Recent tax decision may open AE opt-out can of worms

In a recent decision, the First-tier Tax Tribunal has ruled that an individual still had a statutory right to opt-out of their employer’s automatic enrolment scheme several months after he was enrolled on the basis that the enrolment information provided to him was incorrect. While this was helpful for the individual in this case, as … Read more

What can we learn from the Pension Regulator’s Corporate Plan?

The UK Pension Regulator has published its latest Corporate Plan which describes the Regulator’s main areas of focus over the next two years. The Plan provides important updates on the timing of the new DB funding Code and the extension of the notifiable events regime, as it sets out the key actions we can expect … Read more

Pensions Planner – June 2022

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 covers: what schemes need to do to prepare for pension dashboards the impact of the new Consumer Duty the latest Annual Funding Statement … Read more

Court dismisses claims against trustee directors of the USS

Following a preliminary hearing in the High Court, Mr Justice Leech has refused two members of the Universities Superannuation Scheme (USS) permission to pursue four so-called ‘derivative claims’ against the trustee directors of the USS. Subject to the outcome of any appeal, this decision will come as a relief to trustee directors as it limits … Read more

Pension Disputes Bulletin – May 2022

Welcome to the latest edition of our Pension Disputes Bulletin. Our regular disputes bulletins contain summaries of key cases, Ombudsman decisions and regulatory activity and highlight emerging risks for pension schemes, providers, sponsors, administrators and other service providers. In this edition we consider the implications of: the FCA’s latest proposals for the new Consumer Duty; … Read more

Podcast: Pension dashboards – data, liability and regulation

In this podcast, Tim Smith, Pensions Professional Support Consultant, is joined by Richard Smith, Pension Dashboards Consultant at the Pension & Lifetime Savings Association to discuss the industry’s hopes for pension dashboards and what schemes need to do to get ready. In particular, he: explains what dashboards are and what it is hoped they will … Read more

Regulator publishes latest Annual Funding Statement

The Pensions Regulator has published its latest Annual Funding Statement. Most of the messages are consistent with those contained in last year’s statement but, as you might expect, this year’s statement emphasises the need for trustees to assess the impact on their scheme and sponsor covenant of high inflation, the prospect of higher interest rates … Read more

Pensions and ESG Ep 6 – A Smart approach to ESG

In this latest podcast from the Herbert Smith Freehills’ pension team, Mark Howard, Of Counsel, discusses the latest developments in the world of ESG with Head of Investment Proposition at Smart Pension, James Lawrence. In their conversation, Mark and James discuss: How Smart Pension is responding to investment in Russia after the invasion of Ukraine; … Read more

PODCAST: Getting your scheme ‘dashboard ready’

In this latest podcast from the Herbert Smith Freehills’ pension team, Tim Smith, our Pensions Professional Support Consultant, discusses the latest developments relating to the launch of pension dashboards with Professional Support Paralegal, Olivia Kettleborough. In their conversation, Tim outlines: what pension dashboards are and when they will be launching what schemes need to do … Read more