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2021 funding statement – the continuing impact of a global pandemic

Introduction TPR’s latest annual funding statement was published yesterday. Unsurprisingly, the current pandemic (and its knock-on effect on covenant monitoring...

Providing financial guidance and advice – May 2021

Pension scheme trustees and employers have long been subject to information and consultation duties in the thorny area of providing financial education and advi...

Master trust agenda – Q2 2021

Welcome to our new quarterly bulletin about current and future developments affecting master trusts, setting out key items to consider for inclusion on your tru...

GMP equalisation and conversion – May 2021

It is now over two years since the original High Court decision in Lloyds No.1 confirmed that schemes are under a duty to equalise for the effect of GMPs. A ser...

Simpler annual statements – consultation on draft regulations

Introduction On 17 May 2021, the DWP published a consultation on draft regulations (“the Regulations”) and accompanying draft statutory guidance which will intr...

Pension scams – empowering trustees and protecting members

Introduction On 14 May 2021, the DWP published a consultation on draft regulations (“the Draft Regulations”) which will require the trustees and managers of occ...

Quarterly Legal Update – May 2021

Our Quarterly Legal Update provides employers and trustees with an essential overview of significant developments affecting occupational pension provision in th...

Flexibility for longevity swaps in the long term

There has been a recent increase in the volume of longevity swaps being entered into by pension schemes. In 2020, the reported transaction volume for longevity...

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