This page will mainly be of interest to trustees and managers responsible for running a scheme. It focuses on evolving requirements for scheme administration, good governance, compliance and reporting.

Pensions Hub

Notifying the FCA when using investment labels under sustainability disclosure requirements

Notifying the FCA when using investment labels under sustainability disclosure requirements

On July 1, 2024, the Financial Conduct Authority updated its webpage on its sustainability disclosure requirements and investment labelling regime.

United Kingdom | Publication | July 12, 2024
Pensions Ombudsman publishes updated factsheet on signposting its complaints service

Pensions Ombudsman publishes updated factsheet on signposting its complaints service

The Pensions Ombudsman has published a revised factsheet with suggested wording that schemes can use to signpost members to its complaint service.

United Kingdom | Publication | July 11, 2024
General Election: Liz Kendall appointed new Secretary of State for Work and Pensions

General Election: Liz Kendall appointed new Secretary of State for Work and Pensions

The new Prime Minister, Sir Keir Starmer, has appointed Liz Kendall as the new Work and Pensions Secretary.

United Kingdom | Publication | July 11, 2024
Pensions Ombudsman provides more detail of its new operating practices in blog

Pensions Ombudsman provides more detail of its new operating practices in blog

In a blog post published on June 18, 2024, the Ombudsman has set out more about upcoming changes that will require future complainants to exhaust a scheme's formal internal dispute resolution process before bringing their case to the Ombudsman.

United Kingdom | Publication | June 27, 2024
Tribunal holds no exceptional circumstances prevented Regulator from imposing penalty notice for failure to prepare chair’s statement

Tribunal holds no exceptional circumstances prevented Regulator from imposing penalty notice for failure to prepare chair’s statement

There is a legal requirement for trustees of DC schemes to prepare an annual governance statement, signed by the chair of trustees, within seven months of the end of each scheme year. This is referred to as the "chair's statement".

United Kingdom | Publication | June 27, 2024
Former BHS directors found liable for wrongful trading

Former BHS directors found liable for wrongful trading

Two former BHS directors, Lennart Henningson and Dominic Chandler, have been fined more than £18m following a High Court ruling that they had breached their fiduciary duties ahead of the company’s collapse in April 2016.

United Kingdom | Publication | June 27, 2024
Ombudsman decides no unreduced early retirement rights due to TUPE transferred member

Ombudsman decides no unreduced early retirement rights due to TUPE transferred member

Mr R was an employee of AstraZeneca PLC and a member of the employer’s pension scheme when the employer announced proposed scheme changes in 2010, giving members two options:

United Kingdom | Publication | June 27, 2024
Changes to Pension Protection Fund valuation assumptions for Smaller Schemes

Changes to Pension Protection Fund valuation assumptions for Smaller Schemes

The PPF has published its response to its recent consultation on changes to the actuarial assumptions for section 143 and section 152 valuations. These valuations relate to smaller schemes with less than £50 million in liabilities. On the previous assumptions, such schemes could have been overfunded and therefore ineligible for PPF entry. They could still, however, have been unable to obtain an affordable buy-out quotation for PPF levels of compensation. The proposed changes came into effect on May 31, 2024.

United Kingdom | Publication | June 12, 2024
PASA publishes trustee guidance on data presence and accuracy

PASA publishes trustee guidance on data presence and accuracy

The Pensions Administration Standards Association Data Working Group has published new guidance which sets out why data should not just be present but accurate, and provides suggestions on how trustees can improve and maintain their data accuracy.

United Kingdom | Publication | June 12, 2024


Recent publications

88th Texas Legislature 2023 healthcare legislative update

Publication

Health Canada’s recall shake-up: navigating mandatory orders and reporting requirements for medical devices

New and clarified requirements for recalls under the Food and Drug Regulations and Medical Devices Regulations (MDR) are in force as of December 14, 2024.

Canada | January 9, 2025

Life sciences and pharmaceuticals
Oil tanker operation at oil and gas terminal

Publication

Tariffs 101: What you need to know about tariffs in the new Trump era

On November 25th, President-elect Trump pronounced via social media that he plans to impose a 25% tariff on all products imported into the United States from Canada and Mexico, among other countries, as one of his first executive orders on January 20, 2025.

Canada | January 8, 2025

WTO and international trade
office building

Publication

Tips for top circular disclosure in 2025

The Canadian Coalition for Good Governance (CCGG) has published its annual Best Practices guide, which includes examples of what it considers to be excellent proxy circular disclosure by Canadian reporting issuers.

Canada | January 8, 2025

Corporate governance
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