In this latest blog on the Government’s Mansion House reforms, we consider regulatory restrictions on pension scheme investment and what they mean for the Government’s agenda. So, what are the implications for the recently announced Manion House Accord and the new Pension Schemes Bill?
Alongside trustees’ fiduciary duties (more on which you can read in
On 29 May 2025, the Government published the outcome of its February 2024 consultation on options for DB schemes. In a previous blog, we examined some of the key regulatory obstacles to unlocking DB scheme surplus, and explored some ways this could be made easier. But what does the Government think? We take a
In this our latest blog on Mansion House reforms, we turn from DC to DB, and more specifically to those record surpluses that many schemes are now enjoying.
These have understandably caught the eye of the Government. Imagine what UK plc could do with a £150bn cash injection – and imagine the tax on it.
In this third blog on the Mansion House reforms, by way of an update to our second, we turn our attention to the new Mansion House Accord and how it relates to the old Mansion House Compact. This is a different strand of Government policy – it is not legally binding, but rather a voluntary
In our first blog on the Government’s Mansion House reforms we considered the humble fiduciary duty, and its potential to deter trustees from investing in UK growth assets.
In this second blog we turn our attention to proposed changes to the Mansion House Compact. This is a different strand of Government policy – the Compact
On September 8, 2021, the Department of Work and Pensions began its consultation on the proposed drafting of regulations in relation to the Pensions Regulator’s ‘notifiable events’ regime.
The proposed changes included the introduction of two new employer-related notifiable events, an amendment to an existing employer-related notifiable event and the deletion of an existing employer-related
This is the first in a series of blogs about the Government’s Mansion House reforms, and its goal to get pension schemes doing more for the UK economy.
Perhaps the biggest challenge to the Government’s ambition for pension schemes to drive UK growth is the humble fiduciary duty. Put simply, trustees must choose investments that
The expression “reasonable certainty” is used in the Pensions Act 2004 and the Recovery Plan section of the DB funding code – it is also used more than 50 times in the updated guidance, but is not defined.
If you think how this works will be explained in the Pension Regulator’s updated guidance, think again.
The Pensions Regulator has, for many years, campaigned to reduce the number of pension transfer scams. Its efforts appear to be having an effect. Cold calling, a typical sign of a scam, is decreasing and the number of UK savers receiving unsolicited approaches about their pensions fell from around 20% in 2017 to 7% in
