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Pensions Timeline

6 AprilState Pension Age: Completion of increase to age 68.
6 AprilGradual raising of state pension age from 65 to 68 begins.
6 AprilState Pension Age: Completion of raising the female SPA to equal the male age of 65.
 Planned introduction of personal accounts.
 The link between state pensions and earnings to be re-established.
 DC contracting-out to be abolished some time after 2012. more
 Significant increase to PPF administration levy expected.
6 AprilWorking-age widowers (finally) achieve parity of entitlement with widows to inherited SERPS and S2P.
 Gradual raising of the female state pension age from 60 to 65 begins. (From 04/2010, female SPA effectively increases by 1 month for every 2 months that pass.)
 Watch out for:
 Self Invested Personal Pensions to be allowed to hold protected rights. more
 European Commission review of IORP Directive.
 Amendments to the employer debt regulations "before the end of February 2008". more
 Amendments to the Registered Pension Schemes (Provision of Information) Regulations 2006. more
 New regulations concerning the calculation of transfer values. more
 New set of Internal Dispute Resolution Regulations (expected April). more
 Guidance from TPR on the clearance procedures. more
 
17 DecemberGovernment announces further changes to the Financial Assistance Scheme. more
14 DecemberAppointed day under the Pensions Act 2007 (Commencement No. 2) Order 2007 (SI 2007/3512)
5 DecemberPensions Bill published and received first reading in the House of Commons. more
 Amendments made to the Registered Pension Schemes Manual (RPSM) mainly to bring into line with the Finance Act 2007. more
1 NovemberAppointed day under the Pensions Act 2007 (Commencement No. 1) Order 2007 (SI 2007/3063).
16 OctoberIntroduction of mandatory e-filing by HMRC. more
9 OctoberPre Budget Report contains several Simplification aspects more
1 OctoberAmendments to winding-up legislation in force more
26 SeptemberMost of remaining provisions of Pensions Act 2007 in force. more
11 SeptemberTPR publishes draft guidance on clearance. more
26 JulyPensions Act 2007 receives Royal Assent. more
25 JulyDeregulatory Review of Private Pensions published. more
19 JulyFinance Act 2007 receives Royal Assent. more
5 JuneThornton Review of Pensions Institutions published.
3 MayTPR issues guidance on scheme abandonment. more
25 AprilSet of changes to RPSM. more
6 AprilThe Registered Pension Schemes (Standard Lifetime and Annual Allowances) Order 2007 (SI 2007/494) sets the Allowances for tax years 2007/08 to 2010/11. more
1 AprilGN29: Occupational Pension Schemes - Advisors to the Trustees or a Participating Employer version 7.0 takes effect.
31 JanuaryGuidance confirms that an employer contribution will be deductible provided it is "wholly and exclusively" for the purposes of trade. more
25 JanuaryECJ judgment on case Carol Marilyn Robins and Others (Allied Steel and Wire Limited) v Secretary of State for Work and Pensions. more
24 JanuaryTPR Code of Practice No. 10 Modification of subsisting rights in effect. more
18 JanuaryGovernment opts to continue using an expected cost basis for future transfers from defined benefit occupational pension schemes more
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