Government consults on significant extension to UK’s pensions notifiable events framework for corporates

The government is planning to make significant changes to the UK’s pensions notifiable events regime. The changes are designed to ensure the Pensions Regulator is given advanced notice of material corporate transactions and financing arrangements which may impact a defined benefit (DB) pension scheme. Draft regulations (which are subject to consultation) have been published which … Read more

Pensions legislative and regulatory changes in force from 1 October 2021

There are a number of significant legislative and regulatory changes coming into force on the 1st October 2021, including new pensions criminal offences and financial penalties, new contribution notice triggers and new governance and disclosure requirements for defined contribution occupational pension schemes. To help you keep track of these we have summarised the headline changes … Read more

Government to legislate next year to increase normal minimum pension age

The government has confirmed it plans to legislate to increase the normal minimum pension age from age 55 to age 57 from 6 April 2028 in the next Finance Bill. The legislation will include a protection regime for savers who already have an unqualified right to access their benefits before age 57. Following the recent … Read more

Court of Appeal confirms PPF compensation cap is unlawful

In an appeal brought by the Secretary of State for Work & Pensions and The Board of the Pension Protection Fund (PPF), the Court of Appeal has endorsed the PPF’s proposed approach to implementing the Court of Justice of the European Union’s (CJEU’s) decision in Hampshire v Board of the PPF, overturning the decision of … Read more

Pensions and ESG Ep4 – Greening Finance and Investment

In this latest podcast in our Pensions and ESG series, Professor Iain Clacher, Professor of Pensions & Finance at Leeds University Business School and Lead Researcher for Pensions and Asset Management for the new Centre for Greening Finance and Investment, joins Michael Aherne, Pensions Partner, to discuss the plans for the Centre and how it … Read more

Responsibility Incorporated: General Counsel and the dawning ESG revolution

Responsibility Incorporated We are delighted to share with you a major new report exploring the key trends and pressure points as General Counsel mobilise to help companies tackle the high-stakes environmental, social and governance (ESG) agenda. Drawing on 20 extensive interviews with legal chiefs at major companies across the world, we explore the increasingly central … Read more