What’s happening on scheme investments, including climate change, other environmental, social and governance (ESG) issues, stewardship, voting and reporting. This will mainly be of interest to trustees and fund managers.

Pensions Hub

Chancellor announces pension fund reforms to boost UK business

Chancellor announces pension fund reforms to boost UK business

On March 4, 2024, ahead of this week’s Budget, Chancellor Jeremy Hunt announced pension fund reforms as another step in the Government’s plan to boost British business and increase returns for savers.

United Kingdom | Publication | March 13, 2024

Regulator’s report on impact of LDI crisis on DB pension schemes published by WPC

On February 7, 2024, the Work and Pensions Committee of the House of Commons published a lengthy report submitted by the Regulator on the impact DB schemes of the liability-driven investment (LDI) cri...

United Kingdom | Publication | February 26, 2024

Pensions Ombudsman: member’s complaint of unsuitable SSAS investment succeeds against independent trustee

The Pensions Ombudsman has upheld a complaint by a member trustee of a small self-administered pension scheme (SSAS) against Rowanmoor Trustees Limited (RTL). The member claimed that RTL, as an independent trustee, had failed to conduct sufficient due diligence on the scheme's investment. The Ombudsman agreed. However, the claim against Rowanmoor Group plc (Rowanmoor) as scheme administrator was not upheld, as the Ombudsman determined that it was not responsible for carrying out the level of due diligence suggested by the complainant.

United Kingdom | Publication | February 26, 2024

Financial Markets Law Committee publishes report on climate change and fiduciary duties

The Financial Markets Law Committee has published a report on pension scheme trustees’ evolving fiduciary duties and decision-making in relation to sustainability and climate change.

United Kingdom | Publication | February 13, 2024

DWP publishes its consultation response on the DB Funding and Investment Regulations

On January 29, 2024, the DWP published its long-awaited consultation response to the 2022 consultation on the Occupational Pension Scheme (Funding and Investment Strategy and Amendment) Regulations 2024, together with the final draft version of the Regulations.

United Kingdom | Publication | February 13, 2024
Regulator publishes private markets guidance for schemes

Regulator publishes private markets guidance for schemes

On January 24, 2024, the Regulator published new guidance for trustees of schemes investing in private markets.

United Kingdom | Publication | January 29, 2024
Pensions Regulator includes additional questions on liquidity and leverage arrangements on DB and hybrid scheme return

Pensions Regulator includes additional questions on liquidity and leverage arrangements on DB and hybrid scheme return

The Regulator has updated the questions in the DB and hybrid scheme return for defined benefit and hybrid pension schemes.

United Kingdom | Publication | January 29, 2024
PPF publishes final rules for 2024/25 levy year

PPF publishes final rules for 2024/25 levy year

On December 14, 2023, the PPF published its final levy rules for 2024/25 following its consultation in September.

United Kingdom | Publication | January 15, 2024
Government responds to 2022 consultation on VAT treatment of fund management services

Government responds to 2022 consultation on VAT treatment of fund management services

On December 14, 2023, in a written statement, the Financial Secretary to the Treasury published HMRC's summary of responses to its technical consultation on the VAT treatment of fund management services. This is mainly of interest for DC schemes.

United Kingdom | Publication | January 15, 2024


Recent publications

London skyscrapers

Publication

Essential Corporate News – Week ending 13 December 2024

On 10 December 2024, the Companies (Accounts and Reports) (Amendment and Transitional Provision) Regulations 2024 were laid before Parliament, together with an Explanatory Memorandum.

United Kingdom | December 12, 2024

Corporate, M&A and securities
London skyscrapers

Publication

Essential Corporate News – Week ending 6 December 2024

On 28 November 2024, the Financial Conduct Authority (FCA) published CP24/2, Part 2 in relation to its controversial ‘name and shame’ proposals, having trailed this in oral evidence before the House of Lords Financial Services Regulation Committee earlier in November.

United Kingdom | December 06, 2024

Corporate, M&A and securities
Large shipping vessel with containers

Publication

Can a charterer procure the release of a laden vessel arrested by a mortgagee bank?

As previously observed, conflicts occasionally arise between mortgagees and charterers where a mortgagee wishes to take prompt action to enforce its rights, but the charterer wishes such enforcement action to be deferred until the end of the charter.

Global | December 05, 2024

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