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Recovery of VAT on DB Pension Scheme Investment Costs – New HMRC Policy

HMRC has announced a new policy on the recovery by employers of VAT charged on investment services provided to their DB pension schemes. Until 18 June 2025, the extent to which an employer could recover any VAT paid on...more

Pension Megafunds and Mandated Asset Allocation – The Government Confirms its Plans

The government has published the Final Report of its Pensions Investment Review, together with a response to its consultation on unlocking the UK pensions market for growth. These confirm that the government will proceed with...more

1 October 2024 – Important Deadline for DC Pension Schemes

Regulations came into force in 2023 that require trustees of occupational pension schemes that provide DC benefits other than additional voluntary contributions (“relevant schemes”) to include their policy on investment in...more

TPR guidance on private markets investment

The Pensions Regulator ("TPR") has issued guidance for trustees of occupational pension schemes who are considering investing in private markets.  This follows on from the Chancellor’s 2023 Mansion House reforms, which were...more

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