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27 April 20221 minute read

Pensions Round-Up March 2022

Welcome to the latest edition of DLA Piper’s Pensions Round-Up newsletter in which we provide an overview of developments in pensions legislation and regulatory guidance.

In this edition we look at key developments from March 2022 including the following.

  • The Pensions Regulator: guidance in relation to the new requirements to provide a stronger nudge to Pension Wise.
  • Department for Work and Pensions: a consultation on policy proposals and draft regulations designed to improve the accessibility of illiquid assets for DC schemes.
  • Legislation: regulations increasing the Fraud Compensation Levy ceiling; and regulations in relation to increases and revaluation of Guaranteed Minimum Pensions.
  • GMP equalisation: the publication of a Frequently Asked Questions document by the administration sub-group of the GMP Equalisation Working Group.
  • The Pensions Ombudsman: the publication of an updated factsheet about the Early Resolution Service.
  • Public service pension schemes: legislation to address the unlawful age discrimination arising from the 2015 transitional provisions.
  • On the horizon: a timeline of some of the key future developments in pensions to help employers and trustees plan ahead.
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