The following Pensions guidance note provides comprehensive and up to date legal information covering:
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:
legislation, see Tracker: Legislation tracker—pensions
forthcoming cases, see Tracker: Case tracker—forthcoming cases—pensions
judgments handed down in 2019, see Tracker: Case tracker—judgments handed down in 2019—pensions
consultations, see Tracker: Consultation tracker—pensions
Pensions Ombudsman determinations, see Tracker: Pensions Ombudsman determination tracker
HM Treasury has confirmed that the government will hold its Budget on Wednesday, 11 March 2020.
In February 2019, the UK Statistics Authority (UKSA) consulted the Bank of England and the 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 Chancellor of the Exchequer, Sajid Javid,
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