Pensions law update – February 2025 quarterly update

In this November 2024 Quarterly Update, we cover the following topics:

• The Finance Bill 2025 - Resolutions giving temporary legal effect to measures announced in the Autumn Budget have been approved, including the transitional period for exemptions from the 25% Overseas Transfer Charge
• Mr R (CAS-63400-N0T9) - administrator carried out appropriate due diligence at time of transfer
• TPO issues directions for repayment in pension liberation case#
• Tax-free lump sums paid back into pension schemes
• DB scheme funding - Regulator publishes revised employer covenant guidance
• FCA fines and bans pension transfer specialist • Pensions Ombudsman operating model review – new ways forward?
• Pensions Dashboards Programme announces update to draft reporting standards 
• Proposed reforms to defined benefit scheme surplus release 
• Pension scheme invests in bitcoin