At the time of writing, the updated version of the Pensions Regulator’s (TPR) new single code of practice (the Code) is still awaited. Although we are not yet at the finish line, TPR has indicated that it hopes we’ll see the finalised...
With the legal framework expected to come into force in December, the countdown has begun for connecting to the pension dashboards. The earliest of the staging deadlines — for large defined contribution master trusts and Financial...
It is widely agreed that, for some schemes, it can be highly beneficial to appoint senior staff from the sponsoring employer to the trustee board. Such individuals can bring a range of skills, offer invaluable insight into the employer’s...
The DWP is currently consulting on draft regulations which set out the detail of the requirements introduced under the Pension Schemes Act 2021 for defined benefit schemes to have a funding and investment strategy and submit a written...
TPR has launched its new strategy to combat pension scams with an overall aim to create a “hostile environment” for those seeking to defraud savers. TPR’s strategy comes at a time that the UK is experiencing a “cost of living...
If you work in pensions and can’t say “I know what simpler annual benefit statements are”, you’ll want to read this. The new legal requirements for a shorter, simpler annual member statement for certain schemes (which we last...
A question which often arises in the context of corporate transactions is whether there is a need to carry out a consultation under pensions legislation where pension changes are effectively a side-effect of the transaction. To give an...
Notwithstanding the current economic climate, an increasing number of schemes seem to be finding themselves with a healthy funding position and the timeframe closing at some speed to being in a position to fully buy-out. This means that...
