Perspectives: Diversity in pensions Ep3 – In conversation with Karina Brookes, EY

In the latest podcast in our Diversity in Pensions series, Karina Brookes, Head of EY’s UK Covenant Advisory Practice, joins Samantha Brown, Regional Head of Employment, Pensions and Incentives at Herbert Smith Freehills and they discuss a range of issues particularly relating to gender diversity in legal and professional services, including: how to ensure gender … Read more

Check out our new UK pensions regulation hub

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

Can the Pensions Regulator compel a non-UK entity to provide information?

In its recent judgment in R (on the application of KBR, Inc) v Director of the Serious Fraud Office [2021] UKSC 2, the Supreme Court unanimously held that the information gathering powers granted to the Serious Fraud Office (SFO) under section 2(3) of the Criminal Justice Act 1987 (CJA 1987) did not have extraterritorial effect, … Read more

Codes of Practice given revamp by Regulator

After much work, the Pensions Regulator has published its new single code of practice for consultation. The new code is designed to update the Regulator’s expectations of workplace pension schemes and to make those expectations clearer and more accessible. As well as updating existing requirements, the code sets out a number of new requirements, including … Read more

Perspectives: Diversity in pensions Ep2: In conversation with Tracy Blackwell, PIC

In this second episode in our series on diversity in pensions, Samantha Brown Head of Employment, Pensions and Incentives at Herbert Smith Freehills, is joined by Tracy Blackwell, CEO of Pension Insurance Corporation (PIC) and they discuss: • the purpose of finance • the importance of businesses having a purpose and how this impacts on … Read more

Podcast: Pensions & ESG Ep3 – Responsible investment in practice

In the latest podcast in our series on Pensions and ESG Caroline Escott, Senior Investment Manager at RPMI Railpen discusses what it means to implement a responsible investment strategy in practice. In particular, Caroline shares: how her interest in responsible investment and stewardship began and her career journey to date how RPMI Railpen is preparing … Read more

Regulator issues draft guidance on policing new criminal offences

The Pension Regulator has published for consultation its much anticipated draft guidance on how it intends to police the new pensions criminal offences due to come into force this Autumn. The draft guidance suggests that the Regulator will use these new powers sparingly and that they are not intended to fundamentally change commercial norms or … Read more

Pension Schemes Act 2021 – Implementation timetable (Updated)

The Pension Schemes Act 2021, which will introduce new pension criminal offences, £1m regulatory fines and new requirements relating to funding and climate-related risks, received Royal Assent on 11 February 2021 but most of its provisions do not come into force imediately. Most of these measures are likely to come into force during the next … Read more