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New DB funding code – it’s all about the journey

The key to all good sagas is a little longevity. A fast start, plenty of meandering and then a crescendo finish. Something like that, anyway. Take the new DB fu...

What’s changing on 6 April?

  It’s been hard to miss that pensions was a key area in the Spring Budget, but in all the excitement, it can be easy to lose track of exactly what’s chang...

Surplus: can too much money be a bad thing?

Like many pensions lawyers, I have spent much of my career talking about underfunded defined benefit schemes – section 75 debts, recovery plans, deficit r...

DWP consultation on addressing the challenge of deferred small pots

Background The Department for Work and Pensions (“the DWP”) has issued a call for evidence on “Addressing the challenge of deferred small pots”. In this respons...

Finance (No.2) Bill 2023

Introduction The Finance (No.2) Bill (“the Bill”) was published today, 23 March 2023. With the notable exception of the abolition of the LTA, which is being dea...

DWP consultation on Extending Opportunities for Collective Defined Contribution Pension Schemes

Background The DWP has issued a consultation on Extending Opportunities for Collective Defined Contribution Pension Schemes. In this response Responses to speci...

TPR consultation on draft DB funding code of practice and regulatory approach

Background The Pensions Regulator (“TPR”) has issued a consultation on a new draft DB funding code (“the Code”), and on a new twin track regulatory approach to...

Abolishing the LTA – will this open the door for bulk GMP conversion?

While I very much doubt that Jeremy Hunt considered the impact of abolishing the LTA on GMP equalisation and conversion, the ramifications of the recent Budget...

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