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

The new statutory transfer conditions, which are designed to help identify and prevent potential pension scams, come into force today. Trustees, pension providers and administrators have faced a race against time to implement the changes needed to comply with the final regulations which were only laid before Parliament on 8 November 2021. They are also … Read more

The Government has laid final regulations which will introduce new transfer conditions from 30 November 2021, one of which must be satisfied before a pension scheme can make a statutory transfer on behalf of a member. Trustees, providers and administrators must ensure they are ready by the end of this month to carry out the … Read more

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

The government has confirmed it plans to make long-anticipated changes to the UK’s pensions notifiable events regime. The changes, first floated in 2018 and now confirmed (subject to consultation), are almost certain to mean that corporates will be required to give the Pensions Regulator and trustees of defined benefit (DB) pension schemes much earlier notice … Read more

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

Tuesday 21 September 2021, 10.00 – 11.00am UK time In this webinar we will consider the practical impact of the new pensions criminal offences, financial penalties and regulatory powers, which are due to come into force on 1 October 2021 and discuss: the types of corporate activity that may be impacted by these new offences … Read more