Pensions Regulator’s new long term strategy recognises shift from ‘Generation DB’ to ‘Generation DC’

On 16 October, the Pensions Regulator launched a discussion paper on its new 15 year corporate strategy in which it emphasises that its main objective will, unsurprisingly, be to protect pension scheme members and their saving outcomes. However, somewhat surprisingly, it says very little about the Regulator’s role in supporting the economic recovery by promoting … Read more

Webinar: Pensions regulation: The new normal? – 10:30am, 4 Nov – Register now

Before the outbreak of Covid-19, the Pensions Regulator was emphasising its tougher approach to pensions regulation: Clearer, Quicker, Tougher. This focus is borne out in the Pension Schemes Bill, with the range of extensive new powers it will afford the Regulator, and in the Regulator’s plans to introduce a new DB funding Code which (based … Read more

FCA’s new rules on DB transfers risk unintended consequences

The FCA’s new rules which will ban contingent charging and introduce the option for firms to offer abridged advice on defined benefit (DB) transfers came into force today (1 October 2020). These measures are intended to improve the quality of DB transfer advice. However, they could have the opposite effect if they result in more … Read more

Podcast: Pensions and ESG: Ep 1 – The evolving landscape

One year on from the introduction of new ESG requirements for UK pension schemes, we interview Ashley Hamilton-Claxton, Head of Responsible Investment at Royal London Asset Management, in our latest pensions podcast to find out what impact this is having on the way pension schemes and asset managers assess and manage ESG risks. We also … Read more

HSF Pensions Round Up – September 2020

Here is a round-up of the pensions blogs and briefings that we have posted during the past month. Some of these have been broadcast but several have not, to avoid sending you too many emails. Read more

Covid-19 (UK): Government unveils new Job Support Scheme

On 24 September, the Chancellor announced the creation of a new Job Support Scheme (JSS) to replace the Coronavirus Job Retention Scheme (CJRS) which ends on 31 October 2020. The JSS is designed to support “viable jobs” by providing Government support for an employee’s usual wages where an individual is working at least one-third of … Read more

Pensions Planner – September 2020

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