At a glance...

Issues affecting all schemes

  • CLIMATE CHANGE
    • Consultation on draft legislation and guidance imposing new climate risk-related duties on trustees of larger schemes
  • AUTOMATIC ENROLMENT
    • Earnings figures set for 2021/22
  • PENSION SCHEMES BILL
    • Update on the Bill's progress through Parliament

Issues affecting DB schemes

  • 2021/22 PPF LEVY
    • Finalised rules and guidance for the 2021/22 PPF levy
  • GUARANTEED MINIMUM PENSIONS
    • Annual GMP increase set for 2021/22
  • DB FUNDING
    • Interim response to the Pensions Regulator's consultation on a revised DB funding code of practice

Issues affecting DC schemes

  • DC DEFAULT FUND CHARGE CAP
  • Government response to its review of the default fund charge cap and standardised cost disclosure

PENSIONS REGULATOR COVID-19 GUIDANCE

Guidance on transfer requests where funds are held in a gated fund

  • Action required
  • Follow development and keep under review

Please click The Pensions Brief: January 2021 | Perspectives & Events | Mayer Brown here to view the full report

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This Mayer Brown article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein.