GAD meaning

In this issue: The Pensions Regulator Pensions dashboards Collective defined contribution schemes Public sector pensions Daily and weekly news alerts Dates for your diary Trackers The Pensions Regulator TPR publishes final Fast Track parameters The Pensions Regulator (TPR) has issued a standalone, finalised version of the Fast Track tests and conditions. Previously included as Appendix 1 to TPR’s response to its Fast Track and regulatory approach consultation, this document details the parameters that a defined benefit (DB) scheme must meet when submitting an actuarial valuation with an effective date on or after 22 September 2024 under the Fast Track route. In essence, the framework sets expectations across funding and investment stress, technical provisions, investment risk, and the recovery plan. In completing the parameters, TPR made a number of minor tweaks to better clarify its intentions. Fast Track is one of two newly introduced pathways—alongside the Bespoke route—available to trustees when filing a DB scheme valuation dated...

In this issue: The Pensions Regulator Pensions dashboards Taxation Members and benefits Funding, surplus and investment Public sector pensions Dates for your diary Trackers The Pensions Regulator TPR announces full benefits secured for Box Clever pension members after ITV case The Pensions Regulator (TPR) confirms it has secured full benefits for all 2,800 members of the Box Clever Group Pension Scheme, bringing its long-running case against ITV to a close. Individuals who had received payments at Pension Protection Fund (PPF) levels since 2014 have now moved to the ITV Pension Scheme and will receive full scheme entitlement plus back payments. TPR has also released a regulatory intervention report setting out how, for more than a decade, it pursued ITV, deploying its Financial Support Direction (FSD) powers to require the broadcaster to underpin the scheme following the 2011 collapse of Box Clever—a joint venture between Granada (now ITV) and Thorn (now Carmelite). After ITV’s legal challenges,...

In this issue: Key developments Air emissions and climate change Energy for environmental lawyers Environmental enforcement and prosecutions Environmental taxes, reliefs and incentives ESG and sustainability Hazardous substances and chemicals Nature, biodiversity and habitat conservation Waste Water, flooding and drainage Daily and weekly news alerts New and updated content Key developments Defra publishes response to OEP report on England environmental improvement plan progress Defra has issued a policy paper replying to the Office for Environmental Protection’s January 2025 progress review, ‘Progress in improving the natural environment in England 2023 to 2024’. That OEP report evaluated how far the government has advanced towards Environmental Improvement Plan (EIP) targets set under the Environment Act 2021 (EA 2021). See: LNB News 22/10/2025 36. Air emissions and climate change GAD initiates Cross-Government Climate Ready Estates Network The Government Actuary’s Department (GAD) has launched the Cross-Government Climate Ready Estates Network (CCREN) to tackle...

PI & Clinical Negligence horizon scanner-August 2021 [Archived] Archived: This Practice Note is no longer maintained and is retained for reference only. It condenses the key legal developments relevant to personal injury and clinical negligence practitioners as at 2 August 2021. For the most up-to-date horizon scanner, please refer to PI and Clinical Negligence horizon scanning-overview. Coronavirus (COVID-19) To keep abreast of swiftly changing court processes and procedures prompted by the pandemic-and for sector guidance on managing cases during this period, including medical examinations, service and limitation-see Practice Note: Coronavirus (COVID-19) implications for PI and clinical negligence [Archived]. For recent developments affecting PI and clinical negligence claims, see: NHS Coronavirus (COVID-19) Clinical Negligence Protocol 2020 updated-LNB News 29/07/2021 73 Coronavirus (COVID-19)-ABI further extends Statement of Intent to 13 August 2021-LNB News 13/07/2021 30 Coronavirus (COVID-19)-courts and tribunals guidance updated-LNB News 26/07/2021 25 MOJ outlines the impact on the Court Funds Office arising from Coronavirus (COVID-19)-LNB News 19/07/2021 6 HMCTS withdraws...

A-day 'A-day' is the widely used term for the broad pension tax 'simplification' reforms that began on 6 April 2006. The changes covered: how much pension contribution was allowed, the kinds of schemes an individual could invest in, the sums that could be taken (and when), and the choices available for any remaining fund. A-day also introduced the annual allowance and the (now abolished) lifetime allowance. See: Annual allowance and Lifetime allowance. AFPS AFPS: Armed forces pension scheme; see Practice Note: Public sector pensions and family proceedings. Accrual rate The speed at which pension benefits build as pensionable service is completed in a final salary scheme, eg 1/60 for each year of pensionable service. Accrued benefits The benefits earned in respect of service up to a specified date. Added years Extra pension provided by adding further years of pensionable service in a salary-related scheme. Such additional years are secured via transfer payments or through additional voluntary contributions/augmentation...

Accrual rate The speed at which pension entitlement builds as pensionable service is completed within a final salary arrangement, e.g. 1/60 for each year of pensionable service. Accrued benefits Benefits relating to service built up to a given date, measured with reference to current earnings or projected future pay. A-day ‘A-day’ is the widely used term for the broad pension tax ‘simplification’ reforms that came into force on 6 April 2006. These changes followed a 2004 government policy to rationalise the British tax system as it applied to pension schemes. The objective was to cut the volume of legislation accumulated under successive administrations, folding the previous eight tax regimes into a single regime for all personal and occupational pensions. Key areas covered included: how much pension contribution was allowed; the range of schemes an individual could invest in; how much an individual could withdraw (and when); and what could be done with the remaining fund. A-Day...