ISSUES AFFECTING ALL SCHEMES -
COMPANY DIRECTORS – IDENTITY VERIFICATION REQUIREMENTS -
Companies House has announced that the identity verification requirements under the Economic Crime and Corporate Transparency Act...more
8/13/2025
/ Corporate Transparency Act ,
Employee Benefits ,
HMRC ,
Inheritance Tax ,
New Guidance ,
New Legislation ,
Pensions ,
Regulatory Requirements ,
Retirement Plan ,
The Pensions Regulator (TPR) ,
UK
The government has responded to its consultation on its proposal that from 6 April 2027, most death benefits paid from registered pension schemes (whether DB or DC) will form part of the deceased member’s estate for...more
The government has also published a roadmap setting out its overarching aims for its reforms to workplace pensions as well as indicative timing for implementation of the Bill. The roadmap indicates that the reforms will come...more
7/9/2025
/ Data Protection ,
Employee Benefits ,
Financial Regulatory Reform ,
New Legislation ,
Pensions ,
Proposed Legislation ,
Regulatory Reform ,
Regulatory Requirements ,
Retirement ,
Sustainability ,
The Pensions Regulator (TPR) ,
Trustees ,
UK
AT A GLANCE -
The government will make release of surplus from ongoing defined benefit (DB) pension schemes easier....more
HMRC has announced a new policy on the recovery by employers of VAT charged on investment services provided to their DB pension schemes.
Until 18 June 2025, the extent to which an employer could recover any VAT paid on...more
6/26/2025
/ Employee Benefits ,
HMRC ,
Investment ,
New Guidance ,
Pensions ,
Retirement Plan ,
Tax Planning ,
Taxation ,
Trusts ,
UK ,
Value-Added Tax (VAT)
The long-awaited Pension Schemes Bill has been laid before Parliament. Described by the government as a "game changer", it aims to increase members' pension pots and deliver a £50 billion investment into the UK economy. The...more
The government has announced that it will pass legislation to give pension schemes affected by the Virgin Media ruling the power to obtain retrospective actuarial confirmation that historic changes to contracted-out benefits...more
The Pensions Regulator (TPR) has published guidance for trustees on new models and options for DB and hybrid pension schemes. While some of these are endgame options, the guidance also covers options for improving financial...more
ISSUES AFFECTING ALL SCHEMES -
MARKET VOLATILITY – PENSIONS REGULATOR REPORT -
The Pensions Regulator (TPR) has published a market oversight report on market volatility and what trustees should do, which sets out how...more
The government has published the Final Report of its Pensions Investment Review, together with a response to its consultation on unlocking the UK pensions market for growth. These confirm that the government will proceed with...more
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
ISSUES AFFECTING ALL SCHEMES -
PENSIONS DASHBOARDS – PREPARATIONS FOR CONNECTION -
As part of its campaign to get the pensions industry “dashboards-ready”, the Pensions Regulator (TPR) has released a series of short...more
5/12/2025
/ Climate Change ,
Employee Benefits ,
Environmental Social & Governance (ESG) ,
Government Agencies ,
New Regulations ,
Pensions ,
Regulatory Oversight ,
Regulatory Requirements ,
Retirement Plan ,
The Pensions Regulator (TPR) ,
UK
The Pensions Regulator (TPR) has published its 2025 funding statement. It is targeted at DB schemes undergoing valuations with effective dates between 22 September 2024 and 21 September 2025. However, it is relevant to all DB...more
Pensions dashboards – finalised standards and guidance -
The following dashboards standards have been finalised and have received ministerial approval...more
4/9/2025
/ Compensation & Benefits ,
Employee Benefits ,
Filing Requirements ,
New Guidance ,
New Regulations ,
Pension Schemes ,
Pensions ,
Regulatory Requirements ,
Reporting Requirements ,
Retirement Plan ,
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
The Economic Crime and Corporate Transparency Act 2023 (the Act) is part of a legislative package to increase corporate transparency, improve the integrity of information filed at Companies House and thereby prevent the abuse...more
ISSUES AFFECTING ALL SCHEMES -
PENSION SCAMS – UPDATED MEMBER LEAFLET -
The Pensions Regulator (TPR) has updated its member leaflet on pension scams to remove the reference to Pension Wise....more
3/13/2025
/ Compliance ,
Employee Benefits ,
Fiduciary Duty ,
Financial Services Industry ,
Mergers ,
Pensions ,
Regulatory Requirements ,
Reporting Requirements ,
Risk Management ,
The Pensions Regulator (TPR) ,
Trustees ,
UK
ISSUES AFFECTING ALL SCHEMES -
PENSION SCAMS – MEMBER LEAFLET -
The Pensions Regulator (TPR) has updated its member leaflet on pension scams so that it is branded from the Pension Scams Action Group rather than TPR. The...more
ISSUES AFFECTING ALL SCHEMES -
PENSIONS DASHBOARDS – UPDATED AND NEW GUIDANCE -
The Pensions Regulator (TPR) has updated its guidance on pensions dashboards to bring it in line with external developments and to address...more
The Pensions Regulator (TPR) has published updated guidance for trustees on employer covenant assessment. The guidance represents the final piece in the new DB funding regime which came into force earlier this year. While TPR...more
ISSUES AFFECTING ALL SCHEMES -
PENSIONS DASHBOARDS – UPDATED STANDARDS -
The Pensions Dashboards Programme has published updated versions of: -
The dashboards code of connection – This sets out how schemes and...more
The Chancellor, Rachel Reeves, used her inaugural Mansion House speech to outline potentially the most significant pensions reforms for many years. The main focus is on multi-employer DC trust-based pension schemes,...more
The Autumn Budget announced that from 6 April 2027, the majority of death benefits paid from registered pension schemes (whether DB or DC) will form part of the deceased member’s estate for inheritance tax (“IHT”) purposes....more
11/8/2024
/ Budgets ,
Compensation & Benefits ,
Death Benefits ,
Employee Benefits ,
Employees ,
Inheritance Tax ,
International Labor Laws ,
Pension Schemes ,
Pensions ,
Retirement Plan ,
UK
The Autumn Budget contained the following key announcements affecting occupational pension schemes...more
The UK National Cyber Security Centre has published guidance on effective communications in a cyber incident. While targeted at organisations generally, rather than explicitly at pension scheme trustees, the guidance contains...more