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

HMRC publishes pension schemes newsletter 160

HMRC publishes pension schemes newsletter 160

The latest pension schemes newsletter was published on May 30, 2024, and includes a link to a new online tool for savers to check whether they can apply for a transitional tax-free amount certificate, where they used some of their lifetime allowance before April 6, 2024.

United Kingdom | Publication | 12 juin 2024
Pensions Ombudsman sets out changes to its operating method

Pensions Ombudsman sets out changes to its operating method

The Pensions Ombudsman has published a review of its operating model and explains how it plans to reduce the level of case backlog over the next three years, with improvements being seen in 12-18 months.

United Kingdom | Publication | 12 juin 2024
PASA publishes trustee guidance on data presence and accuracy

PASA publishes trustee guidance on data presence and accuracy

The Pensions Administration Standards Association Data Working Group has published new guidance which sets out why data should not just be present but accurate, and provides suggestions on how trustees can improve and maintain their data accuracy.

United Kingdom | Publication | 12 juin 2024
Changes to Pension Protection Fund valuation assumptions for Smaller Schemes

Changes to Pension Protection Fund valuation assumptions for Smaller Schemes

The PPF has published its response to its recent consultation on changes to the actuarial assumptions for section 143 and section 152 valuations. These valuations relate to smaller schemes with less than £50 million in liabilities. On the previous assumptions, such schemes could have been overfunded and therefore ineligible for PPF entry. They could still, however, have been unable to obtain an affordable buy-out quotation for PPF levels of compensation. The proposed changes came into effect on May 31, 2024.

United Kingdom | Publication | 12 juin 2024
PRA consults on greater Financial Services Compensation Scheme coverage

PRA consults on greater Financial Services Compensation Scheme coverage

The Prudential Regulation Authority is consulting on rule amendments to increase Financial Services Compensation Scheme coverage on pension scheme buy-outs applying to individuals who have moved abroad. The proposal is to make the changes by the end of the year and the consultation closes on May 30, 2024.

United Kingdom | Publication | 29 mai 2024
SPP publishes analysis of proposals for the lifetime provider model

SPP publishes analysis of proposals for the lifetime provider model

The Society of Pension Professionals has published an analysis of proposals for a lifetime pension savings pot that would operate throughout an individual’s working life irrespective of job changes.

United Kingdom | Publication | 29 mai 2024
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 | 29 mai 2024
Pensions Ombudsman’s blog outlines the year’s priorities

Pensions Ombudsman’s blog outlines the year’s priorities

The Pensions Ombudsman’s chief operating officer, Robert Loughlin, has published a blog highlighting plans for tackling its historical caseload and reducing waiting times.

United Kingdom | Publication | 29 mai 2024
Pensions Regulator publishes overview of the UK’s occupational DC trust-based landscape

Pensions Regulator publishes overview of the UK’s occupational DC trust-based landscape

The Regulator’s annual report on the occupational DC trust-based landscape reports on the sector’s memberships and assets.

United Kingdom | Publication | 29 mai 2024


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

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