News | February 14, 2023

PENSIONS COMPASS – Feb 2023

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Contents 

Part 1 – New Requirements for DB schemes funding and investment strategies: These far reaching new requirements still need much work – Clive Weber and Schuyler Hillbery help schemes understand the proposals’ present legal status. These proposals plus the proposed Single Code (see below) means TPR’s in – tray is very full. 

Part 2 – TPR’s Single Code of Practice: Where are we now? James Newcome brings readers up to date on TPR’s massive undertaking.

Part 3 – Final PPF Levy Rules for 2023/2024: Some good news but also points for schemes to keep an eye on, Paul Ashcroft reports.

Part 4 – Case report on the “Viavi” decision: Example of the High Court’s help in correcting (rectifying) scheme rules. Justin McGilloway explains the Court’s approach.

Part 5 – Pensions Ready Reckoner: Recent important legal developments in Parliament and the Courts, including the Court of Appeal’s decision in the McNamara bankruptcy case (Wedlake Bell acts for the scheme trustees).