“It’s Trustee duties, Jim, but not as we know it!” The Pension Schemes Bill includes long-awaited legislation on the default retirement pension benefit solution. Is this a welcome first step towards a legislative framework for DC...
It feels like I can’t escape AI – it is beating my husband at chess, marking my son’s homework and continually pops up in my LinkedIn news feed. Why is it everywhere, and what does that mean for pension scheme trustees? What is AI?...
Pensions schemes are increasingly talking about risk. How to identify it, how to mitigate it and how to manage it. This is not surprising given that the requirements to operate an Effective System of Governance, have a Risk Management...
The Government has now confirmed its intention to move forward with plans to increase consolidation in the DC pension market so that there are “fewer, larger, better well-run schemes” (Unlocking the UK pensions market for growth). At...
Pensions can be a “hot potato” at the best of times and it’s not always easy to own up to being a pensions lawyer. Whenever pensions hit the news headlines, it’s time to put on a tin hat. The trouble is, that despite the fact...
As promised, the government has included a reserve power in the Pension Schemes Bill that would allow it, in future, to set quantitative baseline asset allocation targets for some pension scheme investments: so-called “mandation”. This...
Recent research from Schroders Personal Wealth has revealed that only 25% of men and 11% of women feel “very confident” about their retirement savings. As the UK pensions landscape continues its evolution from the certainty of defined...
With the first cohort of pension schemes and providers due to connect to the dashboards ecosystem in less than a week, dashboard preparations are in full flow.* Trustees are ultimately responsible for ensuring all scheme benefits,...
More DB schemes are approaching their endgame (whatever that may be) than ever before. As a result, the focus on residual risks and how these are managed is evolving. The key message for trustees and employers is that dealing with residual...
TPR has again set its sights on pension scammers and there’s good reason for doing so. The latest figures from Action Fraud show that a total of £17.7 million was reported lost to pension-related fraud in 2023. The average loss to each...
