Key points The Pensions Regulator (TPR) has been taking a more assertive, interventionist approach to its engagement with sponsors and trustees of defined benefit (DB) pension schemes in the face … [Read more...] about Pension Schemes Act 2021 and increased regulatory powers
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Pension Schemes Act 2021 and collective defined contribution
Key points The Pension Schemes Act 2021 (the PSA 2021) establishes the legal framework for collective defined contribution (CDC) schemes. More detail will be forthcoming in secondary legislation … [Read more...] about Pension Schemes Act 2021 and collective defined contribution
Pension Schemes Act 2021 and pensions dashboards
Key points The Pension Schemes Act 2021 (PSA 2021) provides the legislative framework for pensions dashboards. The PSA 2021 only contains the broad structure to lay the legislative … [Read more...] about Pension Schemes Act 2021 and pensions dashboards
Pension Schemes Act 2021 and statutory right to transfer
Key points The Pension Schemes Act 2021 (PSA 2021) gives the government the power to make regulations on statutory transfer requests.The PSA 2021 sets out that the regulations may include new … [Read more...] about Pension Schemes Act 2021 and statutory right to transfer
Pension Schemes Act 2021 and scheme funding
Key points The Pension Schemes Act 2021 (PSA 2021) creates a new requirement for trustees of defined benefit (DB) schemes to have a scheme-specific funding and investment strategy.Trustees of DB … [Read more...] about Pension Schemes Act 2021 and scheme funding
UK House of Lords warns against complacency towards AI
The House of Lords, the UK's upper legislative chamber, has published a further report on Artificial Intelligence, focussing on ethical AI, safeguards over the use of data, support for jobs and new … [Read more...] about UK House of Lords warns against complacency towards AI