The Pensions Regulator has opened another consultation into the drafting of regulations around its contribution notice regime and its information-gathering powers, going into more detail as to the nature of the ‘employer resources test’ that will be used in the former.
Tapping DC schemes for growth fund raises industry concern
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June 29, 2021
Chancellor Rishi Sunak is reportedly hoping to draft defined contribution schemes into propping up the government’s proposed Long-Term Assets Fund, though experts have raised concerns about its practicality.
Weekly Roundup: Size very much does matter
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June 25, 2021
This week – DWP’s attempts to speed up consolidation among small schemes, fears over second pensions transfer scandal, rules over back payment of arrears ‘clarified’, and MP tables bill around GMP conversion.
Govt to reform discount rate and cost-control mechanism
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June 24, 2021
The government has proposed aligning the discount rate review periods with the valuation cycles of public service pension schemes, and is taking forward reforms to the cost-cap mechanism first proposed by the government actuary.
High Court clarifies rules over pension back payment arrears
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June 23, 2021
The High Court has further clarified the procedure for paying arrears when a member has not claimed a back payment within the usual six-year period, confirming that scheme rules will determine whether trustees have discretion as to whether those benefits have been forfeited.
Rushing DC consolidation could hurt member outcomes
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June 22, 2021
The Department for Work and Pensions wants to speed up consolidation among schemes with less than £5bn in assets. Although the initiative was broadly welcomed, experts have warned that rushing its implementation could worsen member outcomes.
Comment
The answer to climate change is more primary investment
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June 25, 2021
Thinking Ahead Institute’s co-head Tim Hodgson explains why asset owners should target primary investments, such as renewable energy and negative emissions technologies, to tackle climate change
Don’t ‘do’ pensions? Think again…
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June 18, 2021
Norton Rose Fulbright’s Claire O’Donnell and Julia Chirnside explain how corporates can prepare for the increased notification requirements to the Pensions Regulator that could have an impact for many merger and acquisition transactions.
The defined benefit trustee cost challenge
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June 11, 2021
Isio director Iain McLellan details how defined benefit scheme trustees should spend their increasingly constricted budgets to ensure good governance, and why sponsors should invest in their own scheme’s trustee board.
Videos & Podcasts
Treasury ‘ignored advice’ in public sector pension reforms
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June 24, 2021
Podcast: Ian Neale, co-founder of Aries Insight, and Claire Carey, partner at Sackers, discuss a parliamentary report identifying failings in the public sector schemes reform, industry consultation fatigue, and the new Task Force on Climate-related Financial Disclosures reporting requirements.
Trustees should focus more on scheme admin in anti-scam fight
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June 10, 2021
Podcast: LCP partner Francesca Bailey and Pensions Management Institute president Lesley Alexander discuss pension scams, dashboards and corporate activity.
Police officers let down by poor McCloud communication
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May 27, 2021
Podcast: Quietroom development lead Joe Craig and Taylor Wessing senior associate Hadassah Shulman discuss the implications of the McCloud remedy for police officers, simpler annual statements, and the government’s anti-scam proposals.