This page will mainly be of interest to trustees and managers responsible for running a scheme. It focuses on evolving requirements for scheme administration, good governance, compliance and reporting.

Pensions Hub

The DB Funding Code and Funding Regulations – Regulator comments on timing

The DB Funding Code and Funding Regulations – Regulator comments on timing

For some time, the Regulator has been working with the DWP on updating the draft Occupational Pension Schemes (Funding and Investment Strategy and Amendment) Regulations 2023.

United Kingdom | Publication | December 18, 2023
Finance Bill published and further detail from HMRC on abolition of the lifetime allowance

Finance Bill published and further detail from HMRC on abolition of the lifetime allowance

Following confirmation in the Autumn Statement that the Government will legislate to abolish the LTA from April 6, 2024, HMRC has published a policy paper setting out further details.

United Kingdom | Publication | December 18, 2023
FCA and HM Treasury consult on closing “advice gap” as part of advice guidance boundary review

FCA and HM Treasury consult on closing “advice gap” as part of advice guidance boundary review

On December 8, 2023, the FCA and HM Treasury published a joint discussion paper setting out proposals to help people make more informed investment and pensions decisions. The proposals form part of the joint advice guidance boundary review.

United Kingdom | Publication | December 18, 2023
Regulations made restating effects of retained EU law pensions judgments

Regulations made restating effects of retained EU law pensions judgments

We have reported previously that the effects of retained EU law set out in various ECJ court judgments would need to be restated in regulations if they were not to “sunset” at the end of 2023 under the Retained EU Law (Revocation and Reform) Act 2023.

United Kingdom | Publication | December 18, 2023
Court of Appeal finds member died in service rather than retirement due to outstanding holiday entitlement

Court of Appeal finds member died in service rather than retirement due to outstanding holiday entitlement

In Campbell v NHS Business Services Authority [2023], the Court of Appeal dismissed an appeal that a late member had died in service rather than after retirement. It found that the Authority had not mishandled a member's application for commuted ill-health benefits.

United Kingdom | Publication | December 18, 2023
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
Chancellor announces plan to help pension funds' investments

Chancellor announces plan to help pension funds' investments

Chancellor Jeremy Hunt has announced a £320m plan to drive innovation and unlock the first tranche of investment under the Mansion House Reforms, including measures to build on the Venture Capital Investment Compact and further strengthen the UK’s venture capital industry.

United Kingdom | Publication | November 27, 2023
Bank of England progresses its “system-wide exploratory scenario exercise”

Bank of England progresses its “system-wide exploratory scenario exercise”

In June 2023, we reported that the Bank of England had announced the launch of its first system-wide exploratory scenario exercise and had published a related webpage.

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


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