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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 | November 2021
On November 9, 2021 HM Treasury published a consultation paper which sets out the Government’s response to the feedback received in response to a previous consultation on the Future Regulatory Framework (FRF) Review which was established to consider how the financial services regulatory framework should adapt to be fit for the future, and in particular to reflect the UK’s new position outside of the EU. The consultation paper takes into account the public and Parliamentary debate and sets out a series of proposals for how the Government intends to take forward its approach to the FRF Review.
The proposals include the following:
The consultation paper sets out the Government’s proposed approach to these issues, and seeks views on a number of key considerations within them.
Responses are requested by February 9, 2022.
On November 4, 2021 Institutional Shareholder Services Inc. (ISS”) announced the launch of its open comment period on proposed changes to its benchmark voting policies. Comments are requested by November 16, 2021.
The changes proposed by ISS to its UK and Ireland Benchmark Policy are as follows:
(ISS: Proposed ISS Benchmark Policy changes for 2022 – Request for comments, 04.11.2021)
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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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