Pensions Round-Up July/August 2021

In this edition of Pensions Round-Up we look at key developments in pensions legislation, case law and regulatory guidance from July and August 2021 including:

• The Pensions Regulator: A consultation on guidance in relation to the legislation on climate change governance and reporting by occupational pension schemes; and an interim response to the Regulator’s consultation on its single code of practice.
• Department for Work and Pensions: A consultation on draft regulations to introduce a ‘stronger nudge’ to pensions guidance; and a consultation on draft regulations in relation to collective money purchase schemes.
• Legislation: Commencement regulations in relation to provisions of the Pension Schemes Act 2021 concerning the Regulator’s powers.
• HM Treasury and HMRC: the publication of draft clauses for the Finance Bill relating to the increase to the normal minimum pension age in 2028 and changes to the ‘scheme pays’ legislation.
• GMP equalisation: Guidance from the GMP Equalisation Working Group on GMP conversion and on transfer payments.
• Case law: A Court of Appeal judgment concerning PPF compensation.
• The Pensions Ombudsman: The publication of TPO’s Annual Report and Accounts 2020/21 and its Corporate Plan 2021-24.
• On the Horizon: A timeline of some of the key future developments in pensions to help employers and trustees plan ahead.

Download the full publication here.