A far-from-lazy summer

Hopes for a laid-back summer appear to have had no place in the pensions landscape. The early part of summer saw the Pensions Regulator continuing to publish statements and finalise codes, HM Revenue & Customs (HMRC) refined its restrictions on pension contribution tax relief, work continued on the PPF/FAS pension lifeboats and the courts ruled on pensions disputes. In the meantime, schemes are grappling with issues thrown up by the wider economic context, such as the prospect of deflation, and are starting to think about the not-too-distant introduction of personal accounts.

It has been a far-from-lazy summer.

Wragge & Co's pensions experts provide a wrap-up of this summer's developments.