Key dates
July 2008
| Item | Date (if Known) | Definite or Expected? |
|---|---|---|
| Pensions Bill goes into committee stage in the Lords | Late June / early July | Definite |
| Accounting Standards Board’s consultation on the Financial reporting of Pensions closes | 14 July | Definite |
| Personal Accounts Delivery Authority’s ‘Prior Information Notice’ consultation closes | 14 July | Definite |
| Personal Accounts Delivery Authority summarises the responses to the personal accounts charges consultation | 15 July | Definite |
| DWP consultation on Pension sharing and pension credit benefit closes | 21 July | Definite |
| Parliament goes into recess | 22 July | Definite |
| Pension Protection Fund’s consultation on Trustees’ Guide for assessment closes | 25 July | Definite |
| Pension Protection Fund consultation on equalisation of GMP benefits closes | 28 July | Definite |
| Treasury publishes its final report on age discrimination in financial services | 31 July | Definite |
| Conclusions of FSA thematic review into retirement transfer times and providers’ open market option communication published | Mid July | Expected |
| DWP research into consumer information needs at retirement published | Mid July | Expected |
| FSA feedback on the Simplifying Disclosure Information about services and costs consultation | July | Expected |
| DWP responds to the consultation on flexible retirement (age discrimination and pensions) | June | Expected |
August 2008
| Item | Date (if Known) | Definite or Expected? |
|---|---|---|
| DWP consultation closes on pension risk-sharing | 28 August | Definite |
| FSA discussion paper covering increasing transparency in regulation | 29 August | Definite |
September 2008
| Item | Date (if Known) | Definite or Expected? |
|---|---|---|
| HMRC consultation on the taxpayers charter closes | 11 September | Definite |
| FRC consultation promoting actuarial quality closes | 30 September | Definite |
| FRC consultation monitoring and scrutiny of actuarial work closes | 30 September | Definite |
October 2008
| Item | Date (if Known) | Definite or Expected? |
|---|---|---|
| New basis for calculation of transfer values from defined benefit schemes | 1 October | Definite |
| Legislation allowing self-investment of protected rights in SIPPS comes into force | 1 October | Definite |
| Parliament returns from recess | 6 October | Expected |
| Pensions Bill goes into the report stage | Early October | Expected |
| Pensions Bill given Royal Assent | Late October | Expected |
| Personal Accounts Delivery Authority moves from an advisory body to having executive powers | October | Expected |
| FSA consultation on Regulatory fees and levies for 2009/2010 closes | October | Definite |
| FSA feedback statement on the Retail Distribution Review | October | Expected |
Autumn
| Item | Date (if Known) | Definite or Expected? |
|---|---|---|
| Treasury feedback to the Myner’s consultation | Autumn | Expected |
| Personal Accounts Delivery Authority to consult on investment | Autumn | Expected |
| Personal Accounts Delivery Authority to consult on decumulation | Autumn | Expected |
| FSA publishes results of review into PP and SIPP transfers | Autumn | Expected |
| DWP to publish research on means-tested benefits and pensions reform | Autumn | Expected |
| The Pensions Regulator to issue good practice guides on investment and member communication | Autumn | Expected |
| Committee of European Insurance and Occupational Pension Supervisors delivers Solvency 2 QIS 4 report to the European Commission | November | Expected |
Winter
| Item | Date (if Known) | Definite or Expected? |
|---|---|---|
| European Commission concludes negotiations on Framework Directive on Solvency 2 | December | Possible |
| FSA: treating customers fairly – all firms must demonstrate through hard management information they are consistently treating customers fairly | December | Expected |
2009
| Item | Date (if Known) | Definite or Expected? |
|---|---|---|
| Personal Accounts Delivery Authority to consult on scheme rules | Early 2009 | Expected |
| S2P upper earnings band and contracted-out rebates frozen | 6 April 2009 | Definite |
| Deadline for registering Primary and Enhanced Protection with the HMRC | 6 April 2009 | Definite |
| DWP regulations on GMP conversion comes into force | April 2009 | Expected |
| New rules following the FSA’s Retail Distribution Review come into force | Late 2009 | Expected |
2010 and later
| Item | Date (if Known) | Definite or Expected? |
|---|---|---|
| Minimum pension benefit age rises to age 55 | April 2010 | Definite |
| Phased increases in females’ State Pension Age from 60 to 65 starts | 6 April 2010 | Definite |
| Number of qualifying years for a full basic pension reduces to 30 | 6 April 2010 | Definite |
| Tax threshold increases to £10,000 for over 75s | April 2011 | Definite |
| Introduction of earnings-related link for basic state pensions | April 2012 | Possible |
| Introduction of pensions reform, including personal accounts | April 2012 | Expected |
| End of DC contracting out and abolition of protected rights | April 2012 | Expected |
| European Union moves to new Solvency 2 regime | During 2012 | Expected |
| Government to report on the operation of the Pensions Act 2007 | 2014 | Expected |
