News on Pensions May 2016

Welcome to this month's News on Pensions, in this issue we discuss:

Consultations: creating a secondary annuity market

We review the three consultations published by HM Revenue & Customs, HM Treasury and the FCA setting out further detail ahead of the start of a secondary market for pension annuities – originally announced in the 2015.

Latest from TPR

We round-up the latest news from TPR, including:

• DC Code: ‘how to’ guides
• Revised DC scheme returns
• Corporate Plan 2016 – 2019

EIOPA: common framework balance sheet

We take a look at the results from the European Insurance and Occupational Pensions Authority's (EIOPA) quantitative assessment, reviewing how a ’holistic balance sheet’ approach might be used in practice.

Our news in brief update also features:

• HMRC guidance: LTA protections
• HMRC bulletins: the end of contracting out
• Threefold increase in DB to DC transfer quotations

To find out more, you can download the full briefing note below.