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New powers under the Pension Schemes Bill will provide DB scheme trustees with greater flexibility “to safely release surplus” so as “to support employers’ investment plans and to benefit scheme members”. In this hot topic, we...
Introduction Following hot on the heels of last week’s three major pensions papers, the Pension Schemes Bill (“the Bill”) began its Parliamentary journey today. Designed to “transform the £2 trillion pensions landscape to ensure...
Introduction As part of the Government’s policy of having “fewer, bigger, better run schemes” that can “deliver better returns” and “boost investment in the UK”, three major pensions papers landed today. Alongside the highly...
On 28 January 2025, HM Treasury announced plans to lift restrictions on how well-funded, occupational DB schemes that are “performing well” will be able to invest their surplus funds. A response to the DWP’s February 2024...
Like many pensions lawyers, I have spent much of my career talking about underfunded defined benefit schemes – section 75 debts, recovery plans, deficit reduction contributions, covenant, contingent assets, PPF entry, journey...
