What are the latest regulatory and legislative key dates?

Read our summary to keep up to date with the latest regulatory and legislative key dates from now and into the future.

Item Date (if known) Definite or expected?
Automatic enrolment staging dates continue 1 January Definite
FCA consultation (CP16/30) ‘Transition cost disclosure in workplace pensions’ closes 4 January Definite
HMRC consultation introducing the LISA regs (amending ISA Regs 2017) closes 6 January Definite
Parliament returns 9 January Definite
FCA consultation on the provision of risk warnings in relation to safeguarded-flexible benefits (CP16/39) closes 13 January Definite
DWP consultation ‘Occupational pension schemes draft regulations , occupational pensions legislation subject to review and a proposed methodology for equalising pensions for the effect of the GMP’ closes 15 January Definite
W&PSC enquiry into self-employment and the gig economy closes 16 January Definite
DWP consultation on the General Levy on pension schemes (which funds TPR, TPAS and TPO) for the year 2017/18 closes 18 January Definite
FCA consultation on changes to the Handbook to reflect the introduction of the Lifetime ISA closes 25 January Definite
HMRC consultation on the draft Finance Bill 2017 closes 30 January Definite
ABI, IA, TISA, BBA & other trade bodies consultation ‘Improving pension & investment transfers & re-registration’ closes 31 January Definite
DWP publishes a Green Paper on Defined Benefit schemes looking at options January Expected
DWP to consult on a ban on existing commission related charges for occupational pension schemes January Expected
FCA to consult on its redress methodology for individuals wrongly advised to transfer out of Defined Benefit schemes January Expected
(FAMR) Financial Advice Working Group to publish a shortlist of potential terms to describe “guidance” and “advice” January Expected
(FAMR) FCA to consult on new guidance to support firms offering services that help consumers making their own investment decisions without a personal recommendation January Expected
(FAMR) FCA to consult on guidance for streamlined advice January Expected
DWP to announce membership and terms of reference of an external group to support the 2017 review of auto-enrolment January/February Expected
Supreme Court appeal judgement on Brexit and Article 50 January Expected
Item Date (if known) Definite or expected?
Parliament rises 9 February Definite
DWP, HMT, HMRC pension scams consultation closes 13 February Definite
HMT/DWP consultation on ‘Public Financial Guidance review: consultation on a single body’ closes 13 February Definite
HMT consultation ‘Reducing the money purchase annual allowance’ closes 15 February Definite
FCA consultation on MiFID II implementation – Consultation Paper IV closes 17 February Definite
FCA Asset Management Market study deadline for comments on interim report 20 February Definite
Parliament returns 20 February Definite
DWP consultation ‘Bulk transfers of defined contribution pensions without member consent: Call for evidence’ closes 21 February Definite
FCA consultation (CP16/37) ‘Implementing information prompts in the annuity market’ closes 24 February Definite
FCA consultation (CP16/36) ‘Regulatory reporting retirement income data’ closes 24 February Definite
Independent review of State Pension Age, led by John Cridland, to submit recommendations to the DWP Early 2017 Expected
FCA publishes its MiFiD II policy statement to Consultation Paper II CP16/19 Early 2017 Expected
(FAMR) – FCA and TPR to develop and promote a new factsheet to set out what help employers and trustees can provide on financial matters without being subject to regulation Early 2017 Expected
(FAMR) – Financial Advice Working Group to complete work with employers to develop and publish a guide to the top ten ways to support employees’ financial health Early 2017 Expected
(FAMR) HMT to implement change to definition of regulated advice under the Regulated Activities Order (RAO) so that it is based upon a personal recommendation Early 2017 Expected
DWP consults on its draft regulations setting an exit fees cap for members of trust-based schemes accessing the pension freedoms (for over 55s) Early 2017 Expected
Item Date (if known) Definite or expected?
Spring Budget 8 March Definite
British government activates Article 50 allowing Brexit negotiations to begin By end of March Expected
Parliament rises 30 March Definite
FCA cap on exit fees for people with contract-based schemes accessing the pension freedoms (for over 55s) 31 March Expected
FCA consultation ‘Reviewing the funding of the Financial Services Compensation Scheme' (CP14/16) closes 31 March Definite
FCA issues a Policy Statement on changes in relation to the Lifetime ISA March Expected
New NS&I Investment Bond available (3 year at 2.2% interest) March Expected
(FAMR) Financial Advice Working Group to lead a task force to design and test a set of rules of thumb and nudges. These should include timely prompts for people to consider their financial position, and rules of thumb to give people a steer on simpler needs Q1 Expected
Item Date (if known) Definite or expected?
Deadline for applying to HMRC for Individual Protection 2014 5 April Definite
Removal of NEST’s contribution cap and bulk transfer ban 6 April Definite
Introduction of the Lifetime ISA 6 April Definite
Income tax personal allowance increases to £11,500 pa 6 April Definite
Higher rate tax band increases to £45,000 pa for rUK (£43,430 for Scottish residents, in future to be increased by the CPI) 6 April Definite
Automatic enrolment contribution thresholds increase to £5,876 and £45,000. Salary trigger for auto-enrolment frozen at £10,000 6 April Definite
ISA allowance increases to £20,000 6 April Definite
The Scotland Act 2016 allowing different income tax rates and thresholds effective power comes into force 6 April Definite
Interest from OEICs, authorised unit trusts and investment trust companies can be paid without a tax deduction 6 April Expected
Employer arranged pension advice allowance increases from £150 to £500 income tax and national Insurance relief 6 April Definite
Personal advice allowance £500 for DC savers to access pre-retirement advice 6 April Definite
From PS16/12: Projections including guarantees (transitional available immediately) become effective 6 April Definite
PPF new long service compensation cap effective 6 April Definite
The money purchase annual allowance for people accessing the pension freedoms reduces from £10,000 to £4,000 6 April Expected
Most salary sacrifice arrangements to be taxed as cash, except for a limited range of benefits including pension contributions and pension advice which continue to be tax advantaged 6 April Definite
New DWP requirements for valuing pensions for the advice requirement and new consumer protections 6 April Possible
Changes to recognised overseas pension scheme rules effective 6 Apri Definite
Parliament returns 18 Apri Definite
Pensions Bill gets Royal Assent Spring Expected
Queen’s Speech April / May Expected
Item Date (if known) Definite or expected?
Automatic enrolment staging dates start for new employers set up since 1 April 2012 1 May onwards Definite
Government to publish its final report in response to the Independent review of State Pension Age By 7 May Expected
Parliament rises 25 May Definite
Insurance premium tax to rise from 10% to 12% 1 June Definite
Parliament returns 5 June Definite
FCA publishes its final report on the Asset Management Market Study H1 2017 Expected
FCA to publish a Policy Statement on PRIIPs H1 2017 Expected
FCA publishes its policy statement on MiFiD II consultation paper I in response to CP15/43 H1 2017 Expected
FCA publishes its ‘Strategy on the Ageing Population’ including recommendations on how the industry can improve customer outcomes Summer 2017 Expected
PRIIPs regulations and technical standards published Mid 2017 Expected
DWP exit fees cap for members of trust-based schemes accessing the pension freedoms (for over 55s) comes into force October Expected
FCA Policy Statement and a further consultation on the Financial Services Compensation Scheme published Autumn Expected
First Autumn Budget Autumn Expected
DWP review of automatic enrolment, NEST price cap, DC workplace charge cap and transactional charges 2017 Definite
FCA carries out a review of IGC effectiveness 2017 Definite
New UK Money Laundering regulations (transposition of the 4th EU Money Laundering Directive) 2017 Expected
HMRC new digital channel for submitting ‘Relief at Source’ annual submissions 2017 Expected
DWP publishes GMP equalisation legislation 2017 or later Possible
FCA completes its Retirement Outcomes Review Q4 Expected
Item Date (if known) Definite or expected?
Final MiFID ll / MiFiR rules effective 3 January 2018 Expected
PRIIPS Key Information Document effective January 2018 Expected
End of employer pension staging period 1 February 2018 Definite
Insurance Distribution Directive (IDD) becomes effective 23 February 2018 Definite
Increase in statutory minimum pension contributions to 5% (employer & employee) 6 April 2018 Definite
Introduction of the Help to Save Scheme By 6 April 2018 Definite
Class 2 National Insurance Contributions abolished for the self-employed and Class 4 NICs reformed April 2018 Definite
Indexation of the Lifetime Allowance in line with the CPI 6 April 2018 onwards Definite
Final date for pensions providers to implement systems to calculate the correct amount of Relief at Source (RAS) in respect of the Scottish Rate of Income Tax (SRIT) April 2018 Definite
UK implementation of the EU Data Protection Regulations, as per the EU Directive 25 May 2018 Definite
New rules for master trusts and new rules for the Pensions Regulator to authorise and monitor Master trusts 2018 Expected
New FCA rules in place requiring annuity providers to inform customers how much they can save by shopping around September 2018 Definite
Single public financial guidance body in place No earlier than Autumn 2018 Expected
State Pension Ages equalise at age 65 November 2018 Definite
State Pension Ages rises to age 66 in stages 2018 – 2020 Definite
Implementation of IORP II Late 2018/early 2019 Expected
HMT commits to ensuring the pension industry launches a pensions dashboard By 2019 Expected
Full statutory minimum pension contributions for employers and employees of 8% 6 April 2019 Definite
UK leaves the EU Mid 2019 Expected
Help to Buy ISA closed to new savers (and to new contributions from 2029) 30 November 2019 Definite
Corporation tax reduces to 17% 1 April 2020 Definite
Government’s long term care funding package starts April 2020 Expected
Personal allowance to rise to £12,500 and the higher rate threshold to rise to £50,000 By May 2020 Expected
Triple lock increases to the Basic and New State Pensions ends 2020 Possible
State Pension Age rises to age 67 in stages 2026 - 2028 Definite
Minimum pension age rises to age 57 2028 Possible