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Pensions Regulator announces changes to the DC scheme return for 2024
The Regulator has issued an online announcement about upcoming changes to its DC scheme return.
United Kingdom | Publication | February 2024
The recent TMT World Congress brought together leaders and experts from across the digital infrastructure space to share their thoughts and ideas on the current and future landscape of the industry. Among the many issues discussed at the conference, panellists and speakers considered the challenges and opportunities shaping the crucial sectors of fibre and datacentres. This article provides insightful summaries of key discussions, focusing on the prominent issues raised by industry insiders, facing the datacentre and fibre markets.
Key datacentre trends and themes discussed at the conference included:
While there is no shortage of demand, which will be further fuelled by developments in AI, the industry continues to face a number of challenges including power and water usage, scarcity of land and exposure to macro-economic pressures. The environmental and social issues around datacentres create much opportunity for growth, but will require cooperation and collaboration within the industry and with local government and communities. Funding and pricing structures will likely adapt as the industry matures and explores solutions to some of these challenges.
Key issues throughout the conference included:
Publication
The Regulator has issued an online announcement about upcoming changes to its DC scheme return.
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On July 30, 2024, the Regulator published its market oversight report on how trustees are complying with their environmental, social and governance (ESG) duties, including in respect of climate change.
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We reported last month that the Court of Appeal had agreed with the High Court’s previous judgment that all rule amendments to contracted-out DB schemes between 1997 and 2013 require written actuarial certification. Three pensions professional bodies have now issued a joint statement on the effect of the ruling.
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