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This podcast episode examines the UK Government's comprehensive pensions reform roadmap, focusing on the new value for money framework that will require trustees to collect extensive data and conduct detailed assessments.
In our Pensions on Air podcast, we delve into all things pensions-related, bringing you the key developments in pensions law and regulation through monthly 15-minute episodes that accompany our Pensions Essentials bulletin.
In this episode, Dan Schaffer is joined by Karen Mumgaard to discuss the Government's updated pensions reform roadmap and what it means for schemes in the years ahead. They take a closer look at the extensive consultation on the new value for money framework, including which schemes and arrangements will be in scope, the data that trustees will need to collect and how the assessment process is expected to work in practice.
Dan and Karen also explore the Government's latest policy proposals on guided retirement and scale requirements for default funds, before considering a recent intervention report from the Pensions Regulator that highlights the use of its information-gathering powers in the defined benefit context.
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