Pensions Planner – June 2021

Our latest Pensions Planner is here. The Planner and our handy timeline will help you keep up to date with the latest developments in pensions law and practice and help you identify the key pensions issues that your scheme or organisation needs to address in the coming months. The latest edition covers: The Pensions Regulator’s … Read more

Annual Funding Statement 2021 – Key messages

The Pension Regulator’s latest Annual Funding Statement covers a lot of ground, emphasising the need for trustees to determine how their covenant has been impacted by Covid-19 and Brexit and to assess whether they are on track to reach their long-term funding target. Where a recovery plan is needed, affordability remains a key consideration and, … Read more

DWP proposes new transfer conditions to combat pension scams

The DWP is planning to introduce new measures to empower trustees and pension providers to protect their members from pension scams. Draft regulations (which are subject to consultation) would see four new statutory conditions introduced, one of which must be met before a statutory transfer could take place. Although many will argue that such measures … Read more

Pension Disputes Bulletin – May 2021

Welcome to the latest edition of our pension disputes bulletin. In this edition we cover: the Pension Regulator’s draft policy on policing the new pensions criminal offences recent cases on transfers, scams and rectification new regulatory guidance on assisting members with financial matters guidance from the Ombudsman on appointing IFAs and signposting members, and the … Read more

Ombudsman expects providers to update processes within “approximately one month” of new scams guidance

In a recent determination (PO-24554), the Pensions Ombudsman has indicated that it would generally expect pension providers to update their transfer processes, due diligence checks and member communications within “approximately one month” of new regulatory guidance being issued. This is significantly less than the three month period the Ombudsman has indicated would be acceptable in … Read more

Podcast: Workplace Mental Wellness

To mark Mental Health Awareness Week #MHAW21, Samantha Brown, Head of Employment, Pensions and Incentives, joined Tim Leaver, a Partner in our Employment team on our Employment team’s Expresso Pods Podcast series to discuss: workplace mental health and wellness, and how the pandemic has impacted our wellbeing and awareness of our mental health. They also … Read more