1 October 2021 saw a material extension in The Pension Regulator's (TPR) powers. In the coming year, TPR will: gain additional powers (with an extension to its notifiable events regime to cover … [Read more...] about Extending TPR’s powers and A Single Code to guide them all
A new approach to funding defined benefit pension schemes takes final shape
In 2022, the DWP and TPR were expected to publish final regulations and guidance respectively on a new approach to funding defined benefit schemes. Recently, however, the DWP published a blog post … [Read more...] about A new approach to funding defined benefit pension schemes takes final shape
Environmental, social and governance (ESG) policies extend their reach
This year, climate change was a key focus for the pensions and wider investment industries. Glasgow hosted the 26th UN Climate Change Conference (COP26). In anticipation of its role as host, the UK … [Read more...] about Environmental, social and governance (ESG) policies extend their reach
A record-breaking year for pensions risk transfer
The last few years have seen pension scheme liabilities transferred in record-breaking numbers. Reports on the bulk annuity market highlighted trades totalling around £43 billion in 2019. Even the … [Read more...] about A record-breaking year for pensions risk transfer
Getting ready for a revolution in member communications and pensions dashboards
https://youtu.be/qQGCCNmt0p8 In 2022, there will be two key developments that will change member communications for certain schemes. In addition, the pensions industry will continue to make … [Read more...] about Getting ready for a revolution in member communications and pensions dashboards
Are you ready for the Pension Schemes Act 2021?
On 1 October 2021, key provisions of the Pension Schemes Act 2021 (PSA 2021) come into force. Trustees and sponsors of occupational pension schemes will be under a new regulatory regime as The Pension … [Read more...] about Are you ready for the Pension Schemes Act 2021?