Publication
Real Estate Focus - December 2024
December has been a very busy month, with a flurry of new government policies and consultations.
Pensions (Special Rules for End of Life) Bill introduced into Parliament
United Kingdom | Publication | November 2024
On October 21, 2024, the Pensions (Special Rules for End of Life) Bill received its first reading in the House of Commons.
The text is not yet available, but it is expected that it will amend the definition of terminal illness in relation to compensation payments made under the PPF and the FAS to allow compensation claims for members with less than 12 rather than 6 months to live. This would bring the PPF and FAS into line with the rules governing registered pension schemes.
The second reading is scheduled for January 17, 2025.
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Recent publications
Publication
Essential Corporate News – Week ending 20 December 2024
On 13 December 2024 the Financial Conduct Authority (FCA) published Primary Market Bulletin 53 (PMB 53) which includes confirmation of the final form of two new, and one amended, sponsor-related technical notes previously consulted on in PMB 50, and a consultation on various proposed changes to the technical and procedural notes in the FCA’s knowledge base.
Publication
Dashboards update: webinars hosted by Pensions Regulator and Money and Pensions Service
The Regulator has provided a link to its dashboard webinar held on November 26, 2024, which it urges scheme trustees to watch. The Money and Pensions Service also collaborated with the Pensions Dashboard Programme to host a “town hall” dashboard event on December 2, 2024.
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