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International Restructuring Newswire
Welcome to the Q2 2025 edition of the Norton Rose Fulbright International Restructuring Newswire.
Further DC consolidation paused
United Kingdom | Publication | April 2022
The Government has announced it will not introduce further requirements to consolidate DC schemes in 2022.
This is following “mixed reactions” to a call for evidence in June 2021 on the desirability of further consolidation in the DC market.
The announcement was made as part of a wider Department for Work and Pensions (DWP) consultation on illiquid investments (see Further DWP proposals for DC schemes to invest in illiquid assets).
The DWP goes on to say its focus, together with the Pensions Regulator and Financial Conduct Authority (FCA), on a value-for-money framework will continue and the DWP will monitor developments following the introduction of the new value for members’ assessment.
Trustees should be aware that the DWP continues to monitor this area and further changes may be proposed in future years.
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Upcoming deadlines for complying with federal pay equity legislation
Another compliance deadline is approaching under the federal Pay Equity Act – federally regulated employers are required to file an annual statement with the Office of the Pay Equity Commissioner on or before June 30, 2025, if they posted a pay equity plan in the previous year.
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