March 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 Pensions Regulator (Contribution Notices) (Sum Specified following Transfer) Regulations 2010 – consultation on draft regulations – Government response: http://www.dwp.gov.uk/docs/pen-reg-response.pdf

Draft regulations: http://www.dwp.gov.uk/docs/pen-reg-draft-si.pdf

The Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations 2010 – government response: http://www.dwp.gov.uk/docs/occ-pen-misc-regs-2010-response.pdf

Pensions Protection Fund (Miscellaneous Amendments) Regulations 2010 – Government response: Pensions Protection Fund (Miscellaneous Amendments) Regulations 2010 – Government response

HMRC

ISA

The latest ISA Bulletin is now available. It contains articles on Annual Returns of Information for 2009-10 and American Depositary Receipts (ADR)/American Depositary Shares (ADS): http://www.hmrc.gov.uk/isa/bulletin18.pdf

The latest version of guidance notes for ISA managers on how to submit annual returns of information on magnetic media: http://www.hmrc.gov.uk/isa/magmedia-spec-2008-04.pdf

Pension

HM Revenue & Customs has today published guidance on the operation of Special Annual Allowance Charge (Protected Pension Input Amounts) Order 2010 – Statutory Instrument 429/2010: http://www.hmrc.gov.uk/pensionschemes/consolidated-saa-changes.pdf

HMRC has published an overview note providing further information about the special annual allowance order: http://www.hmrc.gov.uk/pensionschemes/allowance-charge.htm

The Special Annual Allowance Charge (Protected Pension Input Amounts) Order 2010: http://www.opsi.gov.uk/si/si2010/pdf/uksi_20100429_en.pdf

Explanatory Memorandum to the Special Annual Allowance Charge (Protected Pension Input Amounts) Order 2010: http://www.opsi.gov.uk/si/si2010/em/uksiem_20100429_en.pdf

All

HMRC has pulished the new R63N which comes intro force from 06 April 2010

HMRC has published the new schedule to the R63N which also comes into force from 06 April 2010

CTF

The latest bulletins are now available: http://www.hmrc.gov.uk/ctf/bulletins.htm

OPSI

Pension

The Pension Schemes (Transfers, Reorganisations and Winding Up) (Transitional Provisions) (Amendment) Order 2010: http://www.opsi.gov.uk/si/si2010/pdf/uksi_20100529_en.pdf

The Taxation of Pensions Schemes (Rates, etc) Order 2010: http://www.opsi.gov.uk/si/si2010/pdf/uksi_20100536_en.pdf

The Pension Protection Fund (Miscellaneous Amendments) Regulations 2010: http://www.opsi.gov.uk/si/si2010/pdf/uksi_20100560_en.pdf

The Registered Pension Schemes (Provision of Information) (Amendment) Regulations 2010: http://www.opsi.gov.uk/si/si2010/pdf/uksi_20100581_en.pdf

The Registered Pension Schemes etc (Information) (Prescribed Descriptions of Persons) Regulations 2010: http://www.opsi.gov.uk/si/si2010/pdf/uksi_20100650_en.pdf

The Registered Pension Schemes (Enhanced Lifetime Allowance) (Amendment) Regulations 2010: http://www.opsi.gov.uk/si/si2010/pdf/uksi_20100651_en.pdf

The Registered Pension Schemes and Overseas Pension Schemes (Electronic Communication of Returns and Information) (Amendment) Regulations 2010: http://www.opsi.gov.uk/si/si2010/pdf/uksi_20100652_en.pdf

The Pension Protection Fund (Pension Compensation Cap) Order 2010: http://www.opsi.gov.uk/si/si2010/pdf/uksi_20100667_en.pdf

FSA

All

Consumer Complaints – Discussion Paper: http://www.fsa.gov.uk/pages/Library/Policy/DP/2010/10_01.shtml

These items were all posted during March 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.