Tag archives: pensions regulator

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

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: Use of reasonable [en]force[ment] – unnerving for those on the receiving end?

Speaking to banking colleagues recently about what the Pensions Regulator’s stronger powers mean for them reminded me just how much turns on the Regulator’s view of what is reasonable. There has been a great deal of discussion about the wide range of circumstances in which the Regulator could use its various powers (what the Regulator … Continue reading

UK Pensions | Rethinking Notifiable Events

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

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

UK Pensions: Should the Pensions Regulator provide clearer guidance on when it might use its new enforcement powers?

It was great to attend “in person” the Association of Pension Lawyers annual conference in Brighton last week. A speaker suggested it would be helpful if the Pensions Regulator were to provide clearer guidance on when it might use its new enforcement powers, in particular by giving more specific examples and thresholds. I can see … Continue reading

UK Pensions: SIPs for small schemes: law-making through the back door?

Last week’s interim consultation response from the Pensions Regulator addressed a common concern about the “Funding and Investment” section of the draft single Code of Practice: it confirmed that it would drop its proposal for a 20% cap on unregulated investments. This is a point that we are aware had been troubling some larger pension … Continue reading

UK Pensions: DB Funding Statement 2020: NRF survey gives the Pensions Regulator a thumbs-up

DB Funding Statement 2020: NRF survey gives the Pensions Regulator a thumbs-up Sophy Lelliott, a trainee in our pensions team writes: the UK Pensions Regulator published its annual funding statement later than usual on 30 April 2020. The Statement is aimed at trustees and sponsoring employers of defined benefit (DB) schemes with valuation dates between … Continue reading

UK Pensions: Regulator’s warning that member transfer requests during the pandemic may be a poor decision

UK Pensions: Regulator’s warning that member transfer requests during the pandemic may be a poor decision Adding to its already impressive haul of Covid-19 related publications to date, on 29 April 2020, the Pensions Regulator published further trustee guidance Communicating with members when they request a transfer or to access benefits. Pension scheme members seeking a … Continue reading
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