News

PART 1 – Don’t forget 6 April 2024 – New Allowances replace the Lifetime Allowance (LTA)

From 6 April 2024 New Allowances replace the LTA regime. Simple enough, but applying the new Allowances and the interaction with any benefits taken pre – 6 April 2006 is… Read more →

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PART 2 – FUNDING AND INVESTMENT AMENDMENT REGULATIONS: WORTH THE WAIT?

Background The Department for Work and Pensions recently published the government’s response to its consultation on the defined benefit (“DB”) funding and investment regulations, alongside a revised draft of the… Read more →

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PART 3 – TPR’s General Code of Practice – Key highlights and action points for trustees

The Pensions Regulator (TPR) has recently published the final version of the long awaited General Code of Practice (the General Code).  We recently published an article setting out the main… Read more →

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PART 4 – Climate Update – The latest issues concerning pension scheme investment duties and decisions

The recent FMLC paper published on 6 February 2024 “Pension Fund Trustees and Fiduciary Duties – Decision-making in the context of Sustainability and the subject of Climate Change” throws a… Read more →

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PART 5 – REVISING SCHEME BENEFIT STRUCTURES – HIGH COURT EXAMINES UNDERPINS

The High Court has issued two recent judgments concerning the restructuring of pension schemes utilising the relevant powers of amendment, particularly the effect of restrictions/fetters on those powers.   AVON… Read more →

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PART 6 – Pensions Ready Reckoner March 2024

PARLIAMENT Effective Date Effect Bills (and Acts not yet in force) GMP Conversion – Conversion of GMPs Act (Royal Assent 28/4/2022) Not yet in force Facilitates converting GMPs once relevant… Read more →