This page focuses on developments that will mainly affect and be of interest to corporate sponsors of pension schemes.

Pensions Hub

PPF partners with Aviva to protect hybrid scheme members’ DC benefits

On February 8, 2024, the PPF announced that it has partnered with Aviva, who will provide a DC discharge solution for hybrid schemes

United Kingdom | Publication | February 26, 2024

PPF levy deadlines for 2024/25

The general submission deadline for taking action to minimise the 2024/25 PPF levy is midnight on March 31, 2024. Schemes should note that this is Easter Sunday and the Friday before is a bank holiday, meaning action will need to be taken in advance of the deadline.

United Kingdom | Publication | February 26, 2024

2024 UK Corporate Governance Code: no changes to pensions provisions

The 2024 Corporate Governance Code was published by the Financial Reporting Council on January 22, 2024, and is the key source of corporate governance recommendations for companies with a premium list...

United Kingdom | Publication | February 26, 2024
UK Pensions Briefing: The final Funding and Investment Strategy Regulations – what has changed?

UK Pensions Briefing: The final Funding and Investment Strategy Regulations – what has changed?

After a long wait, the final version of the Occupational Pension Schemes (Funding and Investment Strategy and Amendment) Regulations 2024 was laid before Parliament on January 29, 2024.

United Kingdom | Publication | February 22, 2024

HMT publishes Securitisation Regulations

On January 30, 2024, HM Treasury published the Securitisation Regulations 2024. The explanatory memorandum to the Regulations notes that the FCA, rather than the Regulator as previously, will have responsibility for supervising securitisations by pension schemes.

United Kingdom | Publication | February 13, 2024

PPF publishes Levy Ceiling Order 2024

On January 30, 2024, the PPF published its annual levy ceiling Order, which will apply from April 6, 2024.

United Kingdom | Publication | February 13, 2024

DWP publishes its consultation response on the DB Funding and Investment Regulations

On January 29, 2024, the DWP published its long-awaited consultation response to the 2022 consultation on the Occupational Pension Scheme (Funding and Investment Strategy and Amendment) Regulations 2024, together with the final draft version of the Regulations.

United Kingdom | Publication | February 13, 2024
Pensions Ombudsman responds to Court of Appeal’s finding in CMG judgment

Pensions Ombudsman responds to Court of Appeal’s finding in CMG judgment

Following the recent decision of the Court of Appeal in The Pensions Ombudsman v CMG Pension Trustees Ltd & Anor, the Ombudsman stated that it was “disappointed ” that the Court had decided the Ombudsman was not a “competent court” for the purposes of concluding overpayment disputes where recoupment is sought.

United Kingdom | Publication | January 15, 2024
HMRC publishes new lifetime allowance guidance newsletter

HMRC publishes new lifetime allowance guidance newsletter

As we have previously reported, the Budget on March 15, 2023, announced the abolition of the lifetime allowance from the start of the 2024 to 2025 tax year.

United Kingdom | Publication | January 15, 2024


Recent publications

Publication

Europe steps up its fight against fraud

European watchdogs have long been focusing on enforcement against corporate crime with a great focus on anti-corruption, economic sanctions and money laundering.

Global | June 11, 2024

Antitrust and competition

Publication

Digital Markets, Competition and Consumers Act: Impact on competition litigation

The Digital Markets, Competition and Consumers Act (DMCC Act) received Royal Assent on 24 May 2024 and is generally expected to come into force in autumn this year.

EMEA | June 07, 2024

Antitrust and competition

Publication

What is a “ship”?

What appears to be a simple question is not as straightforward as one would think. One might take the view that it is just a matter of common sense whether something is a ship or not, yet it is difficult to define exhaustively what exactly a ship is, or the extent to which something forms part of a “ship”.

EMEA | June 04, 2024

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