Codes of Practice given revamp by Regulator

After much work, the Pensions Regulator has published its new single code of practice for consultation. The new code is designed to update the Regulator’s expectations of workplace pension schemes and to make those expectations clearer and more accessible. As well as updating existing requirements, the code sets out a number of new requirements, including … Read more

Perspectives: Diversity in pensions Ep2: In conversation with Tracy Blackwell, PIC

In this second episode in our series on diversity in pensions, Samantha Brown Head of Employment, Pensions and Incentives at Herbert Smith Freehills, is joined by Tracy Blackwell, CEO of Pension Insurance Corporation (PIC) and they discuss: • the purpose of finance • the importance of businesses having a purpose and how this impacts on … Read more

Podcast: Pensions & ESG Ep3 – Responsible investment in practice

In the latest podcast in our series on Pensions and ESG Caroline Escott, Senior Investment Manager at RPMI Railpen discusses what it means to implement a responsible investment strategy in practice. In particular, Caroline shares: how her interest in responsible investment and stewardship began and her career journey to date how RPMI Railpen is preparing … Read more

Pension Schemes Act 2021 – Implementation timetable (Updated)

The Pension Schemes Act 2021, which will introduce new pension criminal offences, £1m regulatory fines and new requirements relating to funding and climate-related risks, received Royal Assent on 11 February 2021 but most of its provisions do not come into force imediately. Most of these measures are likely to come into force during the next … Read more

Chancellor extends support and outlines plans to build future economy

As expected, today’s Budget focused on: maintaining support for businesses and individuals during the remainder of the Covid-19 pandemic, starting the work of containing the ballooning national deficit, and laying the foundations for the future economy (with plans announced to promote green growth, change the economic geography of the country and to ensure we are … Read more

Pensions Planner – Febuary 2021

The latest edition of our Pensions Planner is here. Click on the image below to open 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 coming … Read more

New statutory funding requirements put focus on end game for DB schemes

The Pension Schemes Act 2021 finally received Royal Assent on 11 February 2021. The Act contains some significant new funding requirements for defined benefit (DB) occupational pension schemes which mean that trustees and sponsors will soon be required to set a legally binding long-term objective for their scheme. In future, this objective will drive the … Read more

M&A, restructuring, re-financing and dividends likely to be hit by new pensions offences and regulatory sanctions

The Pension Schemes Act 2021 finally received Royal Assent yesterday, paving the way for the most significant reform of the regulatory regime for defined benefit (DB) pension schemes since its introduction in 2006. The Act introduces new criminal offences and new regulatory powers for the Pensions Regulator that could: significantly impact corporate activity, including M&A … Read more