Duncan Watson

Aug 2, 2024 | jdsupra.com | Katherine Carter |Duncan Watson

Regulations came into force in 2023 that require trustees of occupational pension schemes that provide DC benefits other than additional voluntary contributions (“relevant schemes”) to include their policy on investment in illiquid assets in the statement of investment principles (“SIP”) for the scheme’s default arrangement. Trustees must comply with this requirement from the earlier of (a) the first occasion that the default arrangement SIP is updated after 1 October 2023 and (b) 1 October 2024.

Aug 2, 2024 | mondaq.com | Katherine Carter |Duncan Watson

Regulations came into force in 2023 that require trustees of occupational pension schemes that provide DC benefits other than additional voluntary contributions (“relevant schemes”) to include their policy on investment in illiquid assets in the statement of investment principles (“SIP”) for the scheme's default arrangement. Trustees must comply with this requirement from the earlier of (a) the first occasion that the default arrangement SIP is updated after 1 October 2023 and (b) 1 October 2024.

Aug 1, 2024 | lexology.com | Duncan Watson |Katherine Carter

Regulations came into force in 2023 that require trustees of occupational pension schemes that provide DC benefits other than additional voluntary contributions (“relevant schemes”) to include their policy on investment in illiquid assets in the statement of investment principles (“SIP”) for the scheme’s default arrangement. Trustees must comply with this requirement from the earlier of (a) the first occasion that the default arrangement SIP is updated after 1 October 2023 and (b) 1 October 2024.

Apr 24, 2024 | mondaq.com | Jay Doraisamy |Duncan Watson |Alex Knowles-Smith

The Pensions Regulator (TPR) has published its latest review of pension scheme TCFD reports. This sets out TPR's observations, feedback and suggested improvements for a selection of 30 reports published in 2023 (10% of the published reports). Trustees are reminded to have regard to the DWP's statutory guidance on TCFD reporting and they are expected to consider this review when preparing their reports.

Apr 19, 2024 | jdsupra.com | Jay Doraisamy |Alex Knowles-Smith |Duncan Watson

The Pensions Regulator (TPR) has published its latest review of pension scheme TCFD reports. This sets out TPR’s observations, feedback and suggested improvements for a selection of 30 reports published in 2023 (10% of the published reports). Trustees are reminded to have regard to the DWP’s statutory guidance on TCFD reporting and they are expected to consider this review when preparing their reports.