Lesley Browning

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UK Pensions: Flurry of pensions-related announcements in Autumn Statement

By Lesley Harrold, Giannis Waymouth and Lesley Browning on November 23, 2023 Posted in UK

The Chancellor’s Autumn Statement on November 22, 2023, included a long list of pensions announcements, although only the first three set out below have a firm starting date of April 6, 2024. Consultations, responses, calls for evidence or reviews were published on: Comment After years of initiatives around the edges of forcing consolidation of pension … Continue reading

UK Pensions | Rethinking Notifiable Events

By Lesley Browning on March 17, 2022 Posted in UK

Given that April 6, 2022 was the date set out in the new draft notifiable events regulations it seems distinctly odd that there has been complete silence since the consultation closed last October. I am hoping the silence is down to legislators having a long hard think about whether the drafting is fit for purpose … Continue reading

UK Pensions: The road to compliance is paved with good intentions… and practical problems

By Lesley Browning on January 13, 2022 Posted in UK

I read with interest the blog post by Nicola Parish, TPR’s Executive Director of Frontline Regulation, on December 8, 2021, where she warned trustees of DB schemes to be vigilant in the current economic climate. Nicola emphasised the need for strong, open relationships with employers and I think she is spot on with that comment. … Continue reading

Talking Turkey – Salvation for Investors from UK Defined Benefit Schemes?

By Lesley Browning on August 3, 2020 Posted in UK

The UK Pensions Regulator has offered some comfort to investors and funds which may have been deterred from investing in UK companies with historic defined benefit liabilities. It is unusual, as a matter of English law, for the corporate veil to be capable of being pierced – normally the liability incurred by one group company … Continue reading

UK Pensions – is the current annual allowance limit unfair and unworkable?

By Lesley Harrold and Lesley Browning on August 13, 2019 Posted in UK

UK Pensions – is the current annual allowance limit unfair and unworkable? The Revenue has been forced, finally, to face up to the fact that the annual allowance changes in relation to pensions contributions which attract tax relief, and which were brought into force in April 2016, are unfair and unworkable. The Treasury announced on … Continue reading