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Pensions Hub

Pensions Regulator: Chief executive outlines changing role of Regulator

Pensions Regulator: Chief executive outlines changing role of Regulator

On March 12, 2024, the Chief Executive of the Regulator, Nausicaa Delfas, delivered a speech on the changes to the pensions sector and how the Regulator is responding.

United Kingdom | Publication | March 27, 2024

Pensions Ombudsman: member’s complaint of unsuitable SSAS investment succeeds against independent trustee

The Pensions Ombudsman has upheld a complaint by a member trustee of a small self-administered pension scheme (SSAS) against Rowanmoor Trustees Limited (RTL). The member claimed that RTL, as an independent trustee, had failed to conduct sufficient due diligence on the scheme's investment. The Ombudsman agreed. However, the claim against Rowanmoor Group plc (Rowanmoor) as scheme administrator was not upheld, as the Ombudsman determined that it was not responsible for carrying out the level of due diligence suggested by the complainant.

United Kingdom | Publication | February 26, 2024
Government responds to 2022 consultation on VAT treatment of fund management services

Government responds to 2022 consultation on VAT treatment of fund management services

On December 14, 2023, in a written statement, the Financial Secretary to the Treasury published HMRC's summary of responses to its technical consultation on the VAT treatment of fund management services. This is mainly of interest for DC schemes.

United Kingdom | Publication | January 15, 2024
NEST consults on proposed amendments to its scheme rules

NEST consults on proposed amendments to its scheme rules

On November 16, 2023, the NEST Corporation launched a consultation on two proposed amendments to the National Employment Savings Trust (NEST) scheme rules.

United Kingdom | Publication | November 27, 2023
Pensions Regulator outlines key challenges to transforming DC schemes into

Pensions Regulator outlines key challenges to transforming DC schemes into "full-service providers"

In a blog post published on November 15, 2023, the Regulator outlined its strategy to transform UK workplace DC schemes into "full-service providers" that will provide support to members when saving into a pension, accessing their savings and post-retirement.

United Kingdom | Publication | November 27, 2023
Regulator chief executive’s speech on accessing DC pensions

Regulator chief executive’s speech on accessing DC pensions

On November 1, 2023, at the launch of a new PPI report, the Regulator published a speech in which Nausicaa Delfas on lessons the UK can take from other countries’ approach to DC decumulation.

United Kingdom | Publication | November 13, 2023
Clara Pensions agrees UK's first superfund deal

Clara Pensions agrees UK's first superfund deal

On November 6, 2023, the trustees of the £590m Sears Retail Pension Scheme reached an agreement to enter into the UK’s first ever superfund transaction with Clara Pensions. A superfund is an arrangement set up to consolidate DB schemes’ liabilities, in which the link to the sponsoring employer is severed following transfer.

United Kingdom | Publication | November 13, 2023
Employment Tribunal determines method of calculating pension loss in successful unfair dismissal case

Employment Tribunal determines method of calculating pension loss in successful unfair dismissal case

When calculating the future pension losses for a successful claim for unfair dismissal, the Employment Tribunal ruled in Jhuti v Royal Mail Group that it was appropriate to use the Ogden tables 3-18 (multiplier for loss of earnings).

United Kingdom | Publication | August 10, 2023
An industry divided: What pensions professionals do not agree on

An industry divided: What pensions professionals do not agree on

The Norton Rose Fulbright pensions team surveyed those attending its latest webinar on four of the topics under discussion. We thought the outcome of the votes was interesting enough to share.

United Kingdom | Publication | August 03, 2023

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

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