Climate-related disclosures for issuers: FCA publishes final rules

The Financial Conduct Authority (FCA) recently published a Policy Statement (PS20/17) and final rules and guidance in relation to climate-related financial disclosures for UK premium listed companies. Companies will be required to include a statement in their annual financial report which sets out whether their disclosures are consistent with the Task Force on Climate-related Financial Disclosures … Read more

Pressure points: Key pensions-related guidance (UK)

A plethora of guidance is being produced to help employers and trustees deal with the issues arising from the spread of COVID-19 and the measures that have been introduced to limit this. The table below (which we will update as new guidance is issued) provides links to the key pensions-related COVID-19 guidance issued to date … Read more

Initial commentary on the new UK-EU Trade and Cooperation Agreement and a webinar invite

On Christmas Eve, the UK and EU finalised the Trade and Cooperation Agreement (TCA) that will govern their future trading and security relationship. At 1259 pages, it is a complex deal that will take time for businesses, governments and authorities to understand, implement and make use of. Notwithstanding some exceptions (particularly the extensive unilateral phased transitional mitigations … Read more

Our five pension predictions for 2021

2020 has been a uniquely challenging, unpredictable and eventful year, dominated (as we all know too well) by the impact of Covid-19, which has changed the way we live, work and do business, and also by the preparations for Brexit. Both of these themes will undoubtedly continue to dominate the economic and political agenda in … Read more

Pension Disputes Bulletin – December 2020

Welcome to the latest edition of our quarterly pensions disputes bulletin. In this edition we cover: the 2nd judgment in the Lloyds Bank GMP equalisation litigation and new guidance relating to GMP equalisation key developments in relation to the Pension Schemes Bill the predicted rise in Covid-related complaints to the Pensions Ombudsman recent cases on transfers, insurance, investment, … Read more

Podcast: Pensions Policy EP2 – What to expect in 2021?

We thought it would be helpful for our listeners if we considered some of the key pensions-related themes and risks that we expect to emerge in 2021. Therefore, in our latest pensions podcast Rachel Pinto and Michael Aherne from our UK pensions team discuss their predictions for 2021 relating to: the new offences and regulatory … Read more

Preparing for Brexit – Whatever it means!

It should probably come as no surprise, given the uncertainty that has surrounded the Brexit process since the referendum result in June 2016, that with less than two and a half weeks to go until the UK officially becomes a third country vis-à-vis the EU we still do not know the terms on which this … Read more

UK Government puts green finance at heart of future of UK financial services

The Chancellor recently confirmed plans to issue the UK’s first ever sovereign green bond in 2021 and become the first country in the world to make it mandatory for companies, banks, asset managers and institutional investors to publish disclosures aligned with the recommendations of the Taskforce Climate-related Financial Disclosures (TCFD) by 2025. On 18 November … Read more