Budget 2020: Key pensions points

Despite all of the traditional talk of changes to pensions tax relief in the run-up to the Budget, today’s Budget turned out to be a quiet one for pensions, with the Chancellor’s focus and priorities elsewhere. However, the Budget did include some pensions-related announcements including the launch of the consultation on the future of the … Read more

Regulator targets dignified end for DB schemes in consultation on new funding Code

The Pensions Regulator has today launched the first stage of its consultation on its new DB funding Code. This consultation focuses on the principles that will underpin the new Code and, as expected, it sets out the Regulator’s expectation that, in general: DB schemes should have low dependency on their scheme’s sponsor and reach their … Read more

Pensions Planner: June 2019

The latest edition of our quarterly Pensions Planner is now available. Click on the image below to download your copy. We hope that you find this guide helpful. Please share any feedback you have on it. You can also follow our latest thinking on all of the topics covered in the Planner on our new pensions blog. Please contact us if you need assistance with any of the issues that are highlighted in this edition. Read more

Should the Ombudsman act as a mediator?

This is one of the questions posed by the DWP in its consultation on the Pensions Ombudsman's dispute resolution powers and jurisdiction issued just before Christmas. The consultation lacks detail on what is meant by mediation, simply suggesting that provision should be made for an Early Resolution Service and to allow the Pensions Ombudsman to ‘mediate’ and ‘resolve’ complaints and disputes before a determination. It is important that this consultation is taking place now, because the role of the Pensions Ombudsman's service is evolving. Read more

Backstops and gateways

While all the talk at Westminster over the past few weeks has been about “legal backstops”, judging from the consultation on DB consolidation, the talk at Caxton House has clearly been about “regulatory gateways”. Whilst the constitutional significance of these two legal mechanisms cannot be compared, there are a few striking similarities worth drawing out Read more