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
Pensions Tax Relief: issued by HM Treasury on 27 July 2010, consultation ends on 27 August 2010
IAS19: issued by IASB on 28 April 2010, consultation ends on 6 September 2010
Employer Covenant: issued by TPR on 15 June 2010, consultation ends on 7 September 2010
Removing annuitisation at age 75: issued by HM Treasury on 15 July 2010, consultation ends on 10 September 2010
Multi-Employer Schemes: issued by TPR on 1 July 2010, consultation ends on 23 September 2010
Transfer Incentives: issued by TPR on 13 July 2010, consultation ends on 5 October 2010
Abolition of DC Contracting Out: issued by DWP on 28 July 2010, consultation ends on 19 October 2010
Default Retirement Age: issued by Dept for BIS on 29 July 2010, consultation ends on 21 October 2010
European Pension Systems: issued by the European Commission on 7 July 2010, consultation ends on 15 November 2010
Consultations in 2010 (now closed)
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