Staged timetable update for Pensions Dashboards published by the DWP

The DWP issued guidance on 25 March 2024 setting out the expected timetable for connection to the pensions dashboards ecosystem by occupational pension schemes, and personal and stakeholder pension providers. Pensions dashboards will enable individuals to access the entirety of their pensions information online, in a clear format. The Money and Pensions Service is responsible … Read more

New Pensions Regulator Guidance on Private Market Investments

The Pensions Regulator has published guidance for trustees regarding investment in private markets. This guidance follows on from the Government’s Mansion House reforms, announced last July and reconfirmed in the Autumn Statement, which are intended to ‘enable our financial services sector to unlock capital for our most promising industries and increase returns for savers, supporting … Read more

Pensions Planner – Autumn 2023

Here is the latest edition of our Pensions Planner, which will help you identify the key pension issues your scheme or organisation needs to address in the coming months. The latest edition includes: the Mansion House Reforms and the Autumn Statement Defined Benefit Superfunds – a new regulatory approach and the first transaction a Pensions Ombudsman … Read more

Solving the small pots problem

The Government has launched a consultation on proposals to eliminate the proliferation of small pension pots by introducing a solution involving multiple authorised default consolidators. Initially, the proposed solution would apply to deferred pots with a value of less than £1,000. Based on current data, this would help to eliminate up to 61% (12.1 million) … Read more

Chancellor seeks to unlock the power of UK pension investments

As expected, the Chancellor used his annual Mansion House speech last night to announce a series of initiatives designed to increase the amount UK pension funds invest in UK high-growth companies and to boost returns for pension savers. The Chancellor also announced measures designed to strengthen the UK’s position as a listing destination, as well … Read more

Life as a Professional Trustee: EP1

In the latest podcast from the Herbert Smith Freehills’ pensions team, Tim Smith, Professional Support Consultant, is joined by Jane Beverley, Professional Trustee at Law Debenture to discuss: • what life is like as a professional trustee; • key challenges schemes are grappling with at the moment; • a trustee perspective on calls for pension … Read more

What next for the PPI’s UK Pension Framework?

In the latest podcast from the Herbert Smith Freehills’ pensions team, Tim Smith, Professional Support Consultant, is joined by Anna Brain, Research Associate at the Pension Policy Institute (PPI) and Lead Researcher on the UK Pensions Framework project. Among other things, Tim and Anna discuss: • what the PPI UK Framework is and how it … Read more