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?
HMRC’s 6 consultations on ‘Making tax digital’ close 7 November Definite
DWP’s consultation ‘Valuing pensions for the advice requirement and introducing new consumer protections’ closes 7 November Definite
Parliament rises 8 November Definite
DWP consultation on draft PPF (Modification) (Amendment) Regulations 2017 closes (long service cap) 9 November Definite
European Commission to discuss a delay to the implementation date of the PRIIPs Regulation 9 November Definite
Parliament returns 14 November Definite
HMT consultation ‘Amending the definition of financial advice’ closes 15 November Definite
Pensions Bill, House of Lords Committee Stage 16 November Definite
Removal of the requirement to produce a Consumer-Friendly Principles and Practice of Financial Management (CFPPFM) 22 November Definite
Autumn Statement 23 November Definite
FCA consults on the LISA regulatory requirements November Expected
(FAMR) Financial Advice Working Group to publish a shortlist of potential terms to describe “guidance” and “advice” November Expected
FCA to consult on certain (conduct) changes to its Handbook resulting from MiFiD II (‘CP 3’) November Expected
FCA to consult on its redress methodology for individuals wrongly advised to transfer out of defined Benefit schemes November Expected
Office of tax simplification review of income tax and national insurance alignment (phase 2) findings to be published in advance of the Autumn Statement November Expected
HMT consults on the design of a single public guidance body model November/December Possible
Item Date (if known) Definite or expected?
HMRC published the draft Finance Bill 2017 5 December Definite
Scottish Budget 15 December Definite
Business, Energy and Industrial Strategy Select Committee inquiry into the future world of work (includes pay, pension & benefits closes 19 December Definite
Parliament rises 20 December Definite
DWP consultation ‘The Advice Requirement and overseas pension transfers’ closes 23 December Definite
PRIIPs regulations and technical standards published By 31 December Possible
Independent review of the State Pension Age: interim report consultation closes 31 December Definite
DWP to consult on a ban on existing commission related charges for occupational pension schemes December Expected
FCA review of FSCS funding model By end of 2016 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. Late 2016 Expected
(FAMR) FCA to consult on guidance for streamlined advice Late 2016 Expected
DWP and FCA jointly review industry-wide progress in addressing and remedying poor value schemes and publish a report 31 December Expected
GMP equalisation legislation in place 2016 or later Possible
FCA to host a Smarter Consumer Communications event to engage with stakeholders on the key issues, including terms and conditions Winter Expected
DWP publishes a Green Paper on Defined Benefit schemes looking at options Winter Expected
Pensions Bill gets Royal Assent Winter Expected
Item Date (if known) Definite or expected?
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
HMRC consultation on the draft Finance Bill 2017 closes 30 January Definite
Independent review of State Pension Age, led by John Cridland, to submit recommendations to the DWP By January 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
British government activates Article 50 allowing Brexit negotiations to begin By end of March Expected
FCA cap on exit fees for people with contract-based schemes accessing the pension freedoms (for over 55s) 31 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
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, not necessarily for Scottish taxpayers) 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
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
DWP to set a cap on exit fees for members of trust-based schemes accessing the pension freedoms (for over 55s) Q2 2017 Expected
FCA publishes its policy statement on MiFiD II consultation paper I in response to CP15/43 Half 1 Expected
New rules for master trusts and new rules for the Pensions Regulator to authorise and monitor Master trusts October 2017 Possible
FCA publishes its ‘Strategy on the Ageing Population’ including recommendations on how the industry can improve customer outcomes Summer 2017 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
FCA publishes its report on the competitive market study of UK asset management Early 2017 Expected
FCA completes its Retirement Outcomes Review Q4 Expected
Item Date (if known) Definite or expected?
Final MiFID ll / MiFiR rules effective 3 January 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 15-25 May 2018 Definite
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 2 2018 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
Triple lock increases to the Basic and New State Pensions ends 2020 Possible
State Pension Ages rises to age 67 in stages 2026 - 2028 Definite
Minimum pension age rises to age 57 2028 Possible