This page focuses on regulatory developments – how the Pensions Regulator and the Financial Conduct Authority are using their moral hazard and other powers, evolving expectations and guidance, areas of regulatory focus and future initiatives.

Pensions Hub

Pensions Regulator warns that

Pensions Regulator warns that "pensions schemes must get the basics right"

The Regulator’s Chief Executive has told the industry that schemes must get the basics right on data quality to deliver on key areas such as pensions dashboards and value for money.

United Kingdom | Publication | May 29, 2024
HMRC publishes further guidance on LTA abolition in Newsletter 159

HMRC publishes further guidance on LTA abolition in Newsletter 159

On April 25, 2024, HMRC published the latest edition of its pension schemes newsletter.

United Kingdom | Publication | May 14, 2024
Draft Securitisation (Amendment) Regulations published

Draft Securitisation (Amendment) Regulations published

On April 22, 2024, draft Securitisation (Amendment) Regulations 2024 were published. They amend the Securitisation Regulations 2024 (made on January 29, 2024) which form part of HM Treasury’s programme to deliver a Smarter Regulatory Framework for financial services.

United Kingdom | Publication | May 14, 2024
Abolition of the lifetime allowance: HMRC pension schemes newsletters 157 and 158

Abolition of the lifetime allowance: HMRC pension schemes newsletters 157 and 158

The lifetime allowance was abolished with effect from April 6, 2024. HMRC has published two newsletters on the topic, and also confirms that further minor technical changes are to be made in additional regulations later this year.

United Kingdom | Publication | April 15, 2024
Pensions Dashboards: FCA consults on regulatory framework for pensions dashboard service companies

Pensions Dashboards: FCA consults on regulatory framework for pensions dashboard service companies

The FCA has launched a consultation on new guidance to help companies understand the scope of the new regulated activity of operating a pensions dashboard service.

United Kingdom | Publication | April 15, 2024
HMRC publishes latest issue of its LTA guidance newsletter

HMRC publishes latest issue of its LTA guidance newsletter

Published on March 15, 2024, the most recent issue of the LTA guidance newsletter is now available from HMRC. Set out in the same format as the previous versions, it sets out information in Q&A format.

United Kingdom | Publication | March 27, 2024
Pensions Regulator shares findings from value for members compliance exercise

Pensions Regulator shares findings from value for members compliance exercise

Under the Occupational Pension Schemes (Administration, Investment, Charges and Governance) (Amendment) Regulations 2021, which came into force in October 2021, trustees of DC schemes with total assets of less than £100 million must carry out a value for members (VfM) assessment.

United Kingdom | Publication | March 27, 2024
UK Pensions Briefing | The General Code and scheme governance – the big picture

UK Pensions Briefing | The General Code and scheme governance – the big picture

The Pensions Regulator’s General Code has arrived and will apply from March 27, 2024. In this briefing, we take a step back from the detail. We set out why the General Code really matters and how pension scheme trustees can best make it work for them.

Global | Publication | March 20, 2024
Finance Bill 2024 receives Royal Assent and regulations made abolishing lifetime allowance

Finance Bill 2024 receives Royal Assent and regulations made abolishing lifetime allowance

The Finance Bill 2024 had its second and third readings in the House of Lords on February 21, 2024. No amendments were made during these remaining Lords stages and the Bill received Royal Assent on February 22, 2024, becoming the Finance Act 2024.

United Kingdom | Publication | March 13, 2024


Contacts

Lesley Browning
Lesley Browning
Partner
Email
lesley.browning@nortonrosefulbright.com
T: +44 20 7444 2448 / +44 77 1030 3311
Shane O'Reilly
Shane O'Reilly
Partner
Email
shane.o'reilly@nortonrosefulbright.com
T: +44 (20) 74443895

Recent publications

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

Asset finance

Publication

GCR Guide to Data & Antitrust

Our lawyers in Brussels and London are the editors of the first edition of the Global Competition Review's Guide to Data & Antitrust published in May 2024 and have contributed two chapters.

Global | June 04, 2024

Antitrust and competition

Publication

The “WORLD DREAM” [2024] SGHC 56

The “WORLD DREAM” was a large cruise ship with a capacity for 5,000 passengers. She had a variety of facilities onboard for the entertainment of her passengers, including spas and swimming pools.

EMEA | June 04, 2024

Asset finance
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