: issued by Dept for BIS on 29 July 2010, consultation ended on 21 October 2010
Abolition of DC Contracting Out: issued by DWP on 28 July 2010, consultation ended on 19 October 2010
Transfer Incentives: issued by TPR on 13 July 2010, consultation ended on 5 October 2010
Multi-Employer Schemes: issued by TPR on 1 July 2010, consultation ended on 23 September 2010
Removing annuitisation at age 75: issued by HM Treasury on 15 July 2010, consultation ended on 10 September 2010
Employer Covenant: issued by TPR on 15 June 2010, consultation ends on 7 September 2010
IAS19: issued by IASB on 28 April 2010, consultation ended on 6 September 2010
Pensions Tax Relief: issued by HM Treasury on 27 July 2010, consultation ended on 27 August 2010
SMPIs: issued by BAS on 18 March 2010, consultation ended on 4 June 2010
Technical Standard on Pensions: issued by BAS on 25 February 2010, consultation ended on 21 May 2010
Investment Governance: issued by IGG on 10 February 2010, consultation ended on 5 May 2010
Scheme Wind Up: issued by TPR on 5 February 2010, consultation ended on 5 May 2010
Record Keeping: issued by TPR on 2 February 2010, consultation ended on 27 April 2010
Default Retirement Age: issued by DWP on 28 October 2009, consultation ended on 1 February 2010
Actuarial Modelling: issued by BAS on 22 December 2009, consultation ended on 1 February 2010
Disclosure of Information: issued by DWP on 11 January 2010, consultation ended on 1 March 2010
Pensions Transformations: issued by BAS on 18 December 2009, consultation ended on 1 March 2010
Internal Controls: issued by TPR on 1 December 2009, consultation ended on 1 March 2010
Pensions Tax Relief: issued by HM Treasury on 9 December 2009, consultation ended on 3 March 2010
Independent Trustee Register: issued by TPR on 11 December 2009, consultation ended on 12 March 2010
Consultations in 2009 (now closed)
Material Detriment: draft Code of Practice (No.12) issued by Regulator on 15 December, consultation ended on 6 February 2009
Future Development of the PPF Levy: issued by the PPF on 18 November 2008, consultation ended on 13 February 2009
Actuarial Models: issued by the Board for Actuarial Standards on 27 November 2008, consultation ended on 23 February 2009
Securing a Retirement Income: issued by PADA on 2 December 2008, consultation ended on 4 March 2009
Flexible Retirement and Pension Provision: issued by DWP on 16 December 2008, consultation ended on 10 March 2009
Disclosure of Information Requirements: consultation on review of disclosure requirements, issued by DWP on 12 March 2009, consultation ended on 6 May 2009
Personal Accounts: consultation on automatic enrolment, issued by DWP on 12 March 2009, consultation ended on 3 June 2009
Personal Accounts: consultation on rules for Personal Accounts, issued by DWP and PADA on 28 April 2009, consultation ended on 20 July 2009
Personal Accounts: consultation on investment approach for Personal Accounts, issued by PADA on 7 May 2009, consultation ended on 7 August 2009
Mortality Projections: consultation on new mortality projections model, issued by the Actuarial Profession on 19 June 2009, consultation ended on 31 August 2009
PPF Valuations: consultation on assumptions to be used for section 179 and section 143 valuations, issued by the PPF on 31 July 2009, consultation ended on 11 September 2009
Actuarial Standards: consultation on technical actuarial standard for pensions, issued by Board for Actuarial Standards on 26 June 2009, consultation ended on 18 September 2009
Building a Society for all Ages: consultation on Government's strategy for demographic change, issued by DWP on 13 July 2009, consultation ended on 12 October 2009
Personal Accounts: consultation on auto-enrolment, qualifying schemes and default funds issued by DWP on 24 September 2009, consultation ended on 5 November 2009
PPF Levy: consultation on 2010-11 PPF levy, issued by the PPF on 30 September 2009, consultation ended on 11 November 2009
Employer Debts: consultation on section 75 rules on employer debts, issued by DWP on 17 September 2009, consultation ended on 19 November 2009
PPF Risk Based Levy: consultation on calculation of 2011-12 levy and D&B scoring refinements, issued by PPF on 9 November 2009, consultation ended on 14 December 2009