From today, directors, lenders, investors and other parties to corporate activity which may jeopardise the interests of a defined benefit (DB) pension scheme face the spectre of criminal prosecution. The new pensions criminal offences and other regulatory sanctions which come into force today are broadly drafted and are likely to impact how corporates and other … Read more

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

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

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

In an article for International Corporate Rescue, Samantha Brown and John Whiteoak, examine the Pensions Regulator’s draft policy on investigating and prosecuting the new pensions criminal offences which are due to come into force this Autumn. The article highlights various points which the authors hope will be addressed in the final policy, including the mixed … Read more

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

This blog first appeared on our Competition blog. On 29 April 2021, the UK National Security and Investment (NSI) Bill received Royal Assent. The NSI Act 2021 introduces significant legislative reforms which will overhaul the review of transactions and investments on national security grounds in the UK, against a backdrop of tightening of foreign direct … Read more

With the most significant reforms to UK pensions regulation for nearly two decades due to come into force later this year, we are delighted to launch our new UK pensions regulation hub to help you keep track of our latest thinking on the new regulatory requirements and the emerging risks. On the hub you will … Read more