The government has responded to the previous government's 2024 consultation on options in the DB context to provide better outcomes for members, drive a more consolidated market, and enable pension funds to invest in a...more
5/29/2025
/ Employee Benefits ,
Employer Liability Issues ,
Fiduciary Duty ,
New Regulations ,
Pension Schemes ,
Proposed Legislation ,
Regulatory Reform ,
Retirement Plan ,
The Pensions Regulator (TPR) ,
Trustees ,
UK
AT A GLANCE -
A new funding regime for defined benefit pension schemes in the United Kingdom came into force in September 2024. The new regime introduces a legal requirement for trustees to assess the strength of the...more
3/31/2025
/ Employee Benefits ,
Employer Liability Issues ,
New Guidance ,
Pensions ,
Regulatory Reform ,
Regulatory Requirements ,
Retirement Plan ,
Risk Management ,
The Pensions Regulator (TPR) ,
Trustees ,
UK
What is happening?
From 6 April 2024, the LTA will be abolished and a new regime for the taxation of lump sums and lump sum death benefits will be introduced. This is the most significant change to the UK pensions tax...more