February 2010
This is a non exhaustive list of news items which may be relevant to wrap platform providers and the providers of products which typically sit on the platforms.
DWP
Pension
The Pension Protection Fund and Occupational Pension Schemes (Miscellaneous Amendments) Regulations 2010 – consultation on draft regulations – Government response: http://www.dwp.gov.uk/docs/ppf-occ-pen-response.pdf
HMRC
Pension
Special Annual Allowance Charge – Draft Clauses: http://www.hmrc.gov.uk/pensionschemes/med-checks.pdf
Information on the number of customers who filed their Registered Pension Scheme Returns on time has been published: http://www.hmrc.gov.uk/pensionschemes/deadline-news.htm
Relief at Source claim form APSS107 has been revised and published on the Pension Schemes website: http://www.hmrc.gov.uk/pensionschemes/relief-at-source.htm
Relief at Source claim form APSS106 has been revised and published on the Pension Schemes website: http://www.hmrc.gov.uk/pensionschemes/relief-at-source.htm
Relief at Source claim form APSS105 has been revised and published on the Pension Schemes website: http://www.hmrc.gov.uk/pensionschemes/relief-at-source.htm
Inheritance Tax Manual updated to reflect pensions post A-day: http://www.hmrc.gov.uk/manuals/ihtmanual/updates/ihtmupdate210110.htm
Funds
The Authorised Investment Funds (Tax) (Amendment) Regulations 2010: http://www.opsi.gov.uk/si/si2010/pdf/uksi_20100294_en.pdf
Offshore
The list of certified funds has now been updated to show the latest position of funds which have applied for distributing fund status as at 1 January 2010: http://www.hmrc.gov.uk/offshorefunds/dist_fundlist.htm
A list of Offshore Funds that have applied successfully for Reporting Fund status since 1 December 2009 is now accessible. This list will be updated monthly: http://www.hmrc.gov.uk/collective/reportingfundlist.pdf
HM Revenue & Customs has issued clarification on The Offshore Funds (Tax) Regulations 2009 for offshore funds potentially liable to tax in respect of a UK trade carried on through a permanent establishment or agent: http://www.hmrc.gov.uk/ctsa/invest-man-exempt.htm
TPR
Pension
Tougher stance to record keeping: http://www.thepensionsregulator.gov.uk/mediaCentre/pressReleases/pn10-03.aspx
OPSI
Pension
The Pensions Act 2004 (Commencement No. 14) Order 2010: http://www.opsi.gov.uk/si/si2010/pdf/uksi_20100443_en.pdf
The Pensions Act 2008 (Commencement No. 6) Order 2010: http://www.opsi.gov.uk/si/si2010/pdf/uksi_20100467_en.pdf
The Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations 2010: http://www.opsi.gov.uk/si/si2010/pdf/uksi_20100499_en.pdf
The Occupational Pension Schemes (Contracting-out) (Amount Required for Restoring State Scheme Rights) Amendment Regulations 2010: http://www.opsi.gov.uk/si/si2010/pdf/uksi_20100506_en.pdf
FSA
Funds
Funds of Alternative Investment Funds – Policy Statement: http://www.fsa.gov.uk/pages/Library/Policy/Policy/2010/10_03.shtml
These items were all posted during February 2010; whilst all links were tested at the time they were included no guarantee can be made as to how long they will continue to function.