Government planning to alter charge cap to unlock illiquid investment by DC schemes

As part of the UK Government’s aim to encourage UK defined contribution (DC) pension funds to invest more in infrastructure and other illiquid assets, the Department for Work and Pensions (DWP) has published a new consultation on Enabling Investment in Productive Finance. The proposals also reflect the Government’s commitment to shift the focus of DC … Read more

Autumn Budget 2021 – Money off Prosecco and a little more into pensions

As expected, today’s Budget was pretty quiet from a pensions perspective. While many of the headlines are likely to be reserved for the changes to alcohol duty which will see the prices of Prosecco, draught beer and cider and most wines reduced, as far as pensions are concerned the headline announcements are: An increase in … Read more

Pensions Regulator issues final policy on enforcing pensions criminal offences

The Pensions Regulator has today published its final policy on investigating and prosecuting the new pensions criminal offences of causing a material detriment to a defined benefit (DB) pension scheme and avoiding an employer debt, which come into force on 1 October 2021. Following criticism that its draft policy did not provide sufficient clarity on … Read more

Pensions legislative and regulatory changes in force from 1 October 2021

There are a number of significant legislative and regulatory changes coming into force on the 1st October 2021, including new pensions criminal offences and financial penalties, new contribution notice triggers and new governance and disclosure requirements for defined contribution occupational pension schemes. To help you keep track of these we have summarised the headline changes … Read more

Pensions and ESG Ep4 – Greening Finance and Investment

In this latest podcast in our Pensions and ESG series, Professor Iain Clacher, Professor of Pensions & Finance at Leeds University Business School and Lead Researcher for Pensions and Asset Management for the new Centre for Greening Finance and Investment, joins Michael Aherne, Pensions Partner, to discuss the plans for the Centre and how it … Read more

Responsibility Incorporated: General Counsel and the dawning ESG revolution

Responsibility Incorporated We are delighted to share with you a major new report exploring the key trends and pressure points as General Counsel mobilise to help companies tackle the high-stakes environmental, social and governance (ESG) agenda. Drawing on 20 extensive interviews with legal chiefs at major companies across the world, we explore the increasingly central … Read more

Pensions Planner – June 2021

Our latest Pensions Planner is here. The Planner and our handy timeline will help you keep up to date with the latest developments in pensions law and practice and help you identify the key pensions issues that your scheme or organisation needs to address in the coming months. The latest edition covers: The Pensions Regulator’s … Read more

Annual Funding Statement 2021 – Key messages

The Pension Regulator’s latest Annual Funding Statement covers a lot of ground, emphasising the need for trustees to determine how their covenant has been impacted by Covid-19 and Brexit and to assess whether they are on track to reach their long-term funding target. Where a recovery plan is needed, affordability remains a key consideration and, … Read more