Claire Carey provides an essential overview of significant developments affecting occupational pension provision in the UK.
New requirements came into force on 1 June requiring trustees and managers of occupational pension schemes to deliver a “stronger nudge” to guidance in relation to certain applications by members with “flexible benefits”. In addition, a recent Government consultation focuses on the support given to members in the run-up to retirement and available decumulation options. In our Spotlight session, Helen Ball looks at what steps trustees need to take to comply with the stronger nudge, as well as what the future might hold for retirement communications and decumulation offerings.