Pension Schemes Bill to be reintroduced

As expected, in today’s Queen’s speech, the Government has confirmed that it intends to reintroduce the Pension Schemes Bill before Parliament. The Bill was first introduced three weeks before Parliament was dissolved ahead of the General Election. We expect the Bill to be reintroduced early in the New Year and for the content to be … Read more

What does the election result mean for pensions?

So, the Conservatives return to Government with an 80 seat majority – a result few people predicted in the run-up to last Thursday’s poll. At a macro level, this removes a great deal of the (immediate) uncertainty that has existed since the EU referendum in June 2016. Barring a very unexpected turn of events, we … Read more

Pension Schemes Bill (Part 2): New funding requirements likely to increase funding demands on DB scheme sponsors

The Pension Schemes Bill, introduced in Parliament on 15 October 2019, contained some significant new funding requirements for defined benefit (DB) occupational pension schemes. If the requirements are introduced as proposed it is likely to mean most corporate sponsors will be required to pay more money into their DB schemes more quickly than anticipated. The … Read more

Pension Schemes Bill (Part 1) – Directors, banks and investors put on notice as new criminal sanctions and regulatory powers are significantly wider than expected

Following the announcement of a new Pension Schemes Bill in the Queen’s Speech on 14 October 2019, the Bill has now been published. As anticipated, the Bill contains a number of significant new powers for the Pensions Regulator. However, the proposed new powers are significantly wider than many in the industry expected. If they are … Read more

Pension Schemes Bill published

The Pension Schemes Bill announced in the Queen’s Speech on Monday has been introduced in Parliament. You can view the Bill here. The Bill contains provisions which, if it reaches the statute books, will: introduce new powers for the Pensions Regulator enable employers to establish Collective DC schemes (based on the model developed by Royal … Read more

Pensions Bill announced in Queen’s Speech

The long-awaited Pension Bill has been announced in the Queen’s speech today. We understand that the Bill (which will be a ‘Pension Schemes Bill’) could be published as soon as tomorrow. We are also expecting the Regulator to launch the first part of its consultation on the principles and framework for the new defined benefit … Read more

Tougher pensions regulation survey – your views and experiences

The Pensions Regulator has said that it is taking a “clearer, quicker and tougher” approach to pensions regulation. But what impact is this having in practice? To find out, we invite you to complete our tougher pensions regulation survey to share: your experiences of dealing with the Pensions Regulator, and your views on the Regulator’s … Read more