Hopefully you’ve already read our recent blog on the key dashboard decisions that should be on a trustee board’s agenda for 2023 and all will go well on this challenging project. But what if things don’t go as planned? Late last...
With the largest pension schemes set to connect to the dashboards ecosystem from August, and dashboards finally gaining attention in the mainstream media, we predict that 2023 will be the year of the pensions dashboard. What does this mean...
Smaller DC schemes face growing pressure to consolidate. Increasing regulatory requirements, and associated running costs, can make master trusts and group personal pension plans attractive alternative propositions. Small schemes are a...
At the time of writing, the updated version of the Pensions Regulator’s (TPR) new single code of practice (the Code) is still awaited. Although we are not yet at the finish line, TPR has indicated that it hopes we’ll see the finalised...
With the legal framework expected to come into force in December, the countdown has begun for connecting to the pension dashboards. The earliest of the staging deadlines — for large defined contribution master trusts and Financial...
It is widely agreed that, for some schemes, it can be highly beneficial to appoint senior staff from the sponsoring employer to the trustee board. Such individuals can bring a range of skills, offer invaluable insight into the employer’s...
The DWP is currently consulting on draft regulations which set out the detail of the requirements introduced under the Pension Schemes Act 2021 for defined benefit schemes to have a funding and investment strategy and submit a written...
TPR has launched its new strategy to combat pension scams with an overall aim to create a “hostile environment” for those seeking to defraud savers. TPR’s strategy comes at a time that the UK is experiencing a “cost of living...
If you work in pensions and can’t say “I know what simpler annual benefit statements are”, you’ll want to read this. The new legal requirements for a shorter, simpler annual member statement for certain schemes (which we last...
A question which often arises in the context of corporate transactions is whether there is a need to carry out a consultation under pensions legislation where pension changes are effectively a side-effect of the transaction. To give an...
