HSF Pensions Round Up – September 2020

Here is a round-up of the pensions blogs and briefings that we have posted during the past month. Some of these have been broadcast but several have not, to avoid sending you too many emails. Read more

Pensions Planner – September 2020

The latest edition of our quarterly Pensions Planner is here. Click on the image below to download your copy. The Planner and our handy timeline will help you keep up to date with the latest developments in pensions law and practice and identify the key pensions issues that your scheme or organisation needs to address in the … Read more

Webinar: Public law for pension professionals

On 16 September 2020, we hosted a webinar on public law for pension professionals . The matters that pension professionals deal with will often bring them, either directly or indirectly, into the legal framework which governs the actions of public authorities. This can be anything from considering the validity of: regulatory action taken by the … Read more

DWP turns up the heat on climate risk requirements for UK pension schemes

The DWP has launched a new consultation, in which it is seeking views on proposals to require trustees of large occupational pension schemes, authorised master trusts and schemes offering collective money purchase benefits to have an effective system of governance, monitoring and risk management relating to climate related risks and opportunities in place from 1 … Read more

Pensions Regulator opens door for schemes to transfer to DB consolidators

In a significant step for the pensions de-risking market, the Pensions Regulator has published guidance for DB consolidators (referred to in the guidance as “superfunds”) on the regulatory regime that will apply to them until a longer-term regulatory framework is put in place by the Government. The Regulator has also published guidance for trustees and sponsors who are considering a transfer … Read more

FCA pushes ahead with plans to improve DB transfer market

On 5 June, the FCA published Policy Statement 20/6 outlining its plans to improve the DB transfer market, including among other things, banning contingent charging in all but a few circumstances and introducing an abridged advice process. The Statement highlights the feedback received from consultation CP19/25, and details the FCA’s final rules and guidance. The … Read more

New industry guidance on climate risks signals direction of travel for pension schemes

The Pensions Climate Risk Industry Group (PCRIG) has launched a consultation on draft guidance aimed at pension scheme trustees to help them assess, manage and report on climate risks using the recommendations from the Task Force on Climate-related Financial Disclosures (TCFD). Although the guidance is non-statutory it has been developed in collaboration with the DWP … Read more