Pensions Industry Stakeholder Forum
An HMRC-sponsored forum, the Pensions Industry Stakeholder Forum has been set up to help HM Revenue and Customs better manage its relationship with pension industry stakeholders and representative bodies. The forum is the main route of engagement between HMRC and representative bodies on operational issues.
Membership
Current Members
- Aries
- Association of British Insurers (ABI)
- Association of Chartered Certified Accountants (ACCA)
- Association of Consulting Actuaries (ACA)
- Association of Member-directed Pension Schemes (AMPS)
- Association of Pensions Lawyers (APL)
- Association of Taxation Technicians (ATT)
- Aviva
- Confederation of British Industry (CBI)
- Chartered Institute of Payroll Professionals (CIPP)
- Chartered Institute of Taxation (CIOT)
- Institute of Chartered Accountants in England & Wales (ICAEW)
- Institute of Chartered Accountants of Scotland (ICAS)
- Institute of Directors (IoD)
- Investment & Life Assurance Group (ILAG)
- Low Incomes Tax Reform Group (LITRG)
- National Employment Savings Trust (NEST)
- Pensions & Lifetime Savings Association (PLSA)
- Pensions Research Accountants Group (PRAG)
- Personal Investment Management & Financial Advice Association (PIMFA)
- Society of Pension Professionals (SPP)
- Tax Help for Older People (TOP)
- The Investing and Saving Alliance (TISA)
- Zurich
Terms of Reference
The Terms of Reference for the Pension Schemes Services (PSS) External Stakeholder Forum are:
- where possible agree a shared interpretation of provisions in Part 4 Finance Act 2004 pensions tax legislation (and subsequent amendments) where genuine interpretive ambiguity, doubt or complexity exist
- monitor whether the administration of the pensions tax legislation by HMRC is as effective and efficient as possible and, where problems or failings are identified, formulate proposals for remedial change having regard to cost and available resource
- monitor whether pensions industry practice and HMRC administrative practice is conformant with the pensions tax legislation and, where problems or failings are identified, formulate proposals for remedial change having regard to cost and available resource
- provide a safe environment in which bodies representing the pensions industry can voice any concerns they have about possible abuse of the pensions tax legislation
- monitor whether the pensions tax legislation is achieving its intended policy purposes and if not formulate evidence-based proposals for change
Meeting minutes
Meeting frequency - twice yearly in April and October.
Archived minutes
Previous minutes are held on The National Archives website: