2015

HM Treasury consultation on capping public sector exit payments

HM Treasury has issued a consultation which proposes capping all forms of exit payments applicable to individuals leaving public sector employment at £95,000 (before tax). HMT wishes this policy to apply to as much of the public sector as possible, with only a few exceptions.

A copy of HM Treasury's consultation can be on the .gov website.

UCEA response to consultation on public sector exit payments

HM Treasury has now issued a response to this consultation confiming that the government will move ahead with legislation to introduce a cap on public sector exit payments. UCEA will monitor developments to ensure that the HE sector is excluded from the cap and excluded from any changes to the regulations governing the public service pension schemes required to implement a cap.

HMT response to public sector exit payments consultation

HM Treasury consultation on Pensions Tax Relief

HM Treasury is seeking views on whether the current pensions taxation system is the best way to encourage people to save for their retirement or whether the system could be reformed. 

HM Treasury consultation on pension tax relief

UCEA response to HMT consultation on pensions tax relief

HMT has issued a document containing a summary of the responses to its consultation on pension tax relief.

Strengthening the incentive to save - summary of responses to the consultation on pensions tax relief

DWP call for evidence on Section 75 employer debt regulations for non-associated multi-employer schemes

The DWP issued a call for evidence on the employer debt regulations for non-associated multi-employer schemes which included seeking views on further suggested easements to protect employers from s75 debts.

DWP call for evidence on s75 debt regulations for non-associated multi-employer schemes

UCEA response - DWP call for evidence on non-associated multi-employer schemes

The Pensions Regulator (TPR) consultation on DB to DC transfers

TPR recently consulted on guidance for trustees in relation to the requests for DB to DC transfers, and the impact such transfers could have.

TPR response to a consultation on DB to DC transfers and conversation

DCLG consultation on Technical Changes to the LGPS regulations

DCLG recently consulted on technical changes to the LGPS regulations in light of a review undertaken with scheme administrators following implementation of the 2014 scheme. The aim of the consultation was to seek views on areas of the regulations that required further clarification.

UCEA response to Technical Changes to the LGPS regulations

DCLG has now issued a response to its consultation which confirms that it will no longer pursue work around whether companies that are wholly owned by employers that are listed in Part 1 of Schedule 2 should also be listed in Part 1 of Schedule 2.

DCLG response - Technical consultation on Local Government Pension Scheme rules

This page was last updated on 2 October 2015