Horizon scanning—Pensions
Horizon scanning—Pensions

The following Pensions practice note provides comprehensive and up to date legal information covering:

  • Horizon scanning—Pensions
  • Response to consultation on the Retail Prices Index—25 November 2020
  • Working group report on small pension pots—Autumn 2020
  • Implementation of cap on public sector exit payments—4 November 2020
  • TPR consultation on updated TKU content—by November 2020
  • Consultation on consolidation for small DC schemes—H2 2020
  • Consultation on performance fees—H2 2020
  • Pension Schemes Bill—Royal Assent H2 2020?
  • PCRIG guidance regarding climate-related risks—by end of 2020
  • Review of charge cap—by end of 2020
  • More...

This Practice Note summarises the key legal developments that are expected to impact pension lawyers within the next 18 months and will continue to track them to their conclusions.

To track developments relating to:

  1. legislation, see Tracker: Legislation tracker—pensions

  2. forthcoming cases, see Tracker: Case tracker—forthcoming cases—pensions

  3. judgments handed down in 2019, see Tracker: Case tracker—judgments handed down in 2019—pensions

  4. consultations, see Tracker: Consultation tracker—pensions

  5. Pensions Ombudsman determinations, see Tracker: Pensions Ombudsman determination tracker

Response to consultation on the Retail Prices Index—25 November 2020

In February 2019, the UK Statistics Authority (UKSA) consulted the Bank of England and the then Chancellor of the Exchequer to stop the publication of the Retail Prices Index (RPI) and, in the interim, address the shortcomings of RPI by aligning it with CPIH. On 4 September 2019, the Chancellor of the Exchequer responded by announcing his intention to consult on the timing of when to bring the methods in CPIH into RPI, effectively aligning the measures, to give users time to prepare for the many complex effects such a change will have.

In a letter to the chair of the House of Lords Economic Affairs Committee on 13 January 2020, the then Chancellor of the Exchequer, Sajid Javid, announced that the joint consultation between the government and UKSA on a proposed change to address the shortcomings in RPI (which was initially expected in

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