Publication
Regulatory investigations and enforcement: Key developments
The past six months have seen a number of key changes in the regulatory investigations and enforcement space.
Pensions Regulator announces changes to the DC scheme return for 2024
United Kingdom | Publication | August 2024
The Regulator has issued an online announcement about upcoming changes to its DC scheme return.
Changes include new questions on the following topics:
- Scheme leavers - Schemes will be asked for information about members who have left the scheme over the 12-month period before the date of the most recently provided membership information. New questions include details on members transferring to master trusts or other schemes and those taking decumulation benefits, both using and not using a partnership arrangement.
- The scheme’s pensions dashboard primary contact.
There will also be updated questions on:
- Objectives for investment consultancy providers, including when the objectives were set and when they were last reviewed.
- Information about certain benefit types, including the number of members receiving each benefit and the asset value the members received.
The Regulator will send out scheme return notices from August 2024 up to the end of the year.
Partner
Email
lesley.browning@nortonrosefulbright.com
Recent publications
Publication
Pensions Ombudsman rejects claim for scam compensation when trustees had no duty of due diligence
In a recent determination, the Ombudsman rejected a scheme member’s claim that the trustees should have conducted due diligence on the receiving scheme before making a transfer in in 2014, as there was no duty of care on the trustees at the time of transfer.
Publication
Court of Appeal clarifies rules on compensation for "non-material" damage in data protection breaches
The Court of Appeal has confirmed that proof of disclosure to third parties is not required for data protection law breaches and that individuals’ rights are breached by unlawful “processing” alone.
Subscribe and stay up to date with the latest legal news, information and events . . .