Practical guide: Responding to requests for information from the Pensions Regulator

The Pensions Regulator is being more proactive and it is becoming increasingly common for pension scheme trustees, corporate sponsors, advisers and service providers to receive formal and informal requests for information from the Regulator.In the past five years the Regulator has issued 656 formal requests for information, known as "Section 72 notices". This represents an increase of 133% on the previous five year period. Read more

Trustees and ESG – are you ready for 1 October 2019?

From 1 October, trustees of occupational pension schemes with more than one hundred members will be required to set out their policy on how they take account of financially material factors, including environmental, social and governance (ESG) considerations, in their investment decision making. New legislative requirements published on 3 June 2019, mean that trustees also … Read more

Pensions Planner: June 2019

The latest edition of our quarterly Pensions Planner is now available.Click on the image below to download your copy.We hope that you find this guide helpful. Please share any feedback you have on it.You can also follow our latest thinking on all of the topics covered in the Planner on our new pensions blog.Please contact us if you need assistance with any of the issues that are highlighted in this edition. Read more

Happy GDPR-versary! Herbert Smith Freehills reflections on a year of GDPR regulation

The GDPR came into effect just over a year ago on the 25 May 2018. As the most significant reform of data protection law in Europe for over 20 years, the legislation raised expectations of a cultural shift in attitude to data privacy. A year on from the fanfare of implementation, our data protection experts examine key aspects of what we have seen and learnt since implementation, and what we can expect for the future. Read more

What can we expect from the next Pensions Bill?

Although making any kind of political prediction at present is a fool's errand, it seems to be a question of when, rather than if, we get the next Pensions Bill. The indications are that a Bill will be included in the next Queen's speech. It now appears that this will take place "at the end of May". However, with the timing of her departure still unknown, your bet is as good as mine as to when the Bill will actually emerge.But, what can we expect when it is finally introduced? Read more

Regulator’s annual funding statement raises the funding bar

The Pensions Regulator has published its 2019 annual funding statement for defined benefit (DB) schemes. The statement: reflects the Regulator’s tougher approach confirms the Regulator’s focus on reducing the length of deficit recovery plans and requiring schemes to set a long term funding target, and makes clear the Regulator’s intention to police the payment of … Read more