Publication
UK Pensions Briefing | A shake up of all things DC, starting with retirement options
DC pension saving will see new duties, new standards and greater support for savers. We look at decumulation first.
United Kingdom | Publication | March 2025
On March 17, 2025, HM Treasury published a policy paper setting out its action plan for the Government's next steps in ensuring regulators and regulation support economic growth and innovation. The Pensions Regulator has made several pledges to tackle the complexity and burden of pension regulation.
In addition, the Government has committed to reducing uncertainty across the regulatory system and challenging "excessive risk aversion". More specifically, Annex A to the action plan sets out 60 "key regulator pledges" made by regulatory bodies including the Pensions Regulator, the FCA, the PRA, the Information Commissioner's Office and the Environment Agency. To be included in this list, the action plan says that a pledge must have a "tangible effect" on driving growth and investment and be implementable within the next 12 months.
Those made by the Pensions Regulator include:
The Treasury’s view is that over time, billions of pounds of regulatory cost have contributed to the UK economy being less competitive and less attractive for new investment than it could be. It is suggested that the impact of red-tape costs could be as high as 3-4 per cent of GDP, or around £70bn, despite multiple attempts to cut back regulatory burdens.
Publication
DC pension saving will see new duties, new standards and greater support for savers. We look at decumulation first.
Publication
This is the first in a series of quarterly updates from the NFRA NSW Environment and Planning team and provides a snapshot of key recent decisions and legislative and policy changes in the area of compensation and valuation, particularly under the Land Acquisition (Just Terms Compensation) Act (1991) (NSW) (Just Terms Act) but also under other relevant legislation.
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