Clifford Chance
UK Pension Update - September 2024
18 September 2024
In this edition, we discuss the new government's upcoming pensions review and Pension Schemes Bill. We also consider the Financial Conduct Authority's value for money consultation, the final draft defined benefit funding Code of Practice which was laid before Parliament over the Summer, the Court of Appeal's decisions in Virgin Media and BBC, as well as the updated superfund guidance, updates on the Lifetime Allowance abolition and upcoming increase in normal minimum pension age and the Regulator's push for schemes to prepare for the dashboards regime.
We've prepared an audio podcast which discusses the headline points and generally accompanies our update newsletter. Listen to the podcast here.
The content of this podcast does not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking any action.
Newsletter contents:
- Pensions review to commence imminently
- FCA launches consultation on VFM framework
- DB Funding Code laid before Parliament
- Court of Appeal dismisses appeal in Virgin Media
- Court of Appeal hands down judgment in BBC
- TPR publishes updated guidance for superfunds
- HMRC consults on further technical changes following abolition of Lifetime Allowance
- New guidance on preparing for normal minimum pension age change
- TPR urges schemes to prepare for dashboards
