We look at developments relating to employer covenant strength and scheme funding.  This includes issues such as contingent assets, corporate restructurings, financial distress and insolvency.

Pensions Hub

DB scheme funding: funding and investment strategy regulations now in force

DB scheme funding: funding and investment strategy regulations now in force

On April 6, 2024, the new DB scheme funding regulations came into force, setting out the revised DB funding framework which includes the requirement for schemes to have a funding and investment strategy.

United Kingdom | Publication | April 15, 2024
ESMA issues statement on deprioritising supervisory actions on clearing for pension schemes while EMIR changes finalised

ESMA issues statement on deprioritising supervisory actions on clearing for pension schemes while EMIR changes finalised

The European Securities and Markets Authority has published a statement on deprioritising supervisory actions linked to pension schemes’ clearing obligations pending the finalisation of the EMIR review.

United Kingdom | Publication | April 15, 2024
Pension Protection Fund publishes blog on supporting overfunded schemes and Clara takes over the Debenhams scheme

Pension Protection Fund publishes blog on supporting overfunded schemes and Clara takes over the Debenhams scheme

The PPF has published a blog sharing its experience of working with overfunded schemes (that is, on a PPF basis) that enter the PPF’s assessment period and how it is helping them to achieve the best possible outcomes for members.

United Kingdom | Publication | March 27, 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
PPF publishes latest version of The Purple Book

PPF publishes latest version of The Purple Book

The PPF has published the 18th edition of The Purple Book, which provides data and analysis of the UK DB pension landscape.

United Kingdom | Publication | December 18, 2023
UK Pensions Briefing: The General Data Protection Regulation: Five years on

UK Pensions Briefing: The General Data Protection Regulation: Five years on

May 25, 2023, marked the five-year anniversary of the General Data Protection Regulation (GDPR) coming into force. Post-Brexit, the GDPR was transposed into UK law by way of the European Union (Withdrawal) Act 2018 and the European Union (Withdrawal Agreement) Act 2020.

United Kingdom | Publication | November 17, 2023
Updated TPR guidance on Regulated Apportionment Arrangements

Updated TPR guidance on Regulated Apportionment Arrangements

The Pensions Regulator (TPR) has published an update to its guidance on Regulated Apportionment Arrangements (RAAs), replacing its earlier guidance published in 2010 and its subsequent 2017 ‘quick guide’.

United Kingdom | Publication | October 11, 2023
UK Pensions Briefing | Pensions issues for lenders to UK companies

UK Pensions Briefing | Pensions issues for lenders to UK companies

There are three main categories of pension provision in the UK: state pension provision, personal pension schemes and occupational pension schemes. The type of pension scheme that can raise issues for lenders is the “occupational pension scheme”.

United Kingdom | Publication | September 21, 2023
PPF publishes consultation on 2024/25 levy rules

PPF publishes consultation on 2024/25 levy rules

On September 11, 2023, the PPF published its consultation on the 2024/25 levy rules. Owing to the PPF’s “very strong financial position”, the consultation reveals reduction of around 50 per cent from the 2023/24 year to £100m of the levy estimate in 2024/25.

United Kingdom | Publication | September 14, 2023


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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

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