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Nov 3, 2024 | 
mondaq.com | Susie Daykin |Daniel Gerring |Niamh Hamlyn |David James
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DB funding – statement of strategy etc.: The new DB funding regime has taken effect for valuations with effective dates on or after 22 September 2024.
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Aug 14, 2024 | 
professionalpensions.com | Daniel Gerring
To continue reading this article... Join Professional PensionsBecome a Professional Pensions Lite Member todayIn just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industryReceive important and breaking news stories via our two daily news alertsHear from industry experts and other forward-thinking leadersJoin now Login
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Jul 31, 2024 | 
lexology.com | Susie Daykin |Daniel Gerring |Niamh Hamlyn |David James |Dan Naylor |Chris Widdison | +1 more
9BRIEFINGPensions RadarPensions Radar is a quarterly listing of expected future changes in UK law affecting work-based pension schemes. Please speak to your usual Travers Smith contact if you would like to know more about any topics.
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Jul 29, 2024 | 
mondaq.com | Daniel Gerring |Niamh Hamlyn |David James |Dan Naylor
The Court of Appeal has given its judgment in the Virgin Media case. This
litigation concerns the validity of a rule amendment affecting
benefits in a DB contracted-out scheme which was made without
obtaining the actuary's written confirmation as required by
section 37 of the Pension Schemes Act 1993.
The question appealed was whether a confirmation was required
for changes to future service benefits or just past service
benefits.
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Jul 29, 2024 | 
mondaq.com | Susie Daykin |Daniel Gerring |Niamh Hamlyn |David James
The Court of Appeal has given its ruling in the Virgin Media
case (see our
alert). This concerned the validity of a rule amendment
affecting benefits in a defined benefit contracted-out scheme which
was made without obtaining the actuary's written confirmation
that contracting-out requirements would still be met, as required
by section 37 of the Pension Schemes Act 1993. Such confirmations
were required for amendments made between 6 April 1997 and 5 April
2016.
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Jul 29, 2024 | 
mondaq.com | Susie Daykin |Daniel Gerring |Niamh Hamlyn |David James
Listen to the introduction to What's Happening in Pensions -
Issue 110.
In this issue:
New Labour Government: The King's Speech
at the opening of the new Parliament announced a new Pension
Schemes Bill, which will take up many of the last Government's
unfinished pensions initiatives. There will also be a bigger
picture pensions review, looking at how and where pension fund
assets are invested and, later, member outcomes.
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Jul 2, 2024 | 
lexology.com | Susie Daykin |Daniel Gerring |Niamh Hamlyn |David James |Andy Lewis |Dan Naylor | +2 more
This briefing is for trustees and managers of DC occupational pension schemes. It outlines the latest legal developments and ongoing initiatives in the DC world, with links to issues of our regular publication 'What's Happening in Pensions' (WHiP) and other resources for those who want to read more. Please subscribe to our alerts to receive regular updates on pensions developments.
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Jun 6, 2024 | 
mondaq.com | Susie Daykin |Daniel Gerring |Niamh Hamlyn |David James
The General Election that will take place on 4 July 2024 has
caused government to be paused. There can now be no new legislation
until after the new Parliament begins. The pre-election period of
sensitivity (previously commonly referred to as 'purdah')
also means that there should be no policy announcements from
Government departments. It is also normal for bodies such as the
Pensions Regulator to pause any public activity that could have a
political angle.
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May 1, 2024 | 
mondaq.com | Susie Daykin |Daniel Gerring |Niamh Hamlyn |David James
The Pensions Regulator's
General Code of Practice(the Code) took effect
on 28 March 2024.
This briefing covers the section of the Code relating
toReporting to the Regulator, which includes
detail on:
Registrable information and scheme returns, and updating this
information.
Whistleblowing – reporting breaches of the law.
Reporting payment failures.
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Apr 30, 2024 | 
lexology.com | Susie Daykin |Daniel Gerring |Niamh Hamlyn |David James |Andy Lewis |Dan Naylor | +1 more
Pensions Radar is a quarterly listing of expected future changes in UK law affecting work-based pension schemes. BRIEFINGPensions RadarPensions Radar is a quarterly listing of expected future changes in UK law affecting work-based pension schemes. Please speak to your usual Travers Smith contact if you would like to know more about any topics.
