March 2010

Item	Date (if Known)	Definite or Expected?
DWP consultation on Disclosure of Information amending regulations closes	1 March	Definite
Board of Actuarial Standards consultation on ‘Pensions and Insurance Transformations’ closes	1 March	Definite
HMRC consultation, ‘Implementing the restriction of pensions tax relief’ closes	3 March	Definite
DWP consultation on draft guidance relating to the transfer of scheme assets to the government closes – The Financial Assistance Scheme	10 March	Definite
The Pensions Regulator’s consultation on the independent trustee register closes	12 March	Definite
FSA consultation closes on ‘Delivering the Retail Distribution Review’ closes	16 March	Definite
HMT consultation ‘Establishing resolution arrangements for investment banks’ closes	16 March	Definite
Budget	17 or 24 March	Expected
Financial Services Skills Council to publish the content of new qualifications	March	Expected
The Board for Actuarial Standards (BAS) to publish consultation on SMPI statements	March	Possible
New FSA rules published following the Retail Distribution Review (individual business)	March	Expected
HMT implements the new insolvency regime for banks	March	Possible
DWP to make decision regarding NEST’s charging shape and level	March	Expected
DWP to make decision regarding NEST’s charging shape and level	March	Expected
The Pensions Regulator consults on Defined Contribution member risks	March/April	Possible

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April 2010

Item	Date (if Known)	Definite or Expected?
Minimum pension benefit age rises to age 55	6 April	Definite
Phased increases in females’ State Pension Age from 60 to 65 starts	6 April	Definite
Number of qualifying years for a full basic state pension reduces to 30	6 April	Definite
Introduction of new income tax of 50% for earnings above £150,000 a year	6 April	Definite
Reduced personal allowances for those earning over £100,000 a year	6 April	Definite
Changes to the tax position for ‘short-service refunds’ for trust-based pension schemes	6 April	Definite
Introduction of three rates of tax on dividends (10%, 32.5%, and 42.5%)	6 April	Definite
Increase of trust tax rates	6 April	Definite
Increase in ISA limit to £10,200 for those aged 50 or less	6 April	Definite
Election called	Early April	Possible
The Pension Regulator’s Record-keeping  consultation – measuring member data closes	27 April	Definite
National Money Guidance Service national rollout	April	Expected

May / June 2010

Item	Date (if Known)	Definite or Expected?
The Pensions Regulator’s consultation on revised guidance, ‘winding up: avoiding delays’ closes	5 May	Definite
Investment Governance Group’s consultation on investment governance of defined contribution pension schemes closes	5 May	Definite
HMT publishes its consultation on simple products	May / June	Possible
National General Election	May	Possible
Second budget	May / June	Possible
DWP announcement on future of the Default Retirement Age	May / June	Expected
Personal Accounts Delivery Authority to announce the company providing administration services to NEST	June	Expected
European Green Paper on pensions	June	Expected

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Second half of 2010

Item	Date (if Known)	Definite or Expected?
Belgium takes over Presidency of the Council of the European Union	1 July	Definite
NEST Corporation replaces the Personal Accounts Delivery Authority (PADA)	5 July	Definite
Further information on rules for Packaged Retail Investment Products (PRIPs) from European Commission	July	Possible
Alternative Investment Fund Managers’ (‘Hedge Fund’) Directive: European Parliament Plenary vote, followed by advice on implementation	July	Possible
The Pensions Regulator to start employer Pensions Reform communication programme	Summer	Expected
NEST corporation to finalise investment proposals to the Trustee Corporation	Summer	Expected
DWP implements new pension disclosure legislation	1 October	Definite
FSA publishes a Policy Statement for Consultancy Charging in the corporate pensions market	Q3	Expected
FSA publishes the final decision on the governance of professional standards	Q3	Expected
Full review of IORP Directive	Q3	Possible
Review of MiFID	December	Expected
CEIOPS report on defined contribution member risks	End of 2010	Expected

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2011

Item	Date (if Known)	Definite or Expected?
Ending of special annual allowance	5 April 2011	Definite
Tax relief restricted for those with ‘relevant income’ above £130,000 a year	6 April 2011	Definite
Increase in national insurance contributions by 1% for employers and employees	6 April 2011	Definite
Tax threshold increases to £10,000 for over 75s	6 April 2011	Definite
Review of Insurance Mediation Directive	Spring 2011	Expected
New European supervisory bodies in place	Spring 2011	Expected
NEST corporation rolls out the NEST scheme to volunteer large companies	Mid 2011	Expected
HMT publishes its consultation on the pre-funding of FSCS	By end of 2011	Expected

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2012

Item	Date (if Known)	Definite or Expected?
Introduction of earnings-related link for basic state pensions	6 April 2012	Possible
End of DC contracting out and abolition of protected rights	April 2012	Expected
Introduction of staging in new employer pension duties	October 2012	Expected
European Union moves to new Solvency 2 regime	October 2012	Expected

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2013 and later

Item	Date (if Known)	Definite or Expected?
Deadline for full implementation of the FSA rules following the Retail Distribution Review	1 January 2013	Definite
Deadline for adoption of the FSA’s prudential regime for personal investment firms	31 December 2013	Definite
Government to report on the operation of the Pensions Act 2007	2014	Expected
End of employer pension staging period and increase in statutory minimum pension contributions to 5% for employers and employees	October 2016	Definite
Full statutory minimum pension contributions for all employers and employees	October 2017	Definite
DWP to review NEST	2017	Expected

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